XAUUSD 10/4/23 outlook Good morning gold gang! i thought id update you after the weekend off.
Asian sells played out beautifully with a 100 plus pip move to the downside. Splendid!!
For todays london and newyork sessions id have marked my areas of interest .. dxy still making its way up to a key level .. so we may see another short move on gold so i have marked the sells underneath the 4hr flip.
My buy level i have moved down to 2002 as if dxy reacts from the key level .. price should create some more upside for us .. but in true tommy fashion .. we're ready for whatever.
Its not good to marry a bias in gold as it can change so quickly .. thats why im a scalper and im damn good at it!
Ill update you throughout the day .. stay frosty!!
tommyXAU
Xauusdsignals
XAUUSD This Channel Up is everythingGold (XAUUSD) is pulling back as we suggested with our last week's analysis based on the US10Y:
The pattern that emerged is a Channel Up since the March 20 High and the price is right now on the 4H MA50 (blue trend-line). As long as it holds the Higher Lows trend-line (bottom) of the Channel Up, it is a buy signal, targeting 2050 (a Higher High).
If it closes below the Channel Up, then longer term parameters will come in effect, first and foremost being the Fibonacci retracement levels from the March 08 Bottom. The 0.5 - 0.618 Fibonacci range happens to contain the Symmetrical Support Zone that come all the way from mid January. In that case, we will resume shorting Gold and target the top of the Zone at 1910. Notice how the 4H RSI has been inside a Channel Down while the price is on a Channel Up, indicating a Bearish Divergence.
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XAUUSD I hit stop loss & Asian outlookGood evening Gold Gang! hope you are well.
Another good day on the XAUUSD chart with good selling opportunities. One small 20 pip sell in London session and a much larger 100 pip sell in NY. Sadly, the NY trade i was stopped out by a couple pips before it rocketed down .. big sad! .. but we get over it. Analysis was on point and allot of you guys took the sells and profited .. so well done!!
Onto tonights asian and pre London analysis .. ok so we have bearish structure forming nicely with moves to the downside towards 2002 level at market close. I would like to see a strong candle closure under that level to target the 1993 level marked on the chart. BE AWARE! that the 1998 price level is very strong .. so if you are in the sells .. be aware of that level and watch for reversals. If you prefer, you can wait for price to close below 1998 for extra confirmation.
Buys are marked up above the messy range marked .. there is a very strong 4hr zone in there which i would like to see cleared before the buys can happen.
NFP news tomorrow! so i would expect consolidation and god knows what to happen to price once the news is out .. so stay frosty!! quick scalps in and out do not hold at the news.
no buy stops and sell stops either .. the brokers always win there with slippage.
Have a good evening gold gang .. take care and ill catch you in the morning
tommyXAU
XAUUSD BUY PROJECTION AFTER CONSOLIDATION 02.04.23Reason Behind Bullish
Technicals
1. Bullish Engulfing Candle Stick Pattern Confirm Further upward Movement
2. Triangle Ascending Pattern tends to breakout @ 2000
3. Levels S1 1950 S2 1920 R1 2000 R2 2074
Fundamendal
Dxy While retest 104 the XAUUSD reach 1945
After rejection of 104 further Move towards 101 which helps to reach Target
Overall Possible Outcomes
XAUUSD BUY@ 1945-1950
SL 1920
TP 2074
Break Zone - 2000
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway, we expect that GOLD will go UP to 2070 LEVEL. After that, GOLD may go down to the 1855 level with the FOMC UPDATE. Be careful..
XAUUSD Perfect analysis & Asia outlook Good evening gold gang! hope you are all well
ok last nights asian session was very low volume before a slight push in london where i took buys as forecast. I jumped out before but the trade did come up to hit the target. BOOP! ... the news sent price insane and we saw a spike down to the 2012 level trapping lots of short sellers before retracing heavily. No trades there as, what do i always say .. no closure, no exposure.
On to tonights asian and london outlook .. price is in a messy range right now most likely consolidating for news this week .. so be aware of that. I have buys above the daily high to move on to the 2041 level and the sells below the big wick of the 2012 to target the 2002 level. As always .. hourly or 30m candle closures are required to determine the direction.
The DXY is at a strong resistance of 101.98 and can reverse .. meaning gold to go up, but im expecting consolidation until the news.
Hope this was helpful and you have some understanding on the way i view the market .. please like and follow along for more xauusd updates
tommyXAU
XAUUSD Caught the buys & Asian OutlookGood evening Gold Gang! hope you've had a great trading day
once again, analysis was super accurate for the buys .. did i know it would rally so far? .. absolutely not. Thats why we take profits! if you missed out, there will always be another DO NOT FOMO
Ok tonights asian and pre london, lets have a look. Price is obviously over extended after todays move .. so there has to be a pull back to collect more orders. Price failed to close above the top level for 7 hours, so this shows exhaustion for price to pull back. If we get more upside, wait for 30m close min and ride them up to the next level. I prefer the sells at this point.
DXY also in a very strong reversal zone, so this could also be a sign for gold to come down a little.
If you got value from this and all my analysis, please leave a like and a comment. I always reply.
catch you tomorrow, happy trading
tommyXAU
GOLD May have peaked medium-term based on the US10Y.Gold (XAUUSD) reached (even broke marginally) the top of its long-term Channel Up. At the same time, the US10Y (black trend-line) is almost on a Double Bottom similar to February 02. That was a medium-term peak for Gold and a one month correction followed as low as the 1D MA100 (red trend-line). Gold's peak was made after its 4H RSI broke above its Lower Highs trend-line, which turned out to be a fake-out.
If the US10Y starts rebounding, Gold may form a similar peak and in that case we will turn bearish on the medium-term, targeting initially the 1D MA50 (blue trend-line) and the last Low at 1910.
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XAUUSD Huge buys wow! Asian outlook Good evening gold gang! hope you are well.
A great day today on our favourite pair .. my forecast was bang on in the asian sells and london/ny buys .. congrats anyone who got in with me.
Price is very bullish and the dxy pushing down so im expecting price to push up to the next key level IF the 4hr flips .. the flip is marked on the chart. It is a relatively small range to the next key level so use tight risk management. Safer buys above the 1993.
As for sells .. id like to see some bearish candles form within asian for then to change bias .. so sells area is marked out on the chart.
Lets hope for some nice volume again during the session .. thanks for all the new follows today! welcome to the gold gang!
tommyXAU
XAUUD Bullish pennant like last November?Gold (XAUUSD) is trading within a Bullish Pennant pattern since the March 20 top. Both the price action and the RSI on the 1D time-frame resembles the Bullish Pennant pattern of last November (both started forming after a +11% rise). That shortly after broke to the upside, as it technically does normally, and posted another +11% rise. Currently a break above it again, would seriously make the market consider another long-term rally.
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#XAUUSD-UPDATED CHAT 180+ PIPS Dear Traders, hope you are doing great, our last trade idea dropped 500+ pips price is forming reversal wave pattern indicating a strong bearish outlook ahead. The recent economic event indicates a large sell orders had have been entered from big firm like JPMorgan, which will also be a key data to look out for.
In our previous setup we had indicated a zone by marking selling pattern that it will drop from that point and price just did that.
So let's catch up:
-Keep noticing on price momentum and behaviour.
-Keep an extra eye on DXY .
-a PLUS EDGE would be to have AUD strength analysed
Previous key economic event:
-Following today's FED meeting; interest rates have been hiked by a quarter point signalling a low economic growth. The SVB crisis also influenced on FED decision. What we are looking with this setup is PRICE TO FALL as we have clear market sentiment backed by strong economic events.
Please like and share and FOLLOW FOR MORE
XAUUSD | New perspective | follow-up detailsThe gold struck a fourth straight weekly gain, settling within a strong psychological range of the $2,000/$1,935 as heightened inflation worries coupled with the banking crisis in the US and Europe limited the growing potential of the Greenback hereby making the Gold a safe haven for market players. In this regard we scooped over 1,500 pips during the course of last week's trading session (see the link below for reference purposes) to end last week on a profitable note. In this video, we analyzed the current market structure from a technical standpoint with the hopes of taking a position ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Is gold making a strong comeback?Gold rose sharply during the US market session on Thursday and rushed to the 1980 mark, reaching as high as near 1985.The dollar index fell sharply during the day, narrowly guarding the 102 mark.Intraday gold currently continues to maintain a level near 1980.Judging from the daily chart, the gold price has been swept for four consecutive trading days, and the daily line alternates between yin and yang, and the overall range still maintains a sweep back and forth.
From the intraday point of view, although the daily K-line has closed the upper and lower hatched Yang lines, it has not been swallowed up by the bullish.Only the 1990 bulls on the daily line will hit the 2000 line again.Therefore, bullish below 1990 does not chase up, beware of the possibility of the main force inducing more market washing.If it breaks through 2002 strongly, it is a strong pattern. Therefore, for the time being, I am not in a hurry to fully look long. I have not yet come out of the complete long structure. At present, the 4-hour K-line is blocked and the recent high is suppressed, and the overall is still running downwards. Although the gold price rebound has a certain strength, under the premise of not breaking through 2002, I personally expect that the continuity is not strong.
Based on this trend, it returns to today's specific market trend: it is currently in a state of slightly more volatility, and gold is currently stagnant in the 1980-1985 area.In terms of support below: In the bearish form, it is safer to go long relying on strong support, that is, 1974-1975 will not break, look at the rebound.
Short-term trading reference;
1.Buy gold near the 1974-1975 position, stop loss level 1970, take profit level 1984
2.Sell gold near the 1984 position, the stop loss level is 1990, and the take profit level is near 1975
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
XAUUSD Asian session pre London outlookGood evening gold gang!! hope you are well
Ok today very boring day until london close where we saw the break out finally! .. price thrusted to the upside and buys became available as per my analysis. Price shot up very quickly and hit my target tp. If you were in this trade, congratulations!
on to the asian and pre london session outlook .. ok price is now hovering around my key level marked on the chart .. i would be weating for a break above that key level and also a break above the marked problem area .. this is a 4hr and Daily zone that has created a reaction in the past .. so watch out. Above that is clean to rise up to the major price line marked in white.
pull back sells are marked too if we get them .. use strong risk management as they are counter trend.
other than that .. im hoping its a nice volume filled session for you
catch you tomorrow .. please like and follow along for all xauusd updates
tommyXAU
XAUUSD Asia / Pre London Outlook. Break the range! Good evening gold gang! .. hope you survived the range.
Today was a very rangey day with price accumulating around my 1964 level. We managed a small sell in london and a small buy in NY today but nothing met full target. Thats where risk management comes in.
So we have a range on our hands .. what does that mean? .. it has to break out. I have marked out the top and bottom of the range and i am prepared for either outcome. Again, strong 30m close required outside to gauge direction.
Targets are also marked up .. just watch out for that top problem area as marked earlier.
Have a great session guys, ill be back in the morning for the next outlook.
PLEASE like and follow along for XAUUSD updates
tommyXAU
GOLD May be starting a new 7 year Bull Cycle.Gold (XAUUSD) has been on a 6 month rally since the September 28 2022 market Low. This chart on the 1M time-frame shows that Gold is trading on approximately 7 year Cycles since the April 2001 market bottom and that based on this model, the September low may be the bottom of the previous Cycle and start of the new one.
Since August 2011 there is a Higher Highs trend-line that rejected any bullish break-out attempts and bullish continuation both on the August 2020 and March 2022 Highs. At the same time the 1M RSI has been on Higher Lows since July 2013 and the recent September Low made a perfect touch on the trend-line.
It is likely that a break and closing of a monthly candle above the August 2011 Higher Highs trend-line would start a Channel Up that could share some characteristics with that of 2001 - 2011. What do you think? Are we that close to such a historic Bull Cycle?
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XAUUSD NY session outlook (fakeout)What is good gold gang!!
Asia provided not much volume but price moved down to my level and broke below giving us the sell opportunity. I personally jumped out at 18 pips as price was reacting to a zone to the left that could prove it to be a fakeout.
This was correct and the fakeout buys became available after my trading hours .. beautiful break and close above the level. Clean.
My buy and sells levels are still the same for this session .. new 4hr candle opens at 13.00 gmt lets see where that will drop us .. im looking for buys above the previous flip.
A zone above the level is marked out as a problem area so watch out .. its 50 pips away from the level but could provide a strong reversal.
All levels and targets are marked on the charts as usual . please like and follow along for constant xauusd updates
tommy
XAUUSD Asian / pre London outlook good evening gold gang! .. hope you're well
Another winning analysis day on the charts .. my entry got stopped out unfortunately due to a long liquidity wick. The candle flew up after but i was the liquidity in this case .. you cant win them all!! i just move on.
Ok, so price is in a zone where its looking like its ready to break the 4hr highs and go for the previous day highs .. as ive marked on the charts as a problem area .. the range is big enough to trade just be aware it may reverse at that point .. so take profits.
Sells are valid below the next zone .. the buys look more favourable. No trades zone is marked out so dont fall into the trap in there! gold gang is better than that
catch you in london session .. have a good one guys
tommyXAU
XAUUSD Asia Pre London buys?Good evening gold gang! hope you are well
Monster sells in london this morning woowwww .. called them last night and to see them play out was poetry
Nothing in NY for me, the big move was over. I wasnt interested in catching buys at all .. always follow the current short term trend with gold. Thats a tip for ya.
Ok the daily has made a massive wick from the bottom level indicating its had enough of the downside for now .. this could see price moving up in asia pre london .. so ive marked my levels for buys
watch out for that strong rejection area ive marked on the upside .. price could jump back from it and take you out .. use tight risk management.
Sells are also on but below the previous 4hrs .. target is posted there too (next banking level)
Happy trading guys .. catch you tomorrow for ldn .. like and follow for daily gold trading ideas
tommyXAU