XAUUSD NY Trade Ideas Whats up gold gang!! hope you're well
as suspected, price is ranging. DO NOT trade in the range .. thats how you lose accounts!!
I have marked my 2 areas im waiting to break for gold. Anything else is not valid!
Lets see what we get!! Please like and follow along for more
tommyXAU
Xauusdsignals
XAUUSD target met to the pip! expecting range bound priceGood evening gold gang! what a beautiful day to trade the precious metal.
Trades called today both won and ran for 100 pips each with little drawdown following the bullish bias.
For asian session, im expecting price to either rise up to my next level marked on the chart, or simply range around the major price level (marked in white) until cpi news release.
There should be a deeper pull back at some point, but the sentiment has been so bullish .. im not sure when it will come just yet. Safest play would be to wait until after the news. Its gonna be a good one!
Catch you tomorrow
tommyXAU
XAUUSD Target hit. Look for a pull-back to re-enter.Gold (XAUUSD) reached our Inverse Head and Shoulders target (1913) we set last week and fulfilled the buy signal we gave 2 weeks ago right when the former Falling Wedge broke upwards:
As the 4H RSI has gone overbought beyond limits, the 1D RSI is on a controlled bullish trend, with a Higher Lows trend-line as its Support. Every contact with it is a buy. As the 4H MA50 (blue trend-line) is expected to cross above the 4H MA200 (orange trend-line) within 3 days and for a Golden Cross, we expect the price to pull-back inside the (green) High Volatility Zone. Target 1 is at 1920 (the Symmetrical Resistance) and if it price breaks above the 0.786 Fibonacci, Target 2 will be at 1955 right below the February 02 High.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD Huge expansion, im expecting a small pullback Good afternoon gold gang!!
Wow huge trade this morning called in the minds section. 100 pips!! that is huge. Well done for anyone who jumped on.
Current price is still expanding at a huge rate, so im expecting some kind of pull back to collect some liquidity. I have marked up what im looking for. Support must form at the red level below current price to then move up to the major level .. but sells will be below 1889 level.
Dxy sill bearish so we might see the major level tapped today?! .. lets see at the open!
Have a good afternoon guys .. ask me any questions in the comments and ill do my best to answer them.
Like and follow!
TommyXAU
XAUUSD Insane open!! 200 pips wowGood evening gold gang!! how are you??
First off i kind of forgot the day light savings in america so the market is open! and WHAT an open!!
As i predicted, the market rocketed on the open due to the news of SVB collapsing .. which has weakened the dollar.
This will prove to be a very interesting asia session! there eventually will be a small pullback but for the time being, enjoy watching the train leaving the station lol
Catch you all in london session .. lets see what price can show us then. Hopefully it will calm down.
tommyXAU
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 4H chart Goldturn levels and targets.
The swing range on our 4H chart setup played out perfectly providing the perfect swing.
We hit our last target of 1865 last Friday and now we need to see EMA5 CROSS and LOCK above 1865 to open 1882 AND 1894. However, we have a candle body close target open to 1882, which is still weak, as we need to see EMA5 lock to make this stronger.
We have a 4H retracement range at 1854 and break below this will open the swing range. We will keep this in mind to navigate the range and plan our entries and exits. We will continue with our plans to buy dips from support levels.
EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882 AND 1894
BULLISH TARGETS
1882
1894
BEARISH TARGETS
1865
1854
EMA5 CROSS AND LOCK BELOW 1854 WILL OPEN 1836
SWING RANGE
1811
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD | New perspective | follow-up detailsAmidst uncertainty over the extent of the Federal Reserve’s future tightening path, the U.S. dollar weakened and went on to close the week at a 2.7% loss. Despite a series of robust economic data releases in recent times, including inflation pushing in at elevated levels, there are high expectations that the U.S. central bank will deliver a 50 basis point rate hike in two weeks’ time. So in this video, we have taken the time to observe the charts from a technical standpoint to decipher how to prepare for the new week.
00:45 Reference to last week's daily commentaries and results
05:05 XAUUSD Technical analysis on Daily chart
09:00 Macroeconomic events to look out for the week
11:05 XAUUSD Technical analysis on 4H Timeframe
13:54 Conclusion on next week's expectation on XAUUSD
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.
XAUUSD 250 pips in profit and counting!Good afternoon gold gang!! hope you're having a good day
The forecasted sells finally came after the predicted consolidation before news. I took the sells impulsively is it broke the key level and it began to rise up to my first target.
Price continued t rise as the DXY fell and smashed through my target on to my second level (marked in red) .. i have a small runner doing the work now with trailed stops.
This tops off a great week of analysis on gold. You may have guessed by now that i don't do medium term price predictions, i am a scalper and i project what can happen that day. I never marry a bias and im always adaptable .. the way you should be in these markets as we have no idea what the outcome can be.
Have a great weekend guys!! have a beer on me
tommyXAU
XAUUSD Plan worked out like a charmGold (XAUUSD) followed our last analysis very efficiently and reached the 1860 Target today:
Right now the price is attempting contact with the 4H MA200 (orange trend-line) for the first time in a month (since Feb 09). At the same time it makes contact with the 0.382 Fibonacci retracement level of the February 02 Top. With the 4H RSI overbought musch like on March 03, we are expecting a pull-back to at least the 4H MA50 (blue trend-line), where it can approach also the 0.236 Fib and then rebound to the next target of 1880 (Fib 0.5).
The Inverse Head and Shoulders Fib 2.0 extension target is at 1913.50 and this is our long term projection.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD My trade levels for London/NYGood morning gold gang!! a snowy day in the UK today indeed!
NFP day today which should see a range in price for gold. Ive marked on my levels for the session and we can see what we get.
DXY is in a critical spot also almost priming its self for the news and ready to explode to the upside which would mean gold bearish price action.
Sit back and relax guys until this afternoon where things will get a bit tasty!!
tommy
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 1959 LEVEL. Before that, GOLD may go down to the 1785 level with the FOMC UPDATE. Be careful..
XAUUSD 100% Accurate analysis!Good evening gold gang!! i hope you're well.
Gold saw strong moves to the upside giving us not one but 2 buy opportunities both forecast this morning. I bagged 80 pips today which will top off my week just nicely as there will be no trades tomorrow due to NFP.
I will of course still be active and will be posting my analysis in the morning.
The first buy was a higher risk play due to the size of the range between the 2 zones .. i entered with a low risk. I jumped out and the zone and waited for a strong break for full risk buys up to my major level .. which it hit perfectly!! and with a nice rejection.
I hope you guys took value from my analysis and were able to enter long with me! if so, you owe me a beer!
See you in the morning for london/ny outlook. No asia outlook this evening as i believe volume will be diminished due to the impending news.
TommyXAU
XAUUSD Nasty range .. patience Good morning gold gang!!!! how are ya
OK so a rare loss for me yesterday anticipating the sells .. price shot up before ranging for the rest of the day. Asian no real volume there.
London and NY im waiting for the break of this nasty range as price is approaching my major key level. I would like sells to come down and break through it. My sell positions are 1812.14 with a strong close below. Target is around 70 pips but will obviously be taking profits along the way.
No red news today so we may also see a range until tomorrows NFP.
Buys above the 4hr resistance but they will be risky until the top level is broken in my opinion.
Enjoy guys, if you have any questions please leave a comment or DM me, i dont mind.
tommyXAU
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 1959 LEVEL. Before that, GOLD may go down to the 1785 level with the FOMC UPDATE. Be careful..
GOLD: Bullish Trend Nearing End, Be Cautious of Bull Traps Next
I am not God, not worthy of everyone's possession, and I am definitely not the US dollar, nor do I intend to let everyone have it. Aging is a compulsory course in life, while becoming mature is just an elective. When everyone is low-key, I choose to be high-profile, but I will never go off key. The road of investment is definitely not one-way, if one road doesn't work, you can learn to turn. Time passes day by day, never forget the original intention of coming to the market on the first day. We are not here to find a wife, not to fall in love with the market, and do not treat Janet Yellen's words as a judge. We came here for profit and interests, and while some may drop out or go astray, the amount of profit earned is definitely related to the success rate of followers standing with the team. Whether you find a good team or a bad group depends on whether you treat investment as a career leader or as a leader of bad things. People are products of their environment, things are classified, and people are grouped. It is understandable to not catch it the first time, but if you fail to catch it two or three times, you should reflect. If you catch the wolf's tail every time, you may lose your life because of it.
At the beginning of this week, amid a significant increase in the US dollar index, non-US currencies as well as gold and silver hit their lows.
Gold hit a low point at 1804 on Tuesday of this week and bounced back, with the highest closing price reaching around 1856 by Friday. The rebound was exactly $50.
Technical analysis:
GOLD daily chart
Based on the Fibonacci retracement of the drop from 1959 to 1804, the 38.2% level is near 1863, and the 60-day moving average is around 1855. The 1863 level is also a resistance point, indicating that there is resistance in the 1855-1860 range. Once the 38.2% level is broken, the price may reach the 30-day moving average at 1870. In this situation, it is not recommended to pursue long positions. GOLD is likely in a tail-end trend, and it may fall back after a day of increase next week or even directly.
GOLD 4-hour chart
From the 4-hour chart, 1804 is clearly a wave of AB=CD trend. I have also drawn the final 100% target position of 1870, which is symmetrical to the analysis of the 60-day moving average position on the daily chart.
In addition, the 61.8% resistance level is currently at 1855, which is also the reason for the caution in pursuing long positions.
operating strategy
Next week, it is recommended to sell short on rallies, and aggressive traders can enter the market at 1855-1863, while conservative traders can wait for 1870 to enter the market and sell short.
COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
XAUUSD Stopped out of sells. DXY droppinggood afternoon gold gang!! hope you're well
The forecast sells was a stop loss unfortunately. Analysis was fine, just let down by the news after over an hour in DD.
Price rallied up and hit my forecast level for the pull back as i said this morning!! but i feel it could go deeper as DXY is moving downward.
Im going to give my sells another chance but will leave buys for tomorrow if they arise.
Catch you later on for the asian outlook!! Have a great rest of your day. Drop a like!
tommy
XAUUSD wen pullback?!?Good evening gold gang!
Huge drops today on gold! i caught the initial move from london which ran to my target perfectly! (hope you guys got it too)
After such a massive move im expecting a pull back. I have my area marked up for the pull back on my chart after a support has formed on the lower time frames.
No pull back should see price drop down to the next level which is my red line .. thats a 40 pip drop so its a nice range to catch if you trade the asian session.
Catch you tomorrow morning for london! please leave a like and follow along.
tommy
XAUUSD Oversold RSI, bottom of the Channel = Buy opportunityGold (XAUUSD) got a massive rejection following Powell's comments on the potential of higher interest rate hikes. It hit the Symmetrical Support level of the Inverse Head & Shoulders pattern we outlined on our previous analysis and so far seems to be rebounding. A potential Channel Up gives room for some more decline before an eventual recovery.
The 4H RSI just breached into the oversold territory and as it was a sell last Friday when it was overbought, so is a buy opportunity now that it is oversold. If broken, the final level of long-term Support is the 1W MA50 (yellow trend-line), which provided the Support and big bounce last week. Our target is the 4H MA200 (orange trend-line), with a projected extension targeting 1860.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD Pin point accuracy again!Good afternoon gold gang!! hope you are all well!!
The trade called on this mornings london outlook was a winner with pinpoint accuracy!! price closed below and made its way down to target throughout the session. BOOP!
Congratulations for the guys who took this .. easy pips.
For NY im expecting a pull back of sorts but no clear levels unless we get a straight reversal from the target area .. 1842.83 area would be the target for pullbacks.
Ill be back later with updates
tommyXAU
XAUUSD Key level rejected Good morning gold gang!!! hope you're well.
Big news week for gold ahead so im not expecting too much action until friday, but we can still catch some nice scalps.
Sells looking good for today as the daily closed bearish and made a nice top wick rejection at the key level. Im looking at sells below 1845.73 with s strong candle close
target the next key level of 1838.54 with a couple of stops along the way.
Buys above the daily candle high but im not expecting that one, but we never know with gold!
Happy trading guys .. catch you in new york session
tommyXAU
XAUUSD We caught the bottom buy, now how high can it extend?Ten days ago we called a bottom on the exact market buy for Gold (XAUUSD) as the 1D RSI was approaching the oversold level:
This time we bring you an even more extensive perspective on the 2D time-frame, having found a fractal from 2019 that can lead Gold much higher than most anticipate, assuming of course the global market fundamentals continue to be the same.
As you see the two sequences (2022/23 on the left and 2018/19 on the right) share almost the exact characteristics, both starting a rally on an extremely oversold RSI (when most least expected it), having a rejection on a Lower Highs trend-line, finding Support on the 2D MA200 (orange trend-line) and forming a Golden Cross. This is where the current (2023) fractal stops as the first rally since the February High has started.
In 2019 the price broke easily above the 1D MA50 (red trend-line) but was rejected on its 0.618 Fibonacci retracement level, which made it fall more and make a marginally Lower Low, before th eventual hyper aggressive parabolic rally started that had a first stop on the 2.5 Fibonacci extension. On the 2023 fractal, the 0.618 Fib is at 1900. In 2019 this was formed exactly on the Golden Cross. The new Golden Cross will be completed tomorrow. If Gold doesn't reach 1900 by then and continues to rise, it is possible to ignore the bias of the 2019 fractal for one last Lower Low. A closing above the 0.618 Fib may also invalidate that. In any case, even in the event of one last pull-back, you can reserve a spot for one additional buy just under the 2D MA200. The target will more than make up for this risk as if the fractal is repeated, then the upside by the end of Summer can be anywhere within 2110 - 2190.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD WEEKLY 05.03.23 BUY PROJECTION 05.03.23RFundamanetal & Technical Reason for XAUUUSD Buy
1. Dragon doji candle confirm the further Higher Movement
2. Breaked strong support & trend line @1830 with strong Bullish momentum
3. Falling wedge pattern Breakout Confirmation
4. Breakout the downtrend in 4h Channnel
5. DXY xlear obey teh string downtrend as well as d suppoert @ 105.3 and heading towards 101.3
Overall Possible outcomes
XAUUSD BUY @ 1840
SL 1804
TP 1920
TP2 1960
XAUUSD | New perspective | follow-up detailsThe personal consumption expenditures (PCE) price index witnessed its biggest increase in six months bringing the index to 5.4% for the last year - a whopping 0.6% increase. As the Federal Reserve gears to ratchet up rate hikes again amidst fear of inflation, Gold appears to be consumed by the same inflation that it is supposed to be a hedge against. With prices currently trading within the $1,820 and $1,800 zone, it is worth noting that Gold still has a potential for bullish expectations, but the current bearish momentum could edge stronger if we see a break of the $1,800 level in the nearest future. In this video, we looked at the current market from a technical standpoint and identified structures to use as a yardstick for trading opportunities in the coming week(s).
00:48 Reference to last week's daily commentaries and results
03:50 XAUUSD Technical analysis on Daily chart
07:27 Macroeconomic events to look out for the week
09:35 XAUUSD Technical analysis on 4H Timeframe
10:50 Conclusion on next week's expectation on XAUUSD
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.