XAUUSD | New perspective | follow-up detailsAfter scooping a 7,000 pips profit from our previous analysis (see link below for reference purposes); the yellow metal posted its third weekly loss as price action drops into the $1,800 zone (where it started the year) clinging to a "strong support" where buying pressure was observed on Friday. With price action stuck at the mid-$1,800 level, Participants will be faced with the dilemma of discerning possible direction amid calls by Federal Reserve officials for sharper rate hikes. This video illustrates from a technical standpoint what we shall be looking out for in the coming week.
00:49 Reference to last week's daily commentaries and results
05:20 XAUUSD Technical analysis on Daily chart
10:30 Macroeconomic events to look out for the week
11:35 XAUUSD Technical analysis on 4H Timeframe
12:04 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.
Xauusdsignals
XAUUSD analysis played out againGood evening gold gang! i hope you had a good trading day
Gold broke below my level i marked this afternoon with some force following the news. I managed to take an impulsive move just before which got me 30 pips .. result!!
I did say wait for the retest but i decided to jump straight in and ride the wave baby!
The rest of the session was very messy to be honest. Tomorrow is a new day and hopefully the price action will be better.
Congrats anyone who took that move as analysed earlier.
Catch you later for an asian session outlook
TommyXAU
XAUUSD hit my level perfectly Good evening gold gang!
Ok gold finally broke out after the news to my downside target at hit it to the tee!! *chefs kiss* ... price broke below and provided me with my entry to take the short.
I exited full at 1:1.2 rr as price is outside my trading times so im happy to pinch some profits.
Im happy with my analysis and execution on this one. Im hopeful we will get some nice movement again after most of the Week consolidating.
My asian outlook should see price moving down now to my next level. DXY is also strong so we should see a volume filled Asia session.
if you enjoyed this, please leave a like and follow for more updates.
Tommy
XAUUSD trade stopped at BEGood afternoon gold gang
the trade i took from london was stopped at break even, but managed to bank some partials as i always do.
Moving into NY im looking for a reaction at the 1838.49 level. A strong close above would indicate bullish moves to the upside
A wick rejection and close below would mean we going back down to my original target of 1827.65
Either way, im ready. News coming up .. so lets see what we get!
Tommy
XAUUSD Deep pullback in NYGood evening gold gang! Another amazing week on the charts.
As predicted this morning, gold did pull back after the nyse open but smashed through my target zone and made its way to my next level marked in red. I took a loss trying to grab the buys as price consolidated for a couple of hours before blasting off.
There was an entry above the top red level, but was too late in the session for me.
Ill be back Monday for more pin point scalping on my beloved XAUUSD. Until then, have a great weekend. If you are a new trader, or even experienced, don’t forget to get a little back testing in to keep you sharp in between the beer.
TommyXAU
XAUUSD | New perspective | follow-up detailsThe $1,860 level held price strongly "supported" while participants in this market await next week's U.S. inflation data that could influence the Fed's rates policy. Last week's trading session was characterized by a consolidation phase as price action was caught within the $1,880 and $1,860 range to pronounce the indecision at this juncture in the market. This video illustrates the technical perspective as we anticipate trading opportunities off the breakout or breakdown of the channel in the coming 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.
XAUUSD - Another perfect analysis Good morning gold gang .. tommy did it again! lol
Asia saw that nice drop to the major level and broke through indicating lower prices. As i said yesterday id like to see a pull back in NY.
Im currently in this trade shown .. perfect boop retest from the major level and entered on the close. Stops currently at break even with a small partial taken. ALWAYS TAKE PROFITS GUYS!!
Catch you in NY .. happy trading. Don't forget to follow along for more.
Tommy
XAUUSD Did EXACTLY what i wanted Wow, another high volume asian session! .. price finally closed above my level at 25 pips which was near enough a perfect set up for me to take the longs. Price came up to the target area and reversed just as i drew out. London and NY should see price move to the downside now to test my MAJOR level in white. Lets see!!
Follow along for more updates and to see the unique way i trade. KEEP IT SIMPLE!!
Tommy
XAUUSD Forecast for 14/2/2023Im not expecting much during london and new york tomorrow due to the news .. but asian session could provide volume to drive price back up into the range before the big push (wherever that can go)
Buys above 1855.60 back into the range and sells below 1850.00
Catch you all in the morning!
Tommy
XAUUSD Closing below the 1D MA50. Major bearish break-out.Gold (XAUUSD) got rejected just below the 4H MA50 (blue trend-line) and is following the downtrend as presented on our previous analysis:
We are re-adjusting the Fibonacci levels as they make a much more accurate fit for the uptrend, but right now we are about to make a strong bearish break-out as the price is attempting to close a 1D candle below the 1D MA50 for the first time since November 03 2022, which was practically the bottom of the previous multi-month downtrend.
A new Channel Down has emerged, with three Lower Highs already, while the the 4H time-frame has completed a Death Cross (4H MA50 (blue) crossed below the 4H MA200 (orange)) for the first time since October 16 2022.
As you see, the Higher Lows and Higher Highs of the uptrend have so far formed the Lower Lows of the Channel Up. The next one is Support Zone 1 within 1827 - 1823.50 and its top is our first target. If it breaks, we will extend selling towards Support Zone 2 but will target the 1D MA200 (yellow trend-line) a little higher.
We will shift back to buying only if the price breaks above the 4H MA200.
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XAUUSD | New perspective | follow-up detailsFollowing a massively profitable week for us (see the link below for reference purposes); The Gold tumbled almost 3% on Friday after a blockbuster U.S. jobs report for January which came in with whopping 517,000 jobs hereby triggering profit-taking activities on the yellow metal’s long-running rally since the beginning of the year. Price is currently trading at a critical point where the bullish trendline and the $1,860 share a confluence on the daily timeframe. This video illustrates the technical perspective of the current market structure to figure out trading opportunities for 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.
XAUUSD Bear FlagCurrent bull flag on the DXY and current Bear flag on gold things you love to see! Gold has broken out its bear flag and the trend since early DEC and currently looking for a retest around 1870.
Sell off is confirmed is we re-test the structure of the bear flag and reject and then break 1860 this will confirm 1832
YASSINEIOS GOLD M15 FVG+OBPlease respect the analysis. Today is a beautiful day, a golden opportunity. Just a little patience and diligence, we will be the best Happy holiday Any questions about the transaction are welcome
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to our previous analysis of XAUUSS, GOLD went UP very fast in the previous weeks. Because of the NEGATIVE SENTIMENT against the dollar, US10Y went down due to this. Then I automatically bought GOLD.
But the last day all those INFLATION INDICATORS were NEGATIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
Anyway we expect that GOLD will go UP to 1960 LEVEL. Before that, GOLD may go down to the 1825 level with the FOMC UPDATE. Be careful..
XAUUSD Broke below the 4H MA200 after 3 months! What's next?Gold (XAUUSD) has its strongest 1D losses (-2.45%) in 7 months (since July 05 2022/ -2.47%) and managed to break below its 4H MA200 (orange trend-line) for the first time in 3 months (since November 04 2022). Obviously this is a major technical development as the 1D RSI Bearish Divergence that was building up in January, eventually materialized the loss of strength into loss of price.
The long-term bullish trend hasn't been broken yet but is loosely supported after the 4H MA200 break on the Channel Up that started on November 10. Practically the 1D MA50 (red trend-line) just below is the true test of the uptrend. The 4H MA200 is now a Resistance but with the 4H RSI getting oversold and rebounding, it is likely to see a bullish market reaction (the last if this is the start of a downtrend) towards the 4H MA50 (blue trend-line) as the current price is the lowest in a month.
A rejection on the 4H MA50 practically empowers the trend reversal but the true confirmation would be closing a day below the 1D MA50. The role of the Support Zones we display is crucial as they were both Resistance and Support levels previously. As you see currently the price is support on Zone 2. As a result we are willing to sell only below the 1D MA50 and target Support Zone 3. Below that we will target the 1D MA200 (yellow trend-line).
In order to resume buying, we need to see the price break above the 0.5 Fibonacci retracement level again, which is both a bullish break-out point and rebound point inside the Channel Up.
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XAUUSD | New perspective | follow-up detailsGold was unable to crack the psychological level at $1,950 to bring fresh hopes of a new wave of bullish momentum and this can not be unconnected to the reassuring U.S. economy as the fear of recession recedes at least in the meantime. Data reported on Friday reveals that the PCE Index grew 5% in the year to December, versus an annual expansion of 6.8% in June further bringing a positive light to the Greenback. From a technical perspective, we have identified a potential trend continuation pattern as the $1,920 zone continues to reject selling momentum throughout last week's trading session. We still keep the option of a sell-off open considering the continued sell pressure below the $1,940 zone which might lead to an outright breakdown/retest of both the trendline (identified on the 4H timeframe) and the $1,920 zone.
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 Has a long-term downfall just begun?Gold (XAUUSD) is on a red 1W candle as we trade on the last day of the week. If the candle closes in red, it will be the first losing week after 6 straight green (since December 12). This is the bigger picture on the 1W time-frame and as you see it has been a Channel Down since the August 2021 All Time High.
It is a bit early to say but this week's rejection exactly at the top (Lower Highs trend-line) of the Channel Down, is the first signal we need to consider that the market trend may be shifting. The confirmation in the previous two bearish legs (downtrends) of this Channel Down came when the 1W RSI broke below its MA (red trend-line). Following that break-out, the price never looked back and made a Lower Low at the bottom of the Channel.
It is interesting to see that the downtrend of August - February 2021 matches almost perfectly with the downtrend of March - September 2022. For projection purposes we have plotted it on the current price action as well. We can see that a bounce isn't likely before breaking the 1W MA50 (blue trend-line) and approaching the 1W MA200 (orange trend-line).
It is also useful to mention that the two downtrends have lasted almost the same time, 2021 one 31 weeks (217 days) and 2022 29 weeks (203 days). An average of 30 weeks this time would time the next Low around August 28 2023.
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XAUUSD 1H Death Cross and the break-out levelsGold (XAUUSD) is close to forming a strong bearish pattern on the 1H time-frame, the Death Cross, which is when the 1H MA50 (blue trend-line) crosses below the 1H MA200 (orange trend-line). Last time it formed this was a month ago (December 26).
This is the first bearish signal on Gold in a long time and we are going to approach this by candle closings and Resistance/ Support levels. In the past 7 days, all 1H candles have closed above the 1919.50 Support (1) so we will go short upon a closing below it and target the Higher Lows trend-line (1) and the 4H MA100 (red trend-line). We are willing to extend this selling only if we close a candle below the 1911 Support (2) and target Support 3 (1895.50), where contact will most likely be made with 4H MA200 (yellow trend-line), which is the long-term Support during such uptrends.
Similarly, a break above the 1935 Resistance (1) will be a buy signal, targeting Resistance 2 (1949.50).
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