XAUUSD Wedge Breakout!XAU-USD broke out of the
Narrowing wedge and
The breakout is confirmed
So I think that we will see
Some more growth !
Xauusdsignals
Gold (XAUUSD): Key Levels to Watch This Week 🟡
Here is my latest structure analysis for Gold:
Resistance 1: 2004 - 2015 area
Resistance 2: 2040 - 2048 area
Support 1: Expanding area based on a falling trend line and 2 horizontal supports.
Support 2: 1934 - 1940 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
XAUUSD 28/4/23 Outlook. Back into the range. Good evening gold gang! Another great day on the charts as we got the sells right at NYSE open. Beauty.
/im going to be brief with this one as we are back in the range now .. hugging that 1993 yet again. I feel there is going to be some kind of big announcement coming that will blast gold out of this range .. might get it tomorrow
Buys and sells are set at the extremes of the range with targets too.
I’m running out of battery so i gotta be quick hah .. thanks again for all the likes and follows today .. means a lot. This really has become a passion of mine since Xmas .. helping guys get their head around the yellow metal.
Please like and follow along for more gold updates
TommyXAU
XAUUSD | New perspective | follow-up detailsGold prices continue to trade below the 2,000 level for the second week straight hereby maintaining its choppy situation on the charts which has been attributed to the uncertainty over the path of interest rates decision by May 3rd; It is expected that events in the coming week should make things much clearer. Economists project that the Federal Reserve will agree on another quarter-point increase which will bring US interest rates to a peak of 5.25% and insinuations that the Fed is not done with rate hikes might as well give the USD a fresh upside in the coming weeks. In this video today, we looked at the charts from a technical standpoint to decipher the potentials that price movement has in the coming week(s).
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 on a breaking point. Get ready for the big move.Gold (XAUUSD) closed above the 4H MA50 (blue trend-line) yesterday for the first time since April 14. This is the first major bullish signal in a while but it is not confirmed yet as the price remains and in fact got rejected on the (dashed) Channel Down.
A 4H candle close above it will be a buy signal for us, targeting the top of the Channel Up at 2070. On the contrary, a closing below the 4H MA200 (orange trend-line) will be bearish, targeting the 1D MA50 (red trend-line) at 1940.
Note the there is a Higher High Bullish Divergence on the 4H RSI, having rebounded after getting oversold.
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Gold- Range is tightening, support is rising. Up break next?In my yesterday's comment, I said that is better to wait for clarification in Gold's case and it looks like we are closer and closer to a resolution.
Looking at price action since Monday we observe dips are bought and although we have reversals from above 2k, buyers are entering the market higher and higher thus rising the support level.
This, in my book is pressing up, and there are great chances of breaking resistance.
As explained yesterday, a break above 2010 would expose 2050 recent high but with the price gaining momentum, I wouldn't be surprised to see it making a new ATH.
XAUUSD 25/4/23 outlook bearish dollar?Good evening gold gang! hope you are well and survived a very boring day on the gold chart. No news today causing price to range for most of the day trapping traders long and short. Not me though, my levels remained untouched so i stayed away. Thats experience for you hah
So for tomorrows price, we have some news late in the day which could cause price to range again .. so be aware there could be little volume. If we get some then i have the same levels marked out with an extra zone for the buys. I have left a gap in the middle as its very messy and would not be trading in that zone .. its also a potential fake out zone for price to reverse .. so best to stay clear.
DXY still in that bearish channel and will close below 101.45 tonight. last time it did this is fell down driving gold up. Lets see.
Buys above are very nice with lots of clean range to fill.
1993 key level still respected as it has been all April, so we are due some movement away from it. Sells below the 70s marked up.
Have a great evening gang .. remember if you are taking the trades .. 30 min min candle close into the zone before executing .. take profits along the way dont get greedy.
Thanks for 700 followers wow!! .. hope im providing you with good content and helping the community. Please like and follow along if i am.
tommyXAU
XAUUSD 24/4/23 Im still bullish on the HTFGood evening gold gang!! hope you had a good weekend, relaxing .. popping bottles, whatever .. as long as you did some backtesting! ha
Ok on to tomorrows outlook .. as the title says, im still kind of bullish on the higher time frame as daily candles are still rejecting the key area 1973 area. Price did close bearish last week below the daily death range i talked about .. but im still seeing DXY moving downwards in a channel and id like to see a pull back to the 1993. As usual though, ive covered you both ways .. because thats how i trade.
The sells id like to see below the 1973 with a strong candle close. Target is placed below, make sure you pay yourself first as i always say.
The buys a little further up BEFORE the daily high at the 1993 key level .. this is because the range above is messy. Id like to get in and out before that sh*t show.
Lets see where we open! ill be in bed as im super tired .. so i hope you get a trade during the session .. if not .. ill be back in london.
Safe trading gang .. please like and follow along for more gold trading tips and ideas.
tommyXAU
XAUUSD BUY PROJECTION 23.04.23Reason Behind XAUUSD Bullish
1. Last Week Bearish Engulfing candle confirm the further downward Movement towards 1950 Which is Major Support
2. After Clear sell off and Obey the stronger Support and rebound and make teh higher High
3. Breakout above 2010 and Clear Strong Buy
Overall Possible Outcomes
XAUUSD BUY @ 1950
SL 1930
TP 2050
XAUUSD | New perspective | follow-up detailsThe majority is in a dilemma of whether or not the US central bank is ready to pause on rate hikes. An insight could shape the narrative in the Gold markets, as inflation and recession prospects counteract the demand for the yellow metal. On Friday, we witnessed the mini-crash in prices of gold which was a result of the Federal Reserve Governor Christopher Waller's comment on more monetary tightening despite evidence of a steady drop in inflation figures. Higher interest rates tend to benefit the dollar and weigh on gold. Going in to the new week, is the Gold on track to a new record peak? This video, illustrates a detail technical explanation on what we shall be looking out for 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 - 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 GOLD to go DOWN to 1855 LEVEL. Before that, GOLD can go up to 2033 LEVEL with the FOMC UPDATE. Be careful..
XAUUSD One step away from a major sell-offGold (XAUUSD) is testing the bottom (Higher Lows trend-line) of the Channel Up that started a month ago (March 20). The previous two times it hit this line, the price rebounded and a new Higher High was made.
This time however the price has already been rejected twice on the 4H MA50, which keeps the short-term bearish (until it closes a 4H candle above it). With the 4H RSI oversold below 30.000 for the first time since March 07, we expect at least a short-term rebound towards the 4H MA50 and target 1995. If the candle closes above the 4H MA50, we will extend our buying strategy towards the top of the Channel Up, targeting 2060. If however we see a candle closing below the Channel Up, we will go short, targeting 1940 initially and upon a new 4H MA50 rejection, 1900 on the 0.618 Fibonacci.
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XAUUSD Chart H1Here is my view for XAUUSD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
XAUUSD Short-term pull-backs mean nothingThis is Gold (XAUUSD) on the 1M (monthly) chart where the long-term direction is best seen. Apart from the fast that it has been rebounding on the 1M MA50 (blue trend-line) since October, we can see that it has been trading within a Pitchfork, treating each trend-line as Resistance/ Support. At the same time, it gathers buyers every time the 1M RSI hits its Higher Lows trend-line and starts strong rallies when the MACD makes a Bullish Cross. The last such cross was completed on March.
This indicates that every short/ medium-term pull-back on Gold doesn't affect a strongly bullish long-term trend in a market that based on the Pitchfork has incredible upside potential.
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XAUUSD - 4H continue to rise in the channelLet's predict the Gold price for the next week.
After a bullish spike from 1800, we have had an up-trending channel that can continue to rise at least to the all-time high zone
This fall is just a bearish leg in the channel and doesn't change our expectation of rising.
XAUUSD Sell this pull-back, buy on the low.Gold (XAUUSD) broke bellow the Inner Higher Lows trend-line (dashed) and is headed for the 4H MA50 (blue trend-line) again. The long-term pattern is a Channel Up but we see also a Diverging Channel Up that that formed the April 13 High. Sell this pull-back and buy when the 4H RSI hits the bottom of its Rectangle which has provided the previous 3 buy opportunities. This is likely to take place on the 4H MA100 (green trend-line). Our medium-term target on that projected bounce is 2055.
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XAUUSD Asian session and pre london outlook Good evening Gold Gang! i hope you are well and survived the cpi news earlier!! Buy stops Sell stops yayayya
So the news sent us 250 pips north to boop my key level perfectly. Then dropped back down to the lower key level before ranging. None of which provided me with an entry point. Cest la vie
So apart from the asian buys, there hasn't been anything to take today that fit my plan. This is where patience comes into play.
Onto tonights asian and pre london, With price ranging now up until the close, i have my buy zone up at the 2022 key level, candle closure required. This should then move up 100 pips to the next zone of 2031.
The sells (that id prefer) are down at 2003. Wait for candle close. Why am i so bearish you say .. well gang .. there isnt any data at all time highs so trading will be super difficult. So we want prices lower, where past data gives us the edge.
Some nice juicy red folders tomorrow so lets hope for some downside. If not, its fine. We are ready for whatever.
Have a good night guys use correct risk management
tommyXAU
4/13 Gold trading signals: Go long
The 30M moving average support of gold is located near 2015, the 60M moving average support is located near 2008, the 1D moving average pattern is arranged in a long head, and MA5 and MA10 are located near 2010-2004.From a morphological point of view, today's high probability is to break through the previous high near 2031, and trading should be mainly long.
When the price comes to the vicinity of 2032-2038, you can make a retracement market after a big rise. The support looks at the vicinity of 2028-2023. If it is pierced, it will be near 2020-2018.In terms of trading, I am conservative, so take profit is generally not set at the top.
The above is the trading strategy of gold today, and the others will be updated later.
XAUUSD 2k Failure / asian outlookWhat is up gold gang! hope you are all well and rested after the long weekend
XAUUSD today we caught the sells in NY as forecast last night .. absolutely beautiful. Well done to anyone taking that on my analysis.
OK as for tomorrows asian london and NY .. lets get in to it
Price has failed AGAIN to stay above the 2000 level. This says to me that its too strong a psych level and in order for price to stay above, there needs to be another big news event that would effect the dollar negatively. Until then, i believe we will see more pull backs.
I have my sell level marked below todays low. The only problem with this is the area marked out in the white box .. there will be some kind of reaction there .. so either wait for price to clear it .. or take profits there as its likely to bounce.
Buys are back above the 2000 level .. reason for this is we are heavily bearish at the moment and would need to see some heavy news in order to change that.
As usual the target prices are on there .. dont be a greedy guts and take profits along the way .. don't be that instagram guy saying you just caught a 1:19999 once in your whole life .. its always better to compound small wins and keep the win rate high.
Have a good session guys i will catch you for updates in the london session
tommyXAU
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
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 SellGold repeating history itself. I believe Gold may fall much harder again from the defined level of resistance. But we can't ignore the current situation of US.
