XAUUSD Outlook 29/5/23. Dxy bullish 📈Good morning Gold Gang! hope you are well on this surprise outlook for bank holiday here in the UK and memorial day over in the US.
I honestly thought the market was closed .. ah well here we are
Im not expecting much volume today at all .. so the levels are there really to roll over to tomorrow. Sell zone is a nice clean range for it to move down .. dxy is still bullish respecting my levels so we can expect more downside for gold.
Buy zones kind of messy there with a few wicks and that fakeout from last week .. range above is cleaner but we will need some strong news to get up there i think.
Other than that, relax guys take the day off as i think it will be quite boring and dangerous taking moves with little volume.
catch you tonight for the tomorrows outlook where we will be back to normal (thank god!)
Please support me by hitting the like button and following along for constant XAUUSD updates during the day.
tommyXAU
Goldstrategy
XAUUSD Outlook 25/3/23. The bears are getting closerGood evening gold gang! Wow a day of buys and sells today in my zones. Perfection.
A nice move up in london and a huge rejection from the level causing massive sells to play out. Amazing price action and levels respected as always.
Ok onto tomorrows outlook .. The sells are in a great spot under the wicks that have failed to close for a week now .. a nice 1hr plus close in that zone can mean us moving down and a close below the target looks like a nice long/mid term down trend. Lovely jubbly!!
Buys are up out of the way as they are counter trend, but we cant write them off completely .. so stay frosty.
A quick note about entering using my bank levels, what ever strategy you use be it smart money concepts, ict, fibs, ema cross, trendlines .. whatever .. use my analysis to gauge your direction and enter as you will. All i need is a close in the zone and that is the direction for at least the next 100 pips. Use the levels guys, thats what they are there for and as youll see looking back, they are highly accurate.
nice juicy red news folder in NY too so that should give us some movement. Looking forward to it already.
Thank you for 900 followers!! thats amazing. Hope im being of service to you guys with my unconventional strategy lol
please like and follow for constant updates on gold
tommyXAU
GOLD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD 19/5/23 Outlook. 1944 level is critical!Good evening gold gang, hope you are all well and had another monster trading day with not one but two targets smashed to pieces. 200 pips potential on the table.
Ok price is approaching a very critical level of 1944 .. that was the feb 2023 high and is a huge level in history .. if price was to react from this and move back up, we could see another run on ATH (all time high) but we would need some world bad news there for that final push. Gold has been on an uptrend all year .. and a break below the 1944 can mean we see it create a nice long term down trend once again with dollar pushing up.
Either way, we are ready for buys or sells each day as always.
Buys are counter trend and placed above a potential pull back fakeout .. so they are straight forward. Sells has another pesky zone in the middle that can cause reaction just as todays did .. so stay frosty and use tight risk management.
Lets see what tomorrow brings, the last few fridays has given us some amazing volume to work with, and with a let speech by powell, it might be we wait all day for it .. but it will be worth it.
Have a good rest of your day/evening .. see you in the morning for the open
tommyXAU
XAUUSD 17/5/23 Outlook. We caught the sells!Good evening gold gang its that time again!
A great day today catching the sells for 100 pips in the NY session, great execution on the 30m close inside the zone and ran perfectly to target. Gold has now closed in the 1980s, what i said in the sunday night outlook.
Ok on to tomorrows outlook .. a large drop today will require a pull back of some sort .. we are hovering the 1993 key level once again so id like to see that respected to move down but if not .. we could come up higher to the buy zone. The reason for it being high is to avoid fakeouts.
The sells are tricky as the zone to the left is very messy with 4h wicks all over it .. remember to use tight risk management in the sell zone to avoid getting spiked out.
No major news tomorrow so we could potentially see a low volume day, but the trade today is more than enough for the week (as long as you can keep it lol)
Well done to everyone who caught the sells today, follow me for constant updates on my trades.
smash the boost button and ill catch you tomorrow morning in the london session
tommyXAU
XAUUSD 16/5/23 Outlook. Avoid the rangeGood evening Gold Gang .. hope you are well rested after a day of absolutely nothing lol .. lets see what tomorrow has for us
The last few mondays have seen very slow price action and today was no different. News sent us up to the buy level for us to respect it and bounce back away from it .. so a no trade day today. A no trade day is a win because we follow the rules.
DXY has broken and retested a key level, so price should move up from here but we have a red folder tomorrow .. so lets see what we get.
The price levels remain the same for tomorrows session as they were not entered today .. The beauty about my strategy is i just set alarms around the key levels and go about my day .. so chart time is a minimum .. what do we trade for if not freedom hey?
Have a nice evening gold gang .. ill be updating as we go along tomorrow so please make sure you follow me to receive those updates.
Smash the boost button and ill see you tomorrow for the london open
TommyXAU
GOLD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Possible drop to daily 20EMAInstrument : GOLD
Possible direction : Bearish
Technical Analysis : From daily timeframe price has formed daily doji which has formed after multiple liquidity grab from both support and resistance.
We see a clear head & shoulder on the 1h chart that has led gold to breakdwon from the trend line and may lead the price to daily 20EMA.
On the retest of the hourly trend line a sell trade is high probable for short term.
Possible trade recommendation : Bearish as per chart sketch
Press like button if you enjoy.
Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
XAUUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD 21/4/23 Outlook & the daily death rangeGood evening gold gang! hope you have all had a good trading day.
Nothing from me today as my ranges didnt get broken, but my bullish analysis was spot on. Few traders messaged me with winning trades and thats awesome.
What do we have tomorrow then, ok first thing to note is the news. Its a late one so im hoping for some volume in asian and london .. NY is likely to range for a bit.
Lets talk about the range .. if you go on the daily time frame .. you will see that the last 3 days have all opened and closed in the same area .. albeit left wicks .. ive not seen this for a long time and im hopeful we get a break out of the range tomorrow or during the news. Thats why the range is a no trade zone .. there will be too much dealing going on. Wait for the clear breaks in my zones marked up.
Direction is gonna be tough to gauge as the candles are the same .. so keep frosty and be prepared for whichever side we pop out of.
Ive placed a couple of additional targets on there incase we do get some volume and direction. A word about my targets .. i dont hold full positions to targets .. i always take profits on the way. Don't be a hero .. take what the market gives you and leave runners.
Please like and hit the follow button .. im here everyday bringing you super accurate gold analysis and its amazing when people message me telling me they have made money.
catch you tomorrow morning gold gang
tommyXAU
XAUUSD 17/4/2023 Outlook. Bullish?Good evening gold gang! hope you are well rested and ready to destroy the yellow metal with me.
Ok price dropped as expected last week and landed in a very major price level. If you zoom out to the weekly and monthly, you will see that price is on the end of an upward channel .. and any breaks below could mean we are moving down.
In the mean time though with a lot of FUD around the dollar .. xauusd is still high and i believe people want to see the all time high broken. We will need a major "news" catalyst to get back up there though. When i put inverted commas around news, i meant corruption lol
The zone where we are at currently is messy .. very messy. There is a clear imbalance there but id rather see the zone flush out first .. so buys for me are above 2022. The level below could be prime for a fakeout .. so ill be watching for that too .. candle close below and we are down down down.
Sells below 1993 should be nice and straight forward there not much to get in the way. Im just hoping for volume. A few red folders but nothing major this week.
Have a good session guys please like and follow along for more gold trading analysis.
tommy
XAUUSD How to enter on the retest (tutorial)Whats up gold gang! hope you have enjoyed your weekend .. its nearly market open .. so lets get ready.
This weeks educational post is talking about the retest .. so what is a retest. When price breaks a banking level .. i normally enter on the break out .. but if i miss that .. you can wait for the retest. This is where price comes back to the level to collect more orders before shooting off in the direction of the current trend.
Wait for a wick rejection at the banking level and a bullish candle to follow .. on the hour or 30m is the best .. then you can enter on the break of the previous bullish. Make sure this is at volume time around the opens.
As anything .. it sounds simple .. but tricky to get right .. and is a lower probability set up compared to the standard breakout.
Hope this was helpful guys .. please leave a like if you did. Ill be back tonight for the open and asian outlook going into tomorrow
tommyXAU
GOLD may drop to daily 20EMAInstrument : GOLD
Possible direction : Bearish
Technical Analysis : After a gap opening in the beginning of trading week GOLD has show a strong bearish price action on the lower timeframe. As we of on the monthly gold has reached almost 1 year high, we may see a drop to support zone with daily 20EMA could tested before any movement to the upside. As of today, market has grabbed liquidity from the gap and showing again strong downward bias and may continue to drop.
Fundamental : Positive NFP and possible FED's 25bps lift is driving DXY to the upside causing GOLD to melt down.
Possible trade recommendation : Bearish as per chart sketch
Press like button if you enjoy.
Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Amazing sells!! NY outlook Good afternoon gold gang! .. what a great start to the week
Ok we saw the forecasted sells activate in london after a fairly quiet asian session and booooom down they went. Entry model followed on the 30m chart and bye bye! .. 100 plus pips.
If you didnt see my entry model post .. scroll back to yesterdays post to see how i enter.
Outlook for NY .. we had a beautiful fakeout trapping buyers (why you would buy a huge move like that i do not know) at the level for it to sink again perfectly to the next banking level. Boop.
New 4hr candle opened so lets see if we pull back up .. im waiting for a range to form before i can take anymore trades .. at the min its very bearish so we need some buyers in before direction is confirmed
like and follow along guys .. catch you later for asian outlook
tommy
GOLD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
tommyXAU simple entry model. Good morning gold gang! I thought id hop on here and post my super simple entry method for you to see.
Its no SMC or ICT model that turns your brain in knots trying to figure out .. its simple, as trading should be. I look at some strategies on here and think to myself .. wow, that would turn me into an emotional wreck with my finger on the button.
Ask yourself this .. do professional traders in banks use trading view and mark up charts? Its all time and price.
Here i am looking for strong breaks of my banking levels in high volume times with a strong closure (30m/1h) preferably.
Then an entry on the break of that candles wick. Target is always the next banking level but be very savvy with your risk management.
Other areas play a factor too you cant just blindly jump in here .. but this is the exact model i use to execute.
Hope this helps guys, drop a like if it did. See you tonight for market open
tommyXAU
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.