GOLD (XAUUSD): Top-Down Analysis & Confirmed Bullish Reversal 🥇
Gold formed a morning star pattern on a daily time frame.
The formation consists of 3 candles:
Bearish candle,
Doji candle with a rejection from the downside,
Strong bullish candle.
That formation signifies a highly probable bullish continuation next week.
4H time frame gives a very nice confirmation with inverted head and shoulders pattern.
I will expect growth at least to 1930.
❤️Please, support my work with like, thank you!❤️
Goldtrader
XAUUSD Outlook 29/6/23 We got the break out finally 📉Good evening gold gang!! Hope you had a good day and caught the counter trend buys i called. Lovely level respect.
OK i cant believe im writing this, but we actually broke out of the range, and retested it. A summer miracle.
This is great news for us as we can now get some clear direction finally.
DXY has also broken its downtrend with a strong push to the upside today target my next level. This can mean xauusd moves to the downside inline with the STRONG monthly bearish candle.
The weekly candle has a very clean range to fill with its own target of the 1872 area, lets see if we push down there before the end of the month!
some nice red folders tomorrow including powell speech at 7.30 my time? how can that be right thats 3am eastern .. anyways lets see if that moves the london session
Buys and sells are on the charts for asian session. Remember to manage risk accordingly. The way i do it is break even quickly (after 15 pips appx) especially in uncertain times like we are in
PLEASE like and follow me .. i love getting dms and comments .. it gives me something to do as its pretty lonely being a trader sometimes lol
catch you in london
tommyXAU
XAUUSD Outlook 28/6/23 back into the range 🥲Whats up guys!! hope you all had a good one even though it was frustrating again!! .. we cannot get out of this range seemingly!
Price seems to be hugging my monthly level marked in white .. it must be very important as we keep breaking away and coming back to it very quickly. Even the news today could not shift it.
Lets hope jerome can get us out tomorrow afternoon.
The green box marks last weeks low .. if you look on the weekly chart, you will see a very clean candle to the left just waiting to get filled .. we have closed on the daily very bearish, so could see this coming down tomorrow during the meeting.
buys and sells are marked up as usual with reversal points. I look for 5min engulfing candles when looking for reversals.
I wrote on another platform today the importance of sticking with your edge even in tough market conditions, this is happening right now. Even though im not getting my usual wins, im sticking to my plan and riding the storm.
Please like and follow along for constant XAUUSD updates
have a great evening wherever you are
tommy
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 Outlook 27/6/23 i'm not trading these days anymoreGood evening gold gang! hope you survived another day in the range! I have taken the decision to finally
stop trading none news days. The volume just is not there and we are prone to fake outs, much like bank holidays. So i'm going to just stop trading them, and i suggest you do too!
I started off in london with a perfect breakout to be faked out in an area where price had no business turning around, launching upwards in line with the dxy down trend. It happens! .. then my sell stop was not activated in NY due to lack of volume, so overall a frustrating day in the xauusd markets.
Onto tomorrow!! we have some lovely news folders all day tomorrow that should shift us hopefully out of this range we have lived in for the last 4 days.
buys and sells are on as per yesterday .. the sells are better around the green box and the buys are certainly choppy but with volume, should sail through.
If you have the same experience as me with no news folder days being frustrating, leave me a comment or a dm. Id love to hear
other than that .. follow along for constant updates on my trades and leave a like .. it means a lot
catch you tomorrow in london
tommyXAU
XAUUSD 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 Outlook 26/6/23 nothing to report ... 🥲What is up gold gang, hope you are well and rested, ready to smash gold with me once again. We made some beautiful pips last week, let's get a repeat this week and finish it in the blue.
XAUUSD right now is in a very sloppy range where there is no direction on price from the HTF or the DXY. We need some candles to play out in the coming sessions to get us back into a trend. No news tomorrow too so that could get tricky!
Price is still hovering at my monthly level, respected it beautifully but failed to break the 1934. We need price to break out of this range of 1934 to 1914 to see some nice trending markets once again. Im confident we will see it moving again this summer.
Buy, Sell and reversal points are on the charts for you to take a note of. Sells will be better below the green zone if you want to play it safe. Buys should be straight forward too but we need the magic V word in order to take them .. (VOLUME!)
Thats the best part of trading to me, is the fact that the markets are never the same year after year, and we have to adapt to what they give us. I love this game!
Ok guys, see you in london session!
Please like, follow and boost to keep up to date with my XAUUSD trades as they happen.
tommy
XAUUSD: Today with PMIThe price of gold (XAU/USD) faced selling pressure around $1,917.50 during the European session. After a brief decline, the precious metal is expected to drop further to an intraday low at $1,910.00. The sell-off in gold was triggered by the positive performance of the US Dollar Index (DXY).
S&P500 futures have extended the significant losses seen in the Asian markets to Europe, reflecting a risk-off sentiment. There are concerns about global growth prospects as central banks continue to tighten their policies, raising fears of a recession.
XAUUSD Outlook 23/6/23 ... I was wrong Good evening gold gang! Hope you are well and caught the sells with me today.
I was wrong!! .. we never got the pull back. Gold had its own ideas and chose violence today pushing down to the key monthly level. The last time we saw this level was march, and we started a push up from here. Lets see what we get tomorrow!
DXY still in the downwards channel that has now reached its high .. so im still expecting the pull back, it may just be a day late lol
Sells have a clean weekly candle to fill should be get them activated .. will be a strong move for sure. Buys, that im favouring, are a little choppy with plenty of wicks on the hourly. Be aware and only enter at peak volume times around the opens.
A note to say its ok to be wrong in the markets, there are plenty on social media as a whole that claim they are never wrong .. that is a fabrication. This game involves loss, constantly. Its up to you how you deal with them.
Sometimes the market just does what it wants .. nothing we can do about it! Move on to the next .. thats how i view losses in my 4 year career.
Ok gang, please follow me if you are not already .. im the realest trader on this platform sharing what i know for free! .. hit me a like too while you're there!
see you in london
your mate Tommy
XAUUSD Outlook 22/6/23. Im bullish and here's whyGood evening gold gang! another great day on the XAUUSD chart with targets met. I couldn't get in a trade other than a small scalp this morning as the stop losses were too big, but the analysis was correct again .. which is always a bonus.
The HTF and DXY tell me that gold is ready to pull back. We have a huge 4hr rejection and dxy has closed with no bottom wick indicating it wants to push down, so ill be looking for buys tomorrow in london and ny.
I have set my levels for buys and sells .. the buy level is very clean and should not hit much traffic if we get a close in there .. sells we have the 1920 level with some traffic so make sure you manage risk around there to save getting stopped.
Please, if you're not already .. follow along for constant XAUUSD updates and hit the like button, i love seeing that my work is appreciated and i hope im helping you guys on your trading journeys.
catch you in london
tommyXAU
GOLD (XAUUSD): Bearish Outlook Explained🥇
Traders,
The price action on Gold is very bearish now.
The price keeps setting lower lows and lower highs.
The market set a new lower low yesterday following the Powell's speech.
It feels like the bearish trend will continue.
Next goal - 1908
❤️Please, support my work with like, thank you!❤️
XAUUSD Outlook 21/6/23 See how i caught the sells 📉What is up gold gang! hope you had a great day in the sells!
The reason for taking them was: ..
Price was at my level
Price made a strong move up to touch it
15m rejection candle
Entered on the break of the candle. Simple.
We had a bit of news that helped the market move in our favour and it ended up running 200 pips. My classic entry model was there too a little later on. Congrats if you got in!
Tomorrow we had JP chatting his usual waffle, so we will get some volume around that time! In the mean time im expecting a pull back to at least 50 percent of the move from today. Price has closed very bearish underneath all the wicks from the previous month worth of price action. A pull back would be likely at this point.
Buys, sells and reversal points are all on the charts awaiting your gaze. 1930 is a problem area in the sells, if you like you could wait for a close below there. The buys are very choppy .. so be careful up there, stay frosty with the risk management.
Thanks for reading guys .. please hit the like and boost button for me! and follow along to be constantly updated on xauusd
tommyXAU
XAUUSD Outlook 20/6/23 Where is the volume? 🔊Good evening gold gang! WELL DONE to everyone who caught the reversal buys in london, perfection.
Price came down, tapped the level to the pip and after a little consolidation, broke away and provided us with an entry to go long for 30 pips. Lovely work.
NY session was a little flat as expected. Sells were there with a difficult entry point but ran for appx 50 pips. Bank holidays are the worst lol
Onto tomorrows session, firstly, no USD news. Which is going to effect us. So stay frosty!!
buy zones, sell zones and reversal points are all on the chart for you to work with. DXY making higher highs looking to fill the imbalance left, so im expecting some downside for gold in the sessions coming up, but as usual, we're ready for whatever happens.
Im glad to be back writing these for you guys, i really look forward to them. Like and follow along if you're not already for more XAUUSD updates
have a great evening and session, see you in london
tommy
Gold Detailed Trading Signals!Gold Looking at the daily line, gold has weakened the support at the bottom of the downtrend. A close above the trendline at the top of the pennant (around 1967) would be a sign of strength. Gold Looking at the 4-hour line, gold prices are in a two-week-old falling wedge-shaped bullish technical formation. A bullish crossover on the MACD indicator and a U-shaped reversal in the relative strength index (RSI) from oversold territory added strength to gold's recovery hopes. The 200-period exponential moving average (EMA) adds strength to the upper edge of the wedge, making it harder for gold to cross the 1968 barrier.
On the whole, it is recommended to treat more shocks in the evening gold operation!
Gold night operation strategy:
Long and single strategy: 1958-1956 long, stop loss 1949, target around 1970;
Short order strategy: 1970-1972 short, stop loss 1978, target around 1959.
gold will continue to rise6.16 Analysis of today's gold market trend:
After the confirmation of the rise of gold on Thursday, the change of strength and weakness has not been formed. This kind of trend ushered in the outbreak of bulls again. Since the bulls and shorts failed to change, then, gold will still maintain a bullish trend in the near future, which is undoubtedly bullish.
What needs to be noted in the session is that the daily line cycle has a false breakthrough. Although the decline pierces the lower track of the daily line Bollinger, the positive k-line after closing up is firmly above the lower track of Bollinger, breaking through the middle track of Bollinger with a big positive line , and today's k-line is also standing firmly on the Bollinger middle rail, so today's gold is absolutely strong, and the upper Bollinger rail high point of 1980 or 1985 (the starting point of the previous decline) can be seen above.
In the H4 cycle, Gold Lianyang is rising, and the high point on the upper track has not been tested yet, so there is no opening at present. To be bullish, you need to look at the gains and losses of the high point on the upper track at 1968/1970, and then see whether Bollinger will open. Therefore, the suppression point within the day It is also relatively clear. The first high point focuses on 1970, and the second high point focuses on 1980. During the Friday time period, it is expected to continue its strength, rushing to the suppression point and then falling back. The small cycle determines the entry and exit of specific transactions. After the first wave rose to 1960 on Thursday and fell back to 1951, it was weak. The actual support was at 1950. Therefore, the key point of today's strength is at 1950, and the support for rising and falling again at midnight is at 1955. Therefore, the strong support is at 1955, then, the actual transaction can be placed above 1955 or 1950 to do long, and the specific situation is combined with the intraday pattern. Whether the high suppression point can be long needs to be considered in the US market
6.16 Gold Strategy: If it goes up, it is recommended to rebound to 1968-1970 and short, stop loss 6 points, target 1960-1955 break position can be held; if it goes lower, pay attention to 1955-1950 support and do long, stop loss 6 points, target 1965-1970 break position can continue to hold
Gold Today - Scalping in a downtrendThe price of gold is currently hovering around the $1932 mark, showing a downward trend over the past three days. The actions taken by the US Federal Reserve (Fed) caused some volatility today but were unable to reverse the downward trend of XAU/USD due to the hawkish trend.
It's worth noting that if the price drops below $1,932, it could quickly reach the 50% Fibonacci retracement level of the XAU/USD rally from November 2022, which is around the $1,900 mark.
However, there is an ascending support line around $1,895 that could pose a challenge to the bears in the gold market.
As mentioned yesterday, I implemented a selling strategy at $1955 and took profits at $1930. Currently, I have a buy order at $1930 in hopes of reaching $1945 and $1955.
Given this range, it might be a good idea to continue setting up a sell order for gold in order to profit around $1915 and potentially even $1900 in the near future.
CPI forecast with mixed opinionsRecently, central banks have been instrumental in supporting the value of gold. Their interest in purchasing precious metals has reached new heights, playing a major role in stabilizing gold prices.
Despite this, the US Federal Reserve continues to hold a significant position in the gold market, and many anticipate an increase in gold prices once the current monetary tightening cycle comes to a close.
Gold is currently selling at $196.20, which is the 23.6% Fibonacci retracement level of its most recent daily drop.
This indicates a potential downside risk and suggests that the lows of $1932.00 may be tested monthly in May.
The daily chart reveals that gold is positioned below the bearish 34 and 89 EMAs, with its slope extending below the aforementioned Fibonacci level.
Today GOLD - Volatility In Big FrameGold prices saw a decline on Monday after hitting a five-day high of $1,973 on Friday.
However, prices remained within last week's range, as investors turned cautious ahead of the US Consumer Price Index (CPI) and policy announcements of the United States Federal Reserve.
The bearish 89-day Moving Average (EMA) has been causing rejection, with the 14-day Relative Strength Index (RSI) below the midline, indicating a bearish bias in the near term.
However, a daily close above the 89 EMA could eliminate the possibility of a drop and trigger a new uptrend towards Friday's high of $1,973, with a challenge to the June 2 high of $1,983. Additionally, Gold buyers will aim to reclaim the resistance at $1990.
XAUUSD Outlook 12/6/23 Big news week!What’s up gold gang! Hope you have had a great weekend and are ready for a big week on the gold chart.
I’m currently away on vacation and back later this week, but I’m still getting the outlook out to you in between the beers.
Ok, we have copious amounts of red folders this week so expect some volatility. Expect my levels to be broken and respected in the spikes. You know the drill.
I’ll update where I can guys but I’m having a well deserved break from the charts before returning to rinse them once again. Life is about balance guys, in my years in the construction industry, I’ve spent family time asleep sat in the chair as I was too tired from over working. Make sure you work hard but never forget to rest and appreciate what you have
Thank you for the follows and likes, I appreciate all of you
Tommy