1945 or 1985? Where is the destination today?On Friday, the gold and metals markets remained stable and were expected to experience a second week of growth.
This was due to the dollar weakening and predictions that the Federal Reserve would halt its rate hike cycle.
The yellow metal had its highest intraday gain in two weeks on Thursday, reaching the highest end of a trading range seen since mid-May due to an increase in weekly US jobless claims, which further supports the idea of a Fed pause.
In the short term, it is highly likely that the price of gold will reach $1985 as soon as it breaks out of the $1970 price zone. It is recommended to establish a breakout order at this price zone. Furthermore, based on the multi-frame chart, a bullish momentum is still warranted.
Goldtrader
XAUUSD OUTLOOK 9/6/23 No real direction (please read)What’s up gold gang! Another amazing buy today as forecast. Beautiful.
I’m away on vacation currently but I’m still around to forecast my baby XAUUSD to help you all grab some pips.
Overall I believe we are in a big range with no real direction .. it’s like the market is waiting on some kind of huge news to propel us into some trend .. im sure something will pop up soon, but for now, we are playing the range.
Buys and sells are on the charts, my advice is to grab small pips where you can as the market is very unpredictable currently .. I’ll update where I can whilst I’m on vacation.
Please like and follow along for constant gold updates
Tommy
Gold trading recommendations today
The current key pressure position is the 1957 position, which is the market pressure position and the moving average suppression position! Today's rebound relies on this pressure to continue shorting. The support below pays attention to whether the 1930 line breaks. If it breaks, the market will start a new round of decline!
Trading straregy:
gold: sell@1955 tp1:1940 tp2:1930
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD Outlook 8/6/23. This is interesting ..Good evening gold gang .. another winning analysis today even thought the price was difficult to enter on until the news this afternoon.
Price hovered around the key level until shooting down in London and reversing .. then spiking up above the zone before falling all the way down to my sell zone and closing heavily bearish.
What is really interesting is that price spiked up to the exact price that oanda “glitched” to last Monday with them claiming it was an error .. there are no errors in the world of finance.
Did oanda show their hand by mistake? We will never know I’m afraid lol
Buy zones and sell zones are placed on the chart guys looking for closures as usual.
Im travelling tomorrow so I won’t be on the charts often until after New York session as I’ll be in the air.
Catch you tomorrow guys, follow along for constant updates and smash that’s boost button!
Tommy
Gold is at fare value to buyIn one day time frame we can see a w pattern is forming and trading. And gold is trading at a fare value my view is to buy some quantity.
After breaking the neckline of w enter as your risk.
With a small stoploss.
Buying zone Target and stoploss everything is mentioned in chart.
It will take around 1 to 2 months to reach Target 🎯
Gold trading recommendations today
Gold rose directly with marginal support yesterday
Looking at the 4-hour cycle, the price of gold is still below the trend line. On Friday, the price of gold touched the downward trend line, and gold plummeted even more, putting pressure on it. It is easy to see that gold is now in a oscillating trend, because the high and low points extend horizontally, and the gold price shuttles back and forth on the moving average, which has ruled out the unilateral trend, and now it is a oscillating trend.
Based on this, I judge that the price of gold is in a volatile market in a downward trend. Sooner or later, gold will fall below and start a plunge mode.
Trading straregy:
gold: sell@1961 tp1:1951 tp2:1946
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
GOLD is trying to get out of controlThe Federal Reserve has stopped raising interest rates, which means that assets like gold may have higher rates for a longer time.
Gold has not seen much demand as a safe haven in the past month, but a potential recession in the US and Europe could change that.
Buyers are optimistic due to a positive chart pattern and sustained trade in XAU/USD above the EMA at $1954.
The RSI (14) supports this uptrend, but there is limited room for growth.
The price range of 1966-1952 is narrow, and it may increase during the Eurasian session. However, volume management is important, and an absolute stop loss is recommended during strong market fluctuations.
The strategy for selling around 1975 and buying around 1950-1945 has been indicated and can be applied accordingly.
XAUUSD Outlook 7/6/23 So many rejections ❌Good evening gold gang! Well, we got the 4hr pull back and rejection trade. Congrats if you got it too.
A relatively slow day for gold today as there was no USD news. Price tried and failed multiple times to break and close with conviction above the 1963 and on the open of the new 4hr at 14.00 .. rejected it properly and thats when i entered. Price came down 6 pips short of target and reversed back up to the 63 once again.
This shows how powerful my levels are when price sticks to them so well.
A close above the 63 and its wicks .. better entry marked in green .. would be great for buys up to the target. Sells are in the same spot with nice clean traffic to move down should dxy soar.
Its another weak news day tomorrow other than some orange folders in the afternoon .. so lets see what we get for volume.
Good luck gold gang! make sure you are following along for constant updates during the day (you'll get notified)
any questions, bang them in the comments and ill answer you.
tommyXAU
XAUUSD Outlook 6/5/23. 4H Pullback? 📉Good evening gold gang! hope you are all well and had a good day on the charts catching sells and buys with me!
Ok the initial sell in london was nice after a push in asian .. managed 50 pips before price struggled to break that 1938 which is very strong! .. 4 candles could no do it. News came out bad for the dollar and we got a push up, a close and an entry long catching 100 pips up to the second target to the tee!! Amazing work.
Price is currently at one of my levels leaving a nice load of clean candle to the left just waiting to be filled. Reversals from this area are valid, just use confirmation to get in.
As for the rest of the session, there is no clear direction as of yet. AUD news in the asian session could boost us but there is no USD news tomorrow so we could be in for a quiet one ..
Buys and sells are there on the chart for you to note .. both zones clear and ready to be taken providing we get the volume.
Thank you for all the likes and follows .. appreciate you all! lets make the gold gang the biggest community on here!
see you in london
tommyXAU
What to Expect From Gold on Monday? 🟡
Gold is trading in a wide horizontal trading range on 4H time frame.
After the test of the upper boundary of the range, the market dropped sharply
following the NFP release.
I believe that the market will most likely keep falling to the support of the range.
Next goal for sellers - 1939.
Consider an occasional pullback for safe entries.
❤️Please, support my work with like, thank you!❤️
Gold trading recommendations today
The gold Yinxian fell below the 1-hour mid-track, which is the best signal for the end of the bulls, which is to be shorted, but this cannot determine the low point, so we can only use other methods to continue to hold short orders
Although there is a bottom structure, gold has not yet tested whether the neckline support is effective. Moreover, the price of gold was suppressed by the daily pressure level yesterday, and it plummeted by 15 US dollars in a straight line, which shows the great pressure.
Trading straregy:
gold: sell@1962 tp1:1952
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD Outlook 31/5/23. Very strange price action 🤔Good evening gold gang! hope you are well and survived todays price action.
We started off with a 100 pip fall down to the key level in asian session .. the first in a while with any volume. Then a correction in London followed by a push through for a total of 400 pips of movement, 300 in once direction.
A nugget here for you guys, Gold normally moves in corrections. What i mean by that is if it runs one way in london, you will usually see the reversal in NY. shh. Dont tell anyone
My zones and targets were met, but not tradable as the price action did not line up. The 1m strategy, which im calling Gold Gang Concepts , did well and i managed to bag a few pips with it. Not bad.
Ok the zones for tomorrow .. the buys are very nice with clean traffic to the left .. nothing to stop it hitting target should we get a close up there.
Sells a little further away at 1944 to allow room for anything untoward in asian.
We are ignoring the spike up from Monday as ive put on the charts.
Ok gang happy trading .. shoot me a comment if you have any questions and follow along for constant updates during the day.
TommyXAU
GOLD (XAUUSD): Key Levels to Watch This Week🥇
Here is my latest structure analysis for Gold.
Support 1: 1932 - 1940 area
Support 2: 1885 - 1890 area
Resistance 1: 1952 - 1957 area
Resistance 2: 1984 - 1985 area
Resistance 3: 1998 - 2010 area
Resistance 4: 2034 - 2048 area
Resistance 5: 2079 - 2081 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
Gold trading recommendations today
Gold rebounded but 1950, continue to be short
The current decline of gold is still the same, the rebound is not under pressure, and it will continue to make new lows after the shock! Relying on the key pressure position is short
The current gold is undoubtedly still in a downward trend. On the 4-hour level, gold fluctuates all the way down! And it keeps breaking new lows, and the high point connection forms the suppression of the current downward trend line! It is also the key resistance of this rebound!
Before breaking through the suppression of the downward trend line, gold will continue to fluctuate downward, and will continue to break new lows! The longer the shock, the stronger the explosive power!
Trading straregy:
gold: sell@1950 tp1:1935 tp2:1925
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold trading recommendations today
The current decline of gold remains unchanged, and the rebound is still a short-selling opportunity! The pressure in 1957 above is obvious!
The current gold is in a downward trend. Shorting is the only strategy at present. The thinking is clear. The remaining execution points rely on key pressures, and we should deal with them immediately!
From the perspective of the 4-hour level, gold fluctuates and fluctuates, and after each shock, it will break a new low! Mainly operate at high altitudes, relying on the suppression of the downward trend line, and the upper horizontal pressure of 1957 to dry up, continue to look at new lows!
Trading straregy:
Trading strategy for next week:
gold: sell@1957 tp1:1950 tp2:1940
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold trading recommendations today
The current decline continues, without any upward signals and rebounds, and the rebound is an opportunity to short again! The 1954 pressure position continues to be shorted, and the 1950 can be directly shorted
Trading straregy:
gold: sell@1954-1950 tp1:1940 tp2:1930
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
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.
USDJPYas we look at the chart usdjpy, and see on weekly where it drop after reaching 151 price line market has return where it breaks out as seen on the chart with trend line my conisidration is that look daily chart and get confirmation on 1h chart frame for long sell. this is not financal advice. #usdjpy
Gold is now bearish and lower support is looking towards 1950
Gold bulls are fighting hard, the 1980 bulls are fighting for white, is there a V-shaped reversal
Now gold is still a bearish trend, but it is supported by the early stage, adjusted and oscillated, the pressure above is the 1985 position, under this position gold is mainly high!
The support below focuses on 1950, and the short-term market may maintain the 1950-1985 range, and the range of volatility will gradually narrow until the next change! But the idea of high altitude remains unchanged, unless the market breaks through 1985 strongly!
Specific policies
sell@1980 tp:1960
Some wealth is planned, rather than always thinking about windfalls. Follow me, follow the right people, and work hard to reap the profits that belong to you.
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