GOLD (XAUUSD): Key Levels After FOMC🥇
As I predicted, Gold bounced yesterday.
Here are the updated key levels for you to watch.
Horizontal Key Levels
Resistance 1: 2065 - 2075 area
Support 1: 2004 - 2015 area
Support 2: 1968 - 1982 area
Support 3: 1943 - 1956 area
Vertical Key Levels
Vertical Support 1: rising trend line
Consider these structures for pullback/breakout trading.
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Goldtrader
XAUUSD 3/5/23 Outlook FOMC?Good evening gold gang .. hope you have had a good trading day.
We got the buys yet again in a massive move up due to news. Target broke into the buy zone and rallied 100 pips to the target to hit it perfectly .. boop. Another one. Congrats whoever grabbed it.
Onto tomorrows big news day!! Im sure we will get consolidation tomorrow in light of the news .. im not a huge fundamentals guy .. id like to learn if someone had some decent learning material for me? lemme know in the comments .. so i like to let the move play, and react accordingly whichever way we go.
Id like to see pull back asia toward that blasted 1993 level price has loved for the last few weeks .. there we will await the news and blast off either side .. but we have to be patient.
The buy position i have has a problem area in the middle where price can react from .. if you take profits and BE your trade, you shouldnt have a problem. The sells should be straight forward towards the 1993
DXY having broken out of the downward channel is making HH and HL on the 4hr indicating dollar strength. This usually means gold weakness so im favouring the pullback.
Either way, use correct risk management guys no gambling here. Take what the market gives us, not what we expect.
Stay frosty out there .. please like and follow along for more gold analysis
tommyXAU
Gold (XAUUSD): Technical Analysis Ahead of FOMC 🟡
For the last 3 trading weeks, Gold was trading within a horizontal trading range on a daily.
The price formed a high momentum bullish candle and close above the upper boundary of the range yesterday.
Technicals currently are supporting bulls and I believe that the market may bounce to 2040 level easily.
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XAUUSD 2/5/23 Outlook .. big Wednesday?Good evening gold gang! .. hope you had a good day on the charts.
The forecasted buys were there around half 1 gmt and ran straight to target .. congrats anyone who jumped in there. Price then proceeded to drop straight back in to the range for the rest of the day doing nothing much .. which is typical of a heavy news week.
Wednesday is the FOMC meeting and this could be a huge catalyst for xauusd to either move up to target the 2000s again or down to the 1970s depending on what impact it has on the dollar. This should rid us of this range.
Buys and sells are on the chart and ill update you as the day progresses tomorrow .. but in all honestly im not expecting much. Ill be here if you have any questions .. please like and follow along for more xauusd updates and trade ideas
An off topic thing while i got you that had me thinking today .. i got a comment earlier saying i won't get anywhere using this breakout strategy and will likely blow my account .. it made me think that why do people think that their strategy is better than mine or vice versa? All strategies work .. they're all individual to the person .. and if you have enough proven data, then what is the problem. Anyways my trade won again today and that guy is looking like a toilet.
The point is, focus on your self and perfect your craft. Don't focus on the next social media lambo driver .. trading is possible for everyone if you are disciplined.
Be excellent to each other - bill and ted
TommyXAU
XAUUSD 1/5/23 Outlook. Pullback? Good evening gold gang!! hope you have all had a nice weekend. Im back with the analysis for the first day of May! (justin timberlake meme)
Ok price is still in the range higging the 1993 level .. this level has been respected so many times last month and is proving to be of huge importance to the powers that be. However, the monthly has closed above the previous!! which is very interesting to me
This means that price is likely to move up but in order for it to do that, we will need some kind of pull back.
As usual im ready for whatever scenario, so we have buys and sells on the chart. The buys above would be nice but the range above the target is very tasty with no problems.
FOMC news on friday, its possible we may range again this week awaiting it .. but then we may see big moves in price and this could be the catalyst needed to move up. Lets find out!
If you like my work then please drop a like and follow .. i appreciate ya
tommy
Gold (XAUUSD): Bullish Outlook Explained 🟡
Gold is trading in a bullish trend.
After the price set a new higher high higher close on a daily, it retraced.
The market is currently approaching an expanding demand zone based on a falling trend line and 2 horizontal supports.
I will expect a bullish continuation from that to 2040 level.
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XAUUSD LONG?The price action of GOLD still very strong.
Higher high and higher lower, having very healthy uptrend and the support at 4H vegas. I am going long at 1989,
TP around 2070
SL at 1964
but we have to beware for the SUPER resistance somewhere around 2075
this resistance we can find it from since year 2012.
For reference, not financial advice.
XAUUSD 26/4/23 Outlook, wait for the range to breakGood evening gold gang! I hope you are well.
wow pretty boring day up until this evening on the gold chart! .. lets start off with last nights Asian session, buys were there and a few of you managed to grab the 50 pips before price reversed in London. Price then flip flopped up and down for the rest of the day up until around 18.00 gmt where we got volume and a close above in our zone. BOOM 100 pips there for the taking .. i did not enter as it was outside my usual trading hours. Discipline.
Ok on to tomorrows outlook .. I’m looking to wait now for price to break out completely of the range. As marked, its very messy near current price so i would not want to be caught up there in a position.
Price is very clean above 2012 .. so ill be hanging in there for that. Sells back below the 1973. It’s a huge no trade zone but the rest of the price is too choppy for me to risk capital.
Thanks again for the likes and follows .. means a lot. Please smash the like on this and ill catch you in the London session
TommyXAU
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
GOLD (XAUUSD): What to Expect This Week? 🥇
Gold is trading in a bullish trend on a daily.
After the price set a new higher high, the market started a correctional movement.
I will expect the next bullish wave from the confluence zone based on a broken trend line
and 2 horizontal structures: 1984 - 1991 support and 1943 - 1956 support.
Goal for buyers will be 2038.
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Start today and complete 300% of our revenue target for the weekGold is currently in a revised market after a sharp drop. It is currently trading near 1981, but the overall rhythm is still in a short trend. At present, gold is running in a small area. Don't directly chase short or rise in trading.
1.Below, first pay attention to the support near 1970, and if you effectively break below the 1970 support, you will see the bears continue to the 1950 position.
2.Above, first pay attention to the 1988-1992 resistance area, and further pay attention to the 2000-2004 resistance area.
Gold may experience false breakthroughs at the integer threshold. At this time, we must pay attention to the signals released by the K-line to identify the true or false market breakthroughs.In this way, the accuracy of trading signals can be ensured.
In addition, in the last week of trading, we achieved a record of consecutive wins and zero losses. Starting from today, our revenue target for this week is 300%. Remember to pay attention to and follow the detailed trading signals in the channel. I am also very happy to make more profits with you.In addition, for the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it's a friend who has a trading order quilt, or a friend who has recently lost money in a row, I have the real strength to help you solve the quilt, or satisfy your desire to make money. Welcome everyone to visit the channel!
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
Gold (XAUUSD): The ZONE to Watch Next Week 🟡
Gold was consolidating this week.
The market was trading within a very narrow range.
The Friday's candle closed, approaching the expanding zone of demand based on 2 horizontal structures
and a broken falling trend line.
I will expect a bullish wave from that zone.
Wait for a confirmation to buy from there next week.
Goal will be 2038
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XAUUSD 20/4/23 Outlook. My reasons for being bullishGood evening gold gang! hope you have had a good day and caught the sells with us. Beautiful analysis.
Ok on to tomorrows out look .. firstly news, we have unemployment claims tomorrow in NY .. so dont be surprised if gold consolidates the key price point for a while. Speaking of which .. if you look on the daily, we have not closed below that point all week .. just rejection upon rejection. This says to me that we still could go up again .. and the news tomorrow maybe the catalyst required for us to do so .. stay tuned!
I have my sell price placed at 1983 with the target at 1973 areas .. nice clean traffic there for price to plunge down should it do so
buys above the messy range at 2012 area with a target of 2021. If price were to rocket up with news, then i will update during the day of any new targets we can look for
Thats it for tomorrows outlook .. thank you all for the follows and likes on my work. Im happy im being of service.
Please like and follow along for more xauusd updates
tommyXAU
XAUUSD 19/4/23 Outlook .. pls readGood evening gold gang!! hope you have had a good day.
The days analysis was good and upside targets met, but no trades taken other than a very small profit. The reason for this is we got a closure above the level but price stalled for a full hour (which was not fun) so i exited the trade as this can mean rejection. Price plummeted down to grab more orders from my major level and then 200 pips to the upside to hit the original target. A small win is better than a break even and ive had a few messages from traders that took the trade and profited .. well done!
Onto tonights asian and tomorrows london and NY outlook ... Ok DXY is still trending in a bearish channel, this means we should see some gold upside .. so i have placed my buy orders at above 2012 with the target there at 2021. Look out for the 2015 problem area .. it may be better to wait for it to close above there as its a previous strong zone.
sells are down at the 1993 .. that is a very strong level and is well respected .. any closure below there should see strong downside.
No major news for us tomorrow so there may not be huge moves .. but we are only looking for 100 pip ranges .. 100 pips is massive by the way!! .. thats just my style. Im not into fortune telling predicting the price of gold in 6 months.
have a nice evening wherever you are .. catch you tomorrow for updates on this post.
Tommy
XAUUSD We caught the sells and 18/4/23 Outlook Good evening Gold Gang! what an amazing day on the gold chart
The first sells came after the forecasted fake out of the key level .. i entered as soon as i saw a bearish candle form after the rejections at key level .. i rode it down to the next level and then price continued again. Both levels forecast and its amazing to receive messages from traders who took the same trades as me.
For tomorrows price action, price has rejected the major key price level of 1983 with a huge wick. Id like to now start to move upwards to correct the bearish drops. This could be the beginning of the all time high run .. but we will need a biiig news catalyst for this to happen.
Sells below the previous close but be aware of price at 1979 as there may be a reaction from there.
Have a great evening guys, please leave a like and follow along for more xauusd updates
tommyXAU
GOLD - BUY ENTRY - WHY Im BULLISHGold had a pretty nice price correction, it closed daily under resistance, so you are preparing a BUY in the 1973 area, the big trend is a BULLISH one (blue line).
The problem with the banks still persists and good news from this sector seems to stop appearing, which makes trust in the Banks still very low.
So I will wait and enter BUY.
XAUUSD Huge buys and Asian outlook Good evening Gold Gang! hope you are doing well
Wow another great day on the charts with buys in both london and new york sessions! Negative dollar news shot price up leaving sellers in the dust. Both trades called in my analysis and it was nice to receive messages from traders that took them. Well done!
Ok as for tonight and tomorrow, gold still bullish obviously but is ready to pull back in my opinion .. it has to. So i have my sells set for below 2031. Its not the cleanest range with a big of traffic in there, so stay frosty and take profits on the way.
Buys for me are not at my level, but a little further up as those highs at 2043 are very strong and will need clearing before entering.
Its friday! so be aware of any usual gold mischief .. use tight risk management and dont be afraid to pay yourself!
catch you in the morning for updates .. thanks for all the likes and new follows .. nearly 600 now thats insane. Welcome!
tommyXAU
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
GOLD FOMC updated 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 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