Goldtrader
XAUUSD New quarter! can we get the correction now please? Good evening gold gang! its been a while .. ive had nothing to report as price has been so bullish.
We are currently wayyyy out in space. No clue on whats gonna happen .. we just have to wait for price to come back to a probable zone in order to make informed decisions. There may be a gap at open .. lets see if that gaps down or not. If it does .. we can mark and entry for when it fills it.
Other than that .. we got to wait!!
Breaks below the 4h trendline for confirmed sells and a possible long term hold. Buys are 2206 or 2190 .. lower time frame confirmation required.
Have a great week gang!! im active on socials or dm here if you want to as me anything
Catch you in london
tommy
Gold to close above $2200 this week or next? Gold to close above $2200 this week or next?
Examining the daily gold chart, it appears there's a potential bullish flagpole pattern forming, indicating a possible forthcoming breakout. If this pattern unfolds, gold prices could rise. This week, gold attempted to breach $2,200 but faced rejection, dropping to $2,080 before rebounding above $2,190.
However, market sentiment may be turning cautious ahead of significant US economic data releases in the shortened holiday week, including the GDP Growth Rate, Core PCE Price Index, and Personal Spending. Despite this caution, if the GDP Growth Rate falls from 4.9% in the previous quarter to the expected 3.2%, it could reinforce expectations of a June rate cut by the Federal Reserve, as the market anticipates. This could potentially increase demand for gold and boost its price.
If this week's data doesn't serve as a catalyst, attention may shift to next week, with JOLTS Job Openings scheduled for Tuesday and NFP on Friday (US time), potentially providing further market insights.
XAUUSD Bearish going into the new week. Heres why .. good evening gold gang! tis i .. lord tommy back from the weekends debauchery.
Price closed at my algo level exactly breaking the 4hr support! This could mean we are in for a bearish couple of days while price makes its way down to the cheaper areas for big boys to buy in
We have an unmitigated 4h sell zone at the top there if price can make its way up .. i will sell there
for buys, im gonna need price to break the algo and head down.
We need to see some price move first!
lets meet up in london 06.00 to find out
catch you then
T
GOLD (XAUUSD): Your Trading Plan For Next Week Explained 🥇
This week was very slow for Gold.
The market was consolidating after setting a new all-time high.
Here are potential scenarios for next week.
If the price drops and closes below 2144 level on a daily,
it will confirm the strength of the sellers and a correctional movement will be anticipated
at least to 2090 level.
Alternatively, a bullish breakout of a falling trend line on a 4H time frame will be
an important bullish confirmation.
A retest of a current high will be anticipated then.
Patiently wait for a breakout next week,
that will be your trigger.
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XAUUSD Analysis was perfect. Can todays be the same? Good morning gold gang! Yesterdays sell zone was bang on netting the gang 70 pips!
We closed respecting the engulfing on the daily time frame so we may be looking at sells today
I have found 2 possible zones one to buy one to sell
check them out and put them on your charts
follow me on socials for live updates
T
XAUUSD We caught 200 pips on CPI!! good evening gold gang .. i know ive been slow with the analysis lately .. but there is literally nothing to analyse as price continues to fly!
We have finally had a daily close bearish, so we may be creating some workable price action
The CPI move came up to my sell level perfectly and dropped heavily with positive dollar news ... amazing!
Price is at the buy zone right now so lets see what it does at the potential sell zone ... if that zone breaks .. then we will make another ATH
im always availble on socials to trade the current price action .. dont be afraid to reach out
catch you in london
tommy
Gold to set record high after CPI tomorrow? Gold inched higher on Monday, hovering near its all-time high after a remarkable rally last week. Now traders brace for U.S. inflation data that could offer insights into the Federal Reserve's stance on interest rates, and the direction for gold.
Spot gold is currently trading around $2,181.47 per ounce, following a record peak of $2,194.99 on Friday, propelled by U.S. NFP market data that fueled expectations of a rate cut. Traders are currently factoring in a roughly 70% chance of an interest rate cut by June.
The forthcoming inflation data holds significant weight, with the potential to sway the gold market's direction. Expectations are for annual inflation to remain unchanged from the previous month’s 3.1%.
If the data comes in hotter than last month's report, it could pose challenges for the gold market and potentially lead to some near-term selling pressure. Conversely, softer data might propel gold to new highs in the short term.
It's worth noting that the RSI indicates the gold market is currently extremely overbought.
XAUUSD No sells until this price level good evening gold gang! its that time again
wowwwww what an insane week last week .. i stopped analysing as it was trending so dang hard it was just buy every pull back lol
I wonder what we will get this week as dollar is still in freefall .. could we see higher pricing? i think we can
I wont be looking at any sell until the 2207 projected algo level. Then i can wait for confirmation and take a short ... other than that its buying from further down
as usual .. lets let the price play out and make informed decisions from there
stay safe out there gold gang and stay frosty
tommy
Gold: Risks after hitting all-time high?Gold: Risks after hitting all-time high?
Gold prices have been on the rise for the last six sessions, gradually approaching the December high of $2149.00. This recent uptick followed Federal Reserve Chair Jerome Powell's reaffirmation that he thinks it would be sensible to consider reducing the Fed funds rate at some point this year, with the condition that there is increased confidence in inflation steadily reaching the 2% target.
Looking at the daily chart, gold currently sits comfortably above its main support, the 20-day moving average at $2041.00, making it susceptible to a potential reversal. Alos, Gold might be prone to downward pressure once the Euphoria from Jerome Powell's recent testimony fades, and the market realizes that the Fed is not actually in any hurry to lower interest rates.
Now, Spot gold is priced at $2,150.00 per troy ounce, hitting a new record high. Extremely overbought conditions have become more obvious.
Economists at ANZ Bank suggest that the primary driver behind the surge in gold prices is the Fed's shift from a tightening to an easing monetary cycle. They also anticipate that elevated geopolitical risks and central bank buying will contribute to pushing the gold price to $2,200 by the end of the year.
Interestingly, palladium has crossed the $1,000-an-ounce mark, recording gains of over 10%.
GOLD (XAUUSD): All Time High Soon?! 🥇
Gold successfully broke and closed above a key horizontal daily resistance yesterday.
Our next strong resistance is based on the All Time High.
I believe that the market will keep growing to 2140 level.
I really want to see a pullback first though, to buy the market on a retest
of a broken structure.
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GOLD (XAUUSD) Important Key Levels & Your Trading Plan 🥇
Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily.
The market closed on a key horizontal daily resistance.
Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation.
Wait for a confirmed breakout to buy.
Alternatively, we may see a pullback from the underlined structure.
I will monitor a price action on Monday and look for a confirmation to catch a pullback trade.
Let's see how it unfolds!
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XAUUSD ALL TIME HIGH THIS WEEK 📈Good evening gold gang ... wow its really just straight bullish action
Theres nothing we can do but wait for the best time to buy for the final 300 pips to all time high
The 2 best buy zones are on the chart .. i believe we should hit ATH before NFP friday
Until then ... lets just watch the carnage unfold as fellow retailers fomo in the buys to push us up .. where ill be waiting for those long term shorts.
Stay tuned!
catch you in london
tommy
XAUUSD All time high attack?! heres my buy zonegood evening gold gang .. we are back for another week and an attack on all time highs!
A massive expansion on friday means we are sat very high up near ATH with not much data to go off .. so we need to wait for some structure to form
i will need price to come down to the 2050 before i can buy back in to take it up to the highs.
Selling ill need that 4h to close and retest
Its going to be a patience game this monday and see if we get an opportunity to buy or not!
If it flies .. so be it! we will catch it on the way down
like and follow for more updates
catch you in london
tommy
XAUUSD We need this breakout to come! Good morning gold gang ... what a great day yesterday was taking our first loss of the week followed by a recovery and profitable trade to keep us in the blue once again
today we are still stuck in this terrible range! ... waiting for news to push us out so we can trend once again. Now is not the time to get frustrated .. cool heads required for us to be able to execute when needed
Im seeing nothing but algo bounces at the moment as its too messy to attempt much at this current time
ALGO bounces for me i enter within 10 pips of the level and scalp 20-30 pips from them
Other than that .. we have to wait!!
like, follow and boost this post! ... cactch you in london
T
GOLD (XAUUSD): Technical Outlook & Important Things to Watch 🥇
Gold remains very weak for 2 weeks.
Analysing a daily time frame, we can see that the market is consolidating and trading
within a very narrow range.
The last 4 daily candles are even trading within the range of a strong bullish candle.
That is a perfect example of inside bar formation.
Depending on the reaction of the price to the boundaries of that range,
I see 2 potential scenarios.
If the price breaks and closes below a 2015 level - the support of the range,
for us, it will be a strong bearish confirmation.
A bearish continuation will be expected at least to 1992 level then.
Alternatively, bullish breakout of 2044 will be a strong bullish signal,
that will push the prices at least to 2054.
Following my previous analysis, I remain bearish biased on Gold and bearish scenario
is more highly probable, but let's see.
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XAUUSD Will we ever break this range?! Whats up gang!!! another profitable day but wowwww was it boring .. price stuck the range again .. we need a breakout soon!
Price levels same as yesterday as we didnt move today at all .. hoping to get to one of the major zones here for a buy or a sell .. not bothered which at this point lol
hit the like if you got in with us today!
catch you in london
tommy
XAUUSD Did you see the accuracy of the buys? Good evening gold gang .. what an amazing day .. i know i say that a lot .. the accuracy on those buys in NY session was just insane having marked it up last night for it to react so strongly!
Did you get in with us?
All in all we are still in the weird range with no clear direction .. im still bearish overall looking for big sells but we keep coming back up into the range to cut them short, so im catching buys too
Price respecting trend down currently but my best sells are at the top algo .. so i have to wait .. above that is a major daily zone too so thats one to watch as price may just miss the algo and go for that
2025 must be cleared before continuation sells can be taken too
buys at the bottom algo
all in it will be a lets see whats happening day tomorrow with major news in the NY should shift us
until then .. hit follow!
catch you in london
tommy