GOLD (XAUUSD): Support & Resistance Levels For Next Week 🥇
Here is my latest structure analysis for Gold.
Horizontal Structures:
Resistance 1: 2054 - 2065 area
Resistance 2: 2077 - 2088 area
Resistance 3: 2142 - 2148 area
Support 1: 1984 - 1992 area
Support 2: 1965 - 1977 area
Support 3: 1932 - 1938 area
Vertical Structures:
Vertical Resistance 1: Rising trend line
Consider these structures for pullback/breakout trading next week.
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Goldtrader
XAUUSD Missed the buys, caught the sells for 50 pips Good evening gold gang and i hope you are well! A great day on the charts today catching lovely sells after a strong push up to the sell zone algo in asian and london.
Reason for not taking buys .. no opportunity to get in .. you can only get in at the optimal zones .. not while price is pushing.
Tomorrow id like to take buys, but i need price to come down to an algo first. The 2021 is higher risk as its close and has been touched .. but still valid. Use small risk if you are.
Better buys would be 2012 for me
Sells im not looking for currently unless we break all current levels.
Lets see what tomorrow brings as usual and REACT NOT PREDICT
write that down .. its important
catch you in london
tommy
XAUUSD Slow price but we got the sells! Good evening gold gang hope you are well ... price was super slow today with USA bank holiday .. but we managed the sells that ran for near 100 pips in the end .. just shows the power of the algo levels
We need price to start moving again to gain our weekly bias. Its looking bullish so far, but ill need to see breaks above the 2031 to confirm it for me
bounce sells available there
buys down in the messy zone of 2002 .. but higher risk as its been touched many times
other than that ... im looking forward to price breaking out and making some money this week!
follow and like this post please! nearly 3k!
catch you in london
tommy
XAUUSD WTH happened at open?! Good morning gold gang i hope you are all well and had a great weekend .. its back to work time!
What happened at open? some crrazy spike by the look of it?! cant see anything in the news .. just a 100 pip jump down before a push up in asian session.
Right now we are at my optimum selling algo just waiting on confirmation to sell down to a decent buy zone as it looks like we may be in for a bullish week!
note down the algo levels on your charts gang .. bank holiday in USA today so not much volume in the afternoon session .. be aware!
like share and follow
tommy
GOLD (XAUUSD): Massive Breakout 🥇
Yesterday's US news turned out to be very bearish for Gold.
The market formed a high momentum bearish candle and violated
2 horizontal support and a major rising trend line, and successfully
closed below them all.
The broken structures compose an expanding supply zone now.
We may see a retest of broken structures with a consequent
bearish continuation.
Next support - 1979
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XAUUSD Huge drops!!! wow 📉wowwww what a huge move! .. straight in the direction of my bias .. but i didnt catch it!
When price is moving so quick .. its hard to get an entry to sell as there are no pull backs .. but i am learning with gold that when its moving with news .. just jump aboard the train and ride it .. so thats what ill do next time
I tried a could scalp buys and lost them at my algo levels .. the dollar was just too strong!
Now we have broken the structure properly .. we can expect some short term bearish price action coming down to my target of 1980. I would like to take sells down there .. but i need a pull back first
when price reaches 1980 id love to take a buy there
other than that ... im avoided the current price as its just hovering around the major algo .. so theres nothing i can do but watch
like and follow along if this is helping ... looking forward to tomorrow to do it all again!
catch you in london
tommy
XAUUSD Perfect analysis again. What's next? good evening gold gang, wow what an amazing analysis catching big moves today on gold. Pin point perfection. Gold gang eating good
We need to avoid the range highlighted in the box .. its rough. Leave it until it breaks out!
Im still favouring bearish action currently so id like to see closures down below the 2012 .. im gonna wait till we get down there before making that decision.
If it flips and we turn bullish .. ive got to see the price coming up to 2031 area .. it just gives more confluence.
Bounces are in play but not in the current range .. its been used way too many times
Lets continue the momentum tomorrow and catch some more big moves ... i cant wait!!
follow along! don't miss out
tommy
XAUUSD Clear sells below this price level .. Good evening gold gang!! its that time again where we prepare to dismantle the gold chart once again
Price is overall messy .. very messy ... its playing around the daily level of 2016.23 with mutliple tests .. in my opinion we can break this and shift bearish for the bias.
we would need a 4h closure below it to confirm.
Buys are difficult in the range other than algo bounce buys that are marked on the charts
LEts let the candles play out at the open and decide fully in london as usual on a monday
heres to a good week!! im looking forward to it already
follow and like this post!! it helps me out
catch you in london
tommy
GOLD (XAUUSD): Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold for next week.
Vertical Structures
Vertical Support 1: Rising trend line
Horizontal Structures
Horizontal Support 1: 2009 - 2014 area
Horizontal Support 2: 2001 - 2006 area
Horizontal Support 3: 1965 - 1977 area
Horizontal Resistance 1: 2055 - 2065 area
Horizontal Resistance 2: 2077 - 2088 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
USDJPYhere what i think about usdjpy i hope i made easy to understand,if not let me know in the comment. if 150.500 break above with bullish possibility that usdjpy can make new higher which is 153.500 to 153.900. so here waht i say look for buy opportunity with great confirmation. always risk 1%. thank you .
XAUUSD Urgent message! Good morning guys apologies for the late outlook .. fell asleep. Heres my urgent message!
Dont take the bounce buys at 2031 algo .. it is reacting now but i prefer the 4h zone below it at 2029 marked on the chart. This is where ill be taking buys on confirmation
Im still bullish on thte overall bias .. so those buys there make sense to me but im not overly worried as the massive buys from yesterday has more than paid for my week sat at the kitchen island on my laptop eating snacks and cups of tea
check the bounces too gang
catch you .. erm ... right now lol ... make sure you like and follow if you're not already
tommy
XAUUSD A boring day of price builds strong traders Good evening gold gang i hope you are all well. A very slow day on the charts today with a late move that left without us by dropped just short of our zone ..
frustrating .. but discipline building all the same
Price still in the similar range looking for a nice break out to start to take trades tomorrow
The huge imbalance above should be good to take buys if we get a close on the hourly or above
bounces all in play where indicated
another no red news day so lets just stay disciplined and only take top probability trades
catch you in london
tommy
IM BACK!! and ready to dominate. Look at this! Good morning gold gang! i am back from a briliant vaction travelling around thailand experiencing new sights, food and booze of course!!
I did a little analysis for the gang yesterday that ended in a loss as i totally forgot it was fomc (jet lag) but the analysis was correct and people made money, so thats all i care about
today we have a no bottom wick situation on the daily and 4h .. what does this mean? .. means it will likely make one .. so im expecting price to come down today at some point
check the algo levels on the charts and watch for the 15> closures to take sells
lets have a great rest of the week .. im looking forward to a year of hard work now with you guys
hit follow if you're with me
tommy!
GOLD (XAUUSD): Fed Rate Ahead! Your Plan:
Do not forget that today we are expecting FED interest rate decision and press conference.
Gold will most likely react strongly to this news.
Here are the potential scenarios.
Bullish
The market formed an ascending triangle formation on a daily,
it is currently testing its neckline.
If the price breaks and closes above that, it will be a strong
bullish signal that will push the prices at least to 2054 level.
Bearish
There is a strong rising trend line that the price is currently respecting.
Its bearish violation and a daily candle close below will be
a strong bearish signal.
The market may drop then all the way down 1978 level.
Wait for the news release and then wait for a breakout, it will give you a strong confirmation.
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GOLD (XAUUSD): Detailed Technical Outlook 🥇
Gold is trading in a minor bearish trend on a daily.
Lower highs are perfectly respecting a falling trend line.
After the last test of that, the market started to consolidate on a 4H time frame
within a horizontal range.
Bearish breakout of the support of the range is an important sign of strength of the sellers.
We can anticipate a further decline next week.
First goal will be a current local low - 2006.
If the price violates that, we can expect a movement lower at least to 1990 level then.
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GOLD (XAUUSD): Important Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold.
Horizontal Structures
Resistance 1: 2054 - 2064 area
Resistance 2: 2077 - 2088 area
Resistance 3: 2142 - 2148 area
Support 1: 1964 - 1980 area
Support 2: 1931 - 1938 area
Vertical Structures
Vertical Resistance 1: Rising trend line
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
GOLD (XAUUSD): Bearish Outlook For Next Week Explained 🥇
Gold was very bearish this week and the price managed to set a new local
lower low lower close, violating a solid rising trend line.
Even though the market closed recovering, I remain bearish biased.
I do believe that the fall will continue next week.
Next support - 1980
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GOLD (XAUUSD): Important Breakout 🥇
The yesterday's retail sales data turned out to be very bearish for Gold.
The price violated both a solid rising trend line and a key horizontal support on a daily.
The broken structures compose a supply zone now.
We can anticipate a further bearish continuation.
Next support - 1979
❤️Please, support my work with like, thank you!❤️
XAUUSD Beautiful bullish price action 🔥Good evening gold gang! hope you are all well and grabbed the winners with me on this super slow day due to the bank holiday in the US
Price is making beautiful bullish price action confirming my target for 2069 this week but as we know ... alllll could change at any point hah
I believe we will need to pop down for some liquidity before we come up .. so ill be looking at shorts below the 2050 if we get a 1h close candle
algo bounces in play other than the buys in the range ... let the candles play out and lets re assess in the morning for the bounces
This will be my LAST outlook for 2 weeks as im going on holiday and will have hardly any internet. I will be posting my algos and brief thoughts though so make sure you follow along and dont miss them .. im looking forward to a break from the charts and to spend some of my hard earned money from the gold markets
catch you in london!!
your mate tommy