XAUUSD 100% Accurate analysis!Good evening gold gang!! i hope you're well.
Gold saw strong moves to the upside giving us not one but 2 buy opportunities both forecast this morning. I bagged 80 pips today which will top off my week just nicely as there will be no trades tomorrow due to NFP.
I will of course still be active and will be posting my analysis in the morning.
The first buy was a higher risk play due to the size of the range between the 2 zones .. i entered with a low risk. I jumped out and the zone and waited for a strong break for full risk buys up to my major level .. which it hit perfectly!! and with a nice rejection.
I hope you guys took value from my analysis and were able to enter long with me! if so, you owe me a beer!
See you in the morning for london/ny outlook. No asia outlook this evening as i believe volume will be diminished due to the impending news.
TommyXAU
Xauusdsignals
XAUUSD Nasty range .. patience Good morning gold gang!!!! how are ya
OK so a rare loss for me yesterday anticipating the sells .. price shot up before ranging for the rest of the day. Asian no real volume there.
London and NY im waiting for the break of this nasty range as price is approaching my major key level. I would like sells to come down and break through it. My sell positions are 1812.14 with a strong close below. Target is around 70 pips but will obviously be taking profits along the way.
No red news today so we may also see a range until tomorrows NFP.
Buys above the 4hr resistance but they will be risky until the top level is broken in my opinion.
Enjoy guys, if you have any questions please leave a comment or DM me, i dont mind.
tommyXAU
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway we expect that GOLD will go UP to 1959 LEVEL. Before that, GOLD may go down to the 1785 level with the FOMC UPDATE. Be careful..
GOLD: Bullish Trend Nearing End, Be Cautious of Bull Traps Next
I am not God, not worthy of everyone's possession, and I am definitely not the US dollar, nor do I intend to let everyone have it. Aging is a compulsory course in life, while becoming mature is just an elective. When everyone is low-key, I choose to be high-profile, but I will never go off key. The road of investment is definitely not one-way, if one road doesn't work, you can learn to turn. Time passes day by day, never forget the original intention of coming to the market on the first day. We are not here to find a wife, not to fall in love with the market, and do not treat Janet Yellen's words as a judge. We came here for profit and interests, and while some may drop out or go astray, the amount of profit earned is definitely related to the success rate of followers standing with the team. Whether you find a good team or a bad group depends on whether you treat investment as a career leader or as a leader of bad things. People are products of their environment, things are classified, and people are grouped. It is understandable to not catch it the first time, but if you fail to catch it two or three times, you should reflect. If you catch the wolf's tail every time, you may lose your life because of it.
At the beginning of this week, amid a significant increase in the US dollar index, non-US currencies as well as gold and silver hit their lows.
Gold hit a low point at 1804 on Tuesday of this week and bounced back, with the highest closing price reaching around 1856 by Friday. The rebound was exactly $50.
Technical analysis:
GOLD daily chart
Based on the Fibonacci retracement of the drop from 1959 to 1804, the 38.2% level is near 1863, and the 60-day moving average is around 1855. The 1863 level is also a resistance point, indicating that there is resistance in the 1855-1860 range. Once the 38.2% level is broken, the price may reach the 30-day moving average at 1870. In this situation, it is not recommended to pursue long positions. GOLD is likely in a tail-end trend, and it may fall back after a day of increase next week or even directly.
GOLD 4-hour chart
From the 4-hour chart, 1804 is clearly a wave of AB=CD trend. I have also drawn the final 100% target position of 1870, which is symmetrical to the analysis of the 60-day moving average position on the daily chart.
In addition, the 61.8% resistance level is currently at 1855, which is also the reason for the caution in pursuing long positions.
operating strategy
Next week, it is recommended to sell short on rallies, and aggressive traders can enter the market at 1855-1863, while conservative traders can wait for 1870 to enter the market and sell short.
COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
XAUUSD Stopped out of sells. DXY droppinggood afternoon gold gang!! hope you're well
The forecast sells was a stop loss unfortunately. Analysis was fine, just let down by the news after over an hour in DD.
Price rallied up and hit my forecast level for the pull back as i said this morning!! but i feel it could go deeper as DXY is moving downward.
Im going to give my sells another chance but will leave buys for tomorrow if they arise.
Catch you later on for the asian outlook!! Have a great rest of your day. Drop a like!
tommy
XAUUSD wen pullback?!?Good evening gold gang!
Huge drops today on gold! i caught the initial move from london which ran to my target perfectly! (hope you guys got it too)
After such a massive move im expecting a pull back. I have my area marked up for the pull back on my chart after a support has formed on the lower time frames.
No pull back should see price drop down to the next level which is my red line .. thats a 40 pip drop so its a nice range to catch if you trade the asian session.
Catch you tomorrow morning for london! please leave a like and follow along.
tommy
XAUUSD Oversold RSI, bottom of the Channel = Buy opportunityGold (XAUUSD) got a massive rejection following Powell's comments on the potential of higher interest rate hikes. It hit the Symmetrical Support level of the Inverse Head & Shoulders pattern we outlined on our previous analysis and so far seems to be rebounding. A potential Channel Up gives room for some more decline before an eventual recovery.
The 4H RSI just breached into the oversold territory and as it was a sell last Friday when it was overbought, so is a buy opportunity now that it is oversold. If broken, the final level of long-term Support is the 1W MA50 (yellow trend-line), which provided the Support and big bounce last week. Our target is the 4H MA200 (orange trend-line), with a projected extension targeting 1860.
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XAUUSD Pin point accuracy again!Good afternoon gold gang!! hope you are all well!!
The trade called on this mornings london outlook was a winner with pinpoint accuracy!! price closed below and made its way down to target throughout the session. BOOP!
Congratulations for the guys who took this .. easy pips.
For NY im expecting a pull back of sorts but no clear levels unless we get a straight reversal from the target area .. 1842.83 area would be the target for pullbacks.
Ill be back later with updates
tommyXAU
XAUUSD Key level rejected Good morning gold gang!!! hope you're well.
Big news week for gold ahead so im not expecting too much action until friday, but we can still catch some nice scalps.
Sells looking good for today as the daily closed bearish and made a nice top wick rejection at the key level. Im looking at sells below 1845.73 with s strong candle close
target the next key level of 1838.54 with a couple of stops along the way.
Buys above the daily candle high but im not expecting that one, but we never know with gold!
Happy trading guys .. catch you in new york session
tommyXAU
XAUUSD We caught the bottom buy, now how high can it extend?Ten days ago we called a bottom on the exact market buy for Gold (XAUUSD) as the 1D RSI was approaching the oversold level:
This time we bring you an even more extensive perspective on the 2D time-frame, having found a fractal from 2019 that can lead Gold much higher than most anticipate, assuming of course the global market fundamentals continue to be the same.
As you see the two sequences (2022/23 on the left and 2018/19 on the right) share almost the exact characteristics, both starting a rally on an extremely oversold RSI (when most least expected it), having a rejection on a Lower Highs trend-line, finding Support on the 2D MA200 (orange trend-line) and forming a Golden Cross. This is where the current (2023) fractal stops as the first rally since the February High has started.
In 2019 the price broke easily above the 1D MA50 (red trend-line) but was rejected on its 0.618 Fibonacci retracement level, which made it fall more and make a marginally Lower Low, before th eventual hyper aggressive parabolic rally started that had a first stop on the 2.5 Fibonacci extension. On the 2023 fractal, the 0.618 Fib is at 1900. In 2019 this was formed exactly on the Golden Cross. The new Golden Cross will be completed tomorrow. If Gold doesn't reach 1900 by then and continues to rise, it is possible to ignore the bias of the 2019 fractal for one last Lower Low. A closing above the 0.618 Fib may also invalidate that. In any case, even in the event of one last pull-back, you can reserve a spot for one additional buy just under the 2D MA200. The target will more than make up for this risk as if the fractal is repeated, then the upside by the end of Summer can be anywhere within 2110 - 2190.
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XAUUSD WEEKLY 05.03.23 BUY PROJECTION 05.03.23RFundamanetal & Technical Reason for XAUUUSD Buy
1. Dragon doji candle confirm the further Higher Movement
2. Breaked strong support & trend line @1830 with strong Bullish momentum
3. Falling wedge pattern Breakout Confirmation
4. Breakout the downtrend in 4h Channnel
5. DXY xlear obey teh string downtrend as well as d suppoert @ 105.3 and heading towards 101.3
Overall Possible outcomes
XAUUSD BUY @ 1840
SL 1804
TP 1920
TP2 1960
XAUUSD | New perspective | follow-up detailsThe personal consumption expenditures (PCE) price index witnessed its biggest increase in six months bringing the index to 5.4% for the last year - a whopping 0.6% increase. As the Federal Reserve gears to ratchet up rate hikes again amidst fear of inflation, Gold appears to be consumed by the same inflation that it is supposed to be a hedge against. With prices currently trading within the $1,820 and $1,800 zone, it is worth noting that Gold still has a potential for bullish expectations, but the current bearish momentum could edge stronger if we see a break of the $1,800 level in the nearest future. In this video, we looked at the current market from a technical standpoint and identified structures to use as a yardstick for trading opportunities in the coming week(s).
00:48 Reference to last week's daily commentaries and results
03:50 XAUUSD Technical analysis on Daily chart
07:27 Macroeconomic events to look out for the week
09:35 XAUUSD Technical analysis on 4H Timeframe
10:50 Conclusion on next week's expectation on XAUUSD
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD Battling to stay bullish on this Resistance. $1870 eyed.We are updating on our view earlier this week:
Gold (XAUUSD) hit and got rejected today on the 1847.50 Symmetrical Resistance (February 20 High) as the 4H RSI turned overbought. Assuming the bottom reversal pattern is an Inverse Head and Shoulders (IH&S), we need a candle closing above the Symmetrical Resistance in order to extend buying towards the 4H MA200 (orange trend-line) and our 1870 medium-term target.
If instead it closes below the 1H MA50 (red trend-line) we expect to see a pull-back first to the 4H MA50 (blue trend-line) and if closed below then the 1817.50 Symmetrical Support before rebounding.
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XAUUSD - Pinpoint accuracy and NY outlook Good afternoon gold gang!!
Got the full TP of 100 pips to the absolute TEE!! well done whoever took this on my analysis .. gold gang members for life
Ok new york session we have a news folder a little later on so price may consolidate around the red line, if not buys above with a min 30m closure for a 40 pip target.
Sells for the pull back are on too on the flip of the 4hr candle.
Im happy to sit out and watch as ive hit my pip target for the week and then some!
Please leave a like and a follow to be a part of gold gang!!
TommyXAU
XAUUSD ( High Probability SELL & BUY Setups SOON )* Here we can see clearly the next coming moves for Gold coming hours, days & weeks,
* The price of Gold has come under some pressure in the recent weeks due to the strengthening USD ( DXY ),
* However, the USD has recently given back some of its gains causing the price of Gold to rally into the resistance level,
* The price of Gold is likely to continue to trade lower if the data out of the US forces the Federal Reserve to hike rates more aggressively or for longer, If the price trades through the support of $1800.00 we could expect a continuation lower,
* Currently this week the price has retraced some of its losses from last week finding support at the key lows of $1805.00. Price has since rallied into the key resistance highs around $184600,
* Looking at the H4 chart we can see a Double Top Pattern ( M ) forming which could signal a reversal trading opportunities for those looking to SELL xauusd,
*T he price on the chart has traded through multiple technical levels and some observations included:
* Price has recently found support at $1805.00.
* The higher time frame analysis suggests the price should continue lower.
* The H4 chart looks to be forming a Double Top Pattern ( M ) signalling a reversal.
* A break of the neckline of the pattern could invite selling pressure.
* Keep a close eye on XAUUSD ( GOLD ) today & coming days,
* Happy pip hunting traders.
* FX KILLA.
XAUUSD - Don't get caught in the death zone!Good evening gold gang!
wow, boring day for gold today stuck in the death zone!
Death zone is a solid range with no breaks in both sessions. These ranges are designed to take retail traders money away from them. STAY AWAY.
I stayed disciplined, set alerts and waited for strong candle closes outside the range which never came. There is always tomorrow.
As for asian, a close below and a flip of the 4hr/daily will see nice sells down but first, we have to break out of this crap.
Catch you tomorrow for london, if any of you get the breakout in asia, let me know in the comments as ill be asleep!
TommyXAU
XAUUSD Trades im looking for todayGood morning gold gang! how the devil are you
OK, DXY is still respecting bullish levels, which should mean sells bias on gold .. but im staying open.
Ive drawn up my levels on the chart .. the first sells are quite a small range of 35 pips so better sells would be below my white line.
buys above 1837 level with a tp1 target and runners to be held.
Happy trading guys .. leave me a comment if you have any questions on my analysis
see you in NY
tommy
XAUUSD adapted to buys in New York session Good evening gold gang! Hope you’re well
So gold decided to push up throughout the day with only a small retracement. My bias was initially bearish expecting the pull back but i quickly changed to bullish during pre and New York sessions.
My first trade was a scalp sell faking out my level and shooting down. Very common move on XAUUSD. Ill do an educational post on fake outs soon.
Sea one was the forecasted close above .. 15m candle close above the level and jump in for the ride. Ran 50 pips but I closed in full around 40.
I hope you guys enjoy my scalping forecasts and they are helping you on your own trading journey. Please follow along and leave a like.
Asian session, the 4hr candle has closed above the level indicating a bullish session. If the candle was to flip, then it will be sells to anticipate the pull back
Have a good evening gang
Tommy
XAUUSD Another winner!! Whats up gold gang .. hope you have had a good trading day
After the initial bias of sells was not to be .. (failure to close beneath the range) .. my bias switched to bullish.
I forecasted buys in 2 places .. one was a risky/aggressive move with a smaller range and one was the ideal play. Both played out perfectly and hit my designated target to the tee.
100 pips gained!! .. What a way to end the month.
Asia session im unsure of at this time .. i would expect a small pull back to start with but im going to wait for the new monthly candle to form a little.
See you all tomorrow .. follow along for more analysis on my beloved XAUUSD
Tommy
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway we expect that GOLD will go UP to 1959 LEVEL. Before that, GOLD may go down to the 1785 level with the FOMC UPDATE. Be careful..
XAUUSD closed above the 4H MA50, first time since Feb 02!Gold (XAUUSD) is having the first major bullish break-out since it started its aggressive collapse on the February 02 top, as it closed a 4H candle today above the 4H MA50 (blue trend-line) for the first time since the top!
By doing so it also broke above the Falling Wedge pattern of the past two weeks and with the 4H RSI on Higher Lows (i.e. a Bullish Divergence), and this is a legitimate bullish reversal formation.
As the 1W MA50 (yellow trend-line) formed the bottom, it is advised to buy initially the pull-backs to the 1H MA50 (red trend-line) and target the upper Fibonacci levels systematically. We will do this until the price approached the 4H MA200 (orange trend-line), potentially within the 0.382 - 0.5 Fib Zone and then re-evaluate.
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XAUUSD short term Tuesday 29.02.2023
XAUUSD tests bearish trend channel
S/R zone is also tested
Volume profile only moderately positive
new sell opportunity?
Gold drifts lower as dollar rises. Inflation is rising, the labor market remains tight, and the Fed may raise rates. The XAU/USD slipped to its lowest level since 2023 and fell near $1,800
Surprisingly good inflation data from France and Spain.
Expectations for a 50 basis point rate hike by the ECB.
Gold (XAUUSD): Time To Sell 🟡
Gold is retesting a recently broken structure.
The price has nicely respected a confluence point based on the underlined resistance and 618 retracement of the last bearish impulse.
As the extra confirmation, the price formed a double top pattern.
I expect a bearish move to 1808 / 1801
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