Goldtrader
Gold: Thoughts and AnalysisToday's focus: Gold
Pattern – Breakout/resistance test
Support – 1817.90 - 1918
Resistance – 1944 - 1981
Hi, and thanks for checking out today's update. Today, we are looking at the Gold on the daily chart.
So price has moved rather quickly today to the upside. Earlier, I was watching the consolidation and wondering if buyers might test it. Well, they not only tested it but broke out. We have run over this move and the next resistance levels in today's update.
The key here is influences, and we will keep seeing demand. If tensions continue, we could see 1980/81 retested based on the current buying speed. But also be wary of any changes in influences as it could lead to fast profit taking.
Oil has been another mover today, adding close to 1.5%. It's also a market we are keeping an eye on as we track towards the European session open.
Good trading.
Will Bidens visit make gold go crazy?Good evening gold gang .. hope you're well and caught the 2 great moves today with me ... amazing analysis and execution pow!
Tomorrow we have boomer joe visiting Israel in an attempt to stop the war .. im pretty sure this will cause the markets to do crazy things .. so watch out!
Im expecting price to pop up tomorrow and break the current highs .. so lets wait for a break and retest of the algo before the buys .. a move up in asian would confirm this
alternatively, we could drop down below the current 4 hour zone and we will look for sells below there .. its a simple strategy, we just need the time and price
All zones are marked on the charts for you to copy on to yours ... follow the page for updates!!
catch you in london
tommy
XAUUSD Perfect analysis! Can we break to the upside?Good evening gold gang! .. a great day on the charts today following the analysis from last night catching some scalps along the way
Starting with london session where the algo bounce was perfection netting almost 20 pips before price broke lower and deeper into the range before coming back up .. congrats anyone who took it
news spiked up and tapped the algo to the PIP! before rapidly returning to the range
what do we have tomorrow? .. id like to see gold pop up now into the next algo range and hit the sell zone .. ill be looking for scalp sells there. If that zone breaks and closes ... buys will be on to the top level
a break lower and ill be looking at either, algo bounce buys or break and retest sells down .. lets monitor price at the time and see where we go
follow along and dont miss this the action! Im a real trader from the uk .. not the bots you get here .. you can message me anytime if you have questions
catch you in london
tommyXAU
My thoughts on the coming week ... Whats up gold gang! .. price has closed above the monthly level .. 1000 pips ish in a week wow! thats crazy
im expecting a small retracement before lifting off once more for gold this week ..
the candle closed with no top wick, so a retrace is likely before more upside due to the ongoing conflict in Israel
Ill be back later for the official outlook .. until then .. enjoy your sunday
tommy
GOLD (XAUUSD): Bearish Outlook After CPI 🥇
Gold reached an important horizontal daily resistance.
Approaching that the price violated a support of the rising wedge pattern
on an hourly time frame after a CPI release.
I expect a bearish movement to a support line of a rising channel now.
Its bearish breakout, will push the prices even lower.
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The Bulls are not stopping! Im selling here .. 📉Good evening gold gang!! another day of extreme bullish price with the bulls charging through every algo level we had lol .. a couple scalp sells were taken and a loss today trying to catch the pull backs.
Note to future self .. gold doesnt give a poop about pull backs in extreme situations. It also gives very little chance to get in continuation buys either
Were at a nice 4 hour resistance now that has broken through but not clearly .. so a small pull back may happen. Id like to take sells from the top algo if i can though as that will be the safest
buy zones are clear on the chart although quite the distance away currently .. lets see what asian brings us
Indicator testing continues with 20 wins and 3 losses in 11 days .. this is amazing work. Looking forward to hosting it for you
follow along so you dont miss updates and like this post!
tommy
Huge expansion! Here is where im selling 📉Good evening gold gang .. wow even though it was bank holiday in the USA .. we still had a huge expansion to the upside due to the ongoing conflict. We caught buys and sells in the sessions today doing my usual in and out way of trading. Congratulations those who grabbed some with me.
Id like to see price carry on the rally in asian session to the sell zone on the chart algo 1870.91 .. and then take sells down back to the optimum buy zone at 1849 to take buys there
the algo levels very well respected all day today generating good liquidity .. lets have a good session tomorrow. Ill be active in london and ny tomorrow
indicator news coming soon!! keep an eye out
follow along so you dont miss the announcement
tommyXAU
GOLD (XAUUSD): Indecision After Bullish Opening🥇
As I predicted, the market opening was very bullish on GOLD.
Important decision is ahead now.
Everything depends on the tone of the continuation of the conflict.
Further escalation will inevitably push the prices higher,
while good news make the prices drop a bit.
Watch 1856 - 1864 resistance, its bullish breakout - 4H candle close above
will be your strong bullish confirmation. A bullish movement to 1875 level
will be expected then.
Alternatively, watch a horizontal range on an hourly time frame.
Bearish breakout of its support - an hourly candle close below 1846 will
trigger a correctional movement to 1835 level.
I will post the update once I spot a solid confirmation.
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GOLD(XAUUSD): Is It The Moment to Reverse?! 🥇
GOLD finally reached a key daily structure support that we discussed earlier.
Approaching the underlined green area, the market started to slow down
and trade within a falling wedge pattern.
After the NFP release on Friday, we saw a strong spike up.
The market successfully violated and closed above the resistance of the wedge.
It seems that the market is ready for a correctional movement.
Goal - 1847
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GOLD (XAUUSD): Technical Outlook Ahead of NFP 🥇
Traders, remember that we are expecting the NFP release today.
Here is my technical outlook for Gold ahead of the news.
Analyzing a daily time frame, we can spot that the market is under a strong bearish pressure.
The market is very close to a key daily support 1803 - 1811.
Checking a 4H time frame, I see a slowing bearish momentum and a consolidation.
The price started to respect 1827 - 1833 intraday resistance.
For now, I would suggest to wait for a test of a daily support
and look for a confirmation to catch a pullback from there.
Alternatively, a bullish breakout of the underlined red resistance will confirm
the initiation of a correctional movement.
Lastly, in case of very bearish news, I will post the updated analysis on a weekend.
For now, I strictly recommend not to trade the market and wait for the fundamentals first.
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XAUUSD Trade ideas 6/10/23 The day has arrived!Good evening gold gang!! another good day on the charts!! unfortunately stopped twice in NY but took a nice sell in london bagging us a break even day in the end.
In hindsight .. day before NFP is a tricky one to trade as price is consolidating mostly awaiting the big move .. so we became liquidity. Followed the plan and stuck to my loss rule so all is not lost and its part of the game! .. we move on
we need to break this range in order to get a good read on price ... currently we are stuck there not able to take anything .. so lets see where price leads us tomorrow before the move!
reversals from the algo is always my favourite move so we will be awaiting this which ever way it jumps out
DXY has also found a support right at one of my algo levels, so can we see some downside?
its been a great week gang, lets not spoil it getting greedy and impulsive tomorrow .. one more day and its beer time! .. im active all day, so just reach out in the DM if you have a question
follow and like this post!
catch you in london
tommy
XAUUSD Trade ideas 5/10/23 consolidating for NFP?good evening gold gang! hope you are all well and having a great week! .. some amazing trades taken today with algo level bounces (marked in red on the chart) .. congrats if you got them
I believe we are consolidating for NFP friday around the monthly algo 1827. We have been stuck in this 100 pip range for a couple days now so i believe its all building up to the big one on friday
price has been making big candles .. just no breakouts yet .. so they are the same as yesterday marked on the chart .. looking for strong closures in the zones and also reversals when we get to the other algo levels
Ive had a few people comment on my posts saying im a "grifter" and a scammer for claiming the algo levels exist .. they are probably ICT cult members .. all you have to do is go back a year on here and see for yourself that they are infact real and are respected daily .. thats where we take our trades from with high win rate and accuracy
follow along guys! i provide lots of value here all for free!
catch you in london
tommyXAU
XAUUSD Trade ideas 4/10/23 winning streak!good evening gold gang! .. sometimes i amaze myself lol .. the analysis for this week has been scary to say the least .. absolute accuracy!
The range were in currently is very messy .. look at all those wicks. We are consolidating for the news tomorrow as we have some heavy folders incoming! .. lets goooo
price below the algo 1818 is also a lttle messy but theres a huuuuge support down there for price to retest. If you miss the sells to there, you will certainly need to hit the reversals
no buys for me until the 1827 algo is closed above on the 4h
So just wait gang! .. patience pays as always
im working on an indicator! i cant wait to show you it .. it works great with the strategy
follow along and dont miss the updates .. hit the like too please!
catch you in london
tommyXAU
GOLD (XAUUSD): Updated Structure Analysis 🥇
Gold keeps falling since the market opening this week.
Here are the updated structures & key levels to watch on a daily time frame.
Support 1: 1803 - 1814 area
Support 2: 1765 - 1777 area
Support 3: 1726 - 1738 area
Resistance 1: 1883 - 1890 area
Resistance 2: 1902 - 1907 area
Consider these structures for pullback / breakout trading.
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GOLD (XAUUSD): Important Key Levels to Watch Next Week 🥇
Here is my latest structure analysis and important key levels to watch on Gold next week.
Support 1: 1843 - 1850 area (completion point of a smaller harmonic abcd pattern)
Support 2: 1805 - 1815 area (completion point of a bigger harmonic abcd pattern)
Resistance 1: 1884 - 1890 area
Resistance 2: 1900 - 1907 area
Consider these structures for pullback / breakout trading next week.
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XAUUSD Trade ideas 29/9/23 algo level buys 📈good evening gold gang! wow another day of gold bleeding! we caught both sells and buys today in the new york session .. congrats if you got them with me!
Its the end of the month and quarter! .. this year is flying by. Gold is still dying and dxy is still pumping! Is there a bottom in sight? 1827 for gold is a clear bottom for the drop. Can CPI news tomorrow do it? what an end to the month that would be lol
As i stated this morning, price consolidated trapping buyers and they were manipulated in the news to continue the trend back down another near 200 pips! ... we managed to scalp a couple trades in that range before catching the bounce of the big move .. splendid!
Im expecting more downside .. so im selling from the box on the chart if we get confirmation .. theres also a risky buy zone there if you feel up to it
im looking forward to another month end with you guys .. ive been writing these outlooks for a year now! and i never miss a day .. i hope you enjoy them as much as i enjoy writing them
follow along for constant updates
catch you in london!
tommyXAU
GOLD (XAUUSD): The Fall Will Continue?! 🥇
Have you seen yesterday's bearish movement on Gold?!
That was crazy. With just one single high momentum bearish candle
the price violated 1885 support easily and closed below that.
The next key support is 1856 - 1860 area now.
It will most likely be the next goal for the sellers.
Also, note that the market is heavily oversold now and it may pullback.
Look for an occasional retest of the underlined 2 horizontal resistances for catching a trend following movement.
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XAUUSD Trade ideas 28/9/23 WTF is happening to goldGood evening gold gang! wow lol .. can you believe the sell off! Im used to seeing big moves but for gold to sell off like this with zero pull back at all is crazy! .. DXY is seriously pumping right now
We are approaching a very important level in my algo strategy now, so we may see a bounce, but im very aware that it can just be met with more bearish force .. so im very careful
The problem with the sells is getting in .. there has only been a couple entry opportunities for sells for me and ive missed them both waiting for pull backs, that never came
We are still profitable this week but no big moves caught im afraid
tomorrows price action is bearish on all time frames .. either an algo bounce for scalp buys or im awaiting price to come up to a level to sell again ... the price action is very clean to the left, so price can fall even harder if it needs to .. so im keeping my eye out for that
Lets see tomorrow as we have unemployment news coming out too .. lets finish the week strong with a nice big win
follow along and like for constant updates
catch you in london
tommy
XAUUSD Trade Ideas 27/9/23 Will it ever stop? 📉Good evening gold gang!! sheesh what a day for gold! just bleeding out at this point. We caught good buys in the morning but was caught on the wrong side in NY expecting to pull back when it fell for the 3rd time!
When will it stop?!
Ok so we NEED to pull back in order to continue selling off .. the 1910 area on the chart is a great place to sell from .. so price could make its way back up there before dropping off once again
the Strong daily level marked on the charts is a great bounce point and i will consider buys from there up to the 1910
sells below that level to the algo level are valid too but im very aware of this pull back.
Its a pretty dry news day too so that might go in the buys favour
Other than that .. lets have an amazing day gang!
Follow along for the updates and like this post for me to spread the word of the gold gang!
catch you in london
tommyXAU