Today GOLD - Volatility In Big FrameGold prices saw a decline on Monday after hitting a five-day high of $1,973 on Friday.
However, prices remained within last week's range, as investors turned cautious ahead of the US Consumer Price Index (CPI) and policy announcements of the United States Federal Reserve.
The bearish 89-day Moving Average (EMA) has been causing rejection, with the 14-day Relative Strength Index (RSI) below the midline, indicating a bearish bias in the near term.
However, a daily close above the 89 EMA could eliminate the possibility of a drop and trigger a new uptrend towards Friday's high of $1,973, with a challenge to the June 2 high of $1,983. Additionally, Gold buyers will aim to reclaim the resistance at $1990.
Goldtrader
XAUUSD Outlook 12/6/23 Big news week!What’s up gold gang! Hope you have had a great weekend and are ready for a big week on the gold chart.
I’m currently away on vacation and back later this week, but I’m still getting the outlook out to you in between the beers.
Ok, we have copious amounts of red folders this week so expect some volatility. Expect my levels to be broken and respected in the spikes. You know the drill.
I’ll update where I can guys but I’m having a well deserved break from the charts before returning to rinse them once again. Life is about balance guys, in my years in the construction industry, I’ve spent family time asleep sat in the chair as I was too tired from over working. Make sure you work hard but never forget to rest and appreciate what you have
Thank you for the follows and likes, I appreciate all of you
Tommy
Gold (XAUUSD): Before The Market Closed... 🟡
Many of you asked me to share the update for Gold.
One thing is certain: the market is in a deep consolidation:
the market is trading in sideways on a daily,
on a 4H time frame, we can spot a horizontal trading range,
one more horizontal range is also spotted on an hourly time frame.
That is what the absence of the news does with the market.
For those looking to buy, I can only suggest waiting for a bullish breakout of 1976 - upper boundary of a 4H range.
4H candle close above will most likely push the market higher.
If you want to short, watch 1960 support - lower boundary of hourly range.
If the 1H candle closes below that, a local bearish movement will be expected.
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1945 or 1985? Where is the destination today?On Friday, the gold and metals markets remained stable and were expected to experience a second week of growth.
This was due to the dollar weakening and predictions that the Federal Reserve would halt its rate hike cycle.
The yellow metal had its highest intraday gain in two weeks on Thursday, reaching the highest end of a trading range seen since mid-May due to an increase in weekly US jobless claims, which further supports the idea of a Fed pause.
In the short term, it is highly likely that the price of gold will reach $1985 as soon as it breaks out of the $1970 price zone. It is recommended to establish a breakout order at this price zone. Furthermore, based on the multi-frame chart, a bullish momentum is still warranted.
XAUUSD OUTLOOK 9/6/23 No real direction (please read)What’s up gold gang! Another amazing buy today as forecast. Beautiful.
I’m away on vacation currently but I’m still around to forecast my baby XAUUSD to help you all grab some pips.
Overall I believe we are in a big range with no real direction .. it’s like the market is waiting on some kind of huge news to propel us into some trend .. im sure something will pop up soon, but for now, we are playing the range.
Buys and sells are on the charts, my advice is to grab small pips where you can as the market is very unpredictable currently .. I’ll update where I can whilst I’m on vacation.
Please like and follow along for constant gold updates
Tommy
Gold trading recommendations today
The current key pressure position is the 1957 position, which is the market pressure position and the moving average suppression position! Today's rebound relies on this pressure to continue shorting. The support below pays attention to whether the 1930 line breaks. If it breaks, the market will start a new round of decline!
Trading straregy:
gold: sell@1955 tp1:1940 tp2:1930
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD Outlook 8/6/23. This is interesting ..Good evening gold gang .. another winning analysis today even thought the price was difficult to enter on until the news this afternoon.
Price hovered around the key level until shooting down in London and reversing .. then spiking up above the zone before falling all the way down to my sell zone and closing heavily bearish.
What is really interesting is that price spiked up to the exact price that oanda “glitched” to last Monday with them claiming it was an error .. there are no errors in the world of finance.
Did oanda show their hand by mistake? We will never know I’m afraid lol
Buy zones and sell zones are placed on the chart guys looking for closures as usual.
Im travelling tomorrow so I won’t be on the charts often until after New York session as I’ll be in the air.
Catch you tomorrow guys, follow along for constant updates and smash that’s boost button!
Tommy
Gold is at fare value to buyIn one day time frame we can see a w pattern is forming and trading. And gold is trading at a fare value my view is to buy some quantity.
After breaking the neckline of w enter as your risk.
With a small stoploss.
Buying zone Target and stoploss everything is mentioned in chart.
It will take around 1 to 2 months to reach Target 🎯
Gold trading recommendations today
Gold rose directly with marginal support yesterday
Looking at the 4-hour cycle, the price of gold is still below the trend line. On Friday, the price of gold touched the downward trend line, and gold plummeted even more, putting pressure on it. It is easy to see that gold is now in a oscillating trend, because the high and low points extend horizontally, and the gold price shuttles back and forth on the moving average, which has ruled out the unilateral trend, and now it is a oscillating trend.
Based on this, I judge that the price of gold is in a volatile market in a downward trend. Sooner or later, gold will fall below and start a plunge mode.
Trading straregy:
gold: sell@1961 tp1:1951 tp2:1946
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
GOLD is trying to get out of controlThe Federal Reserve has stopped raising interest rates, which means that assets like gold may have higher rates for a longer time.
Gold has not seen much demand as a safe haven in the past month, but a potential recession in the US and Europe could change that.
Buyers are optimistic due to a positive chart pattern and sustained trade in XAU/USD above the EMA at $1954.
The RSI (14) supports this uptrend, but there is limited room for growth.
The price range of 1966-1952 is narrow, and it may increase during the Eurasian session. However, volume management is important, and an absolute stop loss is recommended during strong market fluctuations.
The strategy for selling around 1975 and buying around 1950-1945 has been indicated and can be applied accordingly.
XAUUSD Outlook 7/6/23 So many rejections ❌Good evening gold gang! Well, we got the 4hr pull back and rejection trade. Congrats if you got it too.
A relatively slow day for gold today as there was no USD news. Price tried and failed multiple times to break and close with conviction above the 1963 and on the open of the new 4hr at 14.00 .. rejected it properly and thats when i entered. Price came down 6 pips short of target and reversed back up to the 63 once again.
This shows how powerful my levels are when price sticks to them so well.
A close above the 63 and its wicks .. better entry marked in green .. would be great for buys up to the target. Sells are in the same spot with nice clean traffic to move down should dxy soar.
Its another weak news day tomorrow other than some orange folders in the afternoon .. so lets see what we get for volume.
Good luck gold gang! make sure you are following along for constant updates during the day (you'll get notified)
any questions, bang them in the comments and ill answer you.
tommyXAU
XAUUSD Outlook 6/5/23. 4H Pullback? 📉Good evening gold gang! hope you are all well and had a good day on the charts catching sells and buys with me!
Ok the initial sell in london was nice after a push in asian .. managed 50 pips before price struggled to break that 1938 which is very strong! .. 4 candles could no do it. News came out bad for the dollar and we got a push up, a close and an entry long catching 100 pips up to the second target to the tee!! Amazing work.
Price is currently at one of my levels leaving a nice load of clean candle to the left just waiting to be filled. Reversals from this area are valid, just use confirmation to get in.
As for the rest of the session, there is no clear direction as of yet. AUD news in the asian session could boost us but there is no USD news tomorrow so we could be in for a quiet one ..
Buys and sells are there on the chart for you to note .. both zones clear and ready to be taken providing we get the volume.
Thank you for all the likes and follows .. appreciate you all! lets make the gold gang the biggest community on here!
see you in london
tommyXAU
What to Expect From Gold on Monday? 🟡
Gold is trading in a wide horizontal trading range on 4H time frame.
After the test of the upper boundary of the range, the market dropped sharply
following the NFP release.
I believe that the market will most likely keep falling to the support of the range.
Next goal for sellers - 1939.
Consider an occasional pullback for safe entries.
❤️Please, support my work with like, thank you!❤️
Gold trading recommendations today
The gold Yinxian fell below the 1-hour mid-track, which is the best signal for the end of the bulls, which is to be shorted, but this cannot determine the low point, so we can only use other methods to continue to hold short orders
Although there is a bottom structure, gold has not yet tested whether the neckline support is effective. Moreover, the price of gold was suppressed by the daily pressure level yesterday, and it plummeted by 15 US dollars in a straight line, which shows the great pressure.
Trading straregy:
gold: sell@1962 tp1:1952
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD Outlook 31/5/23. Very strange price action 🤔Good evening gold gang! hope you are well and survived todays price action.
We started off with a 100 pip fall down to the key level in asian session .. the first in a while with any volume. Then a correction in London followed by a push through for a total of 400 pips of movement, 300 in once direction.
A nugget here for you guys, Gold normally moves in corrections. What i mean by that is if it runs one way in london, you will usually see the reversal in NY. shh. Dont tell anyone
My zones and targets were met, but not tradable as the price action did not line up. The 1m strategy, which im calling Gold Gang Concepts , did well and i managed to bag a few pips with it. Not bad.
Ok the zones for tomorrow .. the buys are very nice with clean traffic to the left .. nothing to stop it hitting target should we get a close up there.
Sells a little further away at 1944 to allow room for anything untoward in asian.
We are ignoring the spike up from Monday as ive put on the charts.
Ok gang happy trading .. shoot me a comment if you have any questions and follow along for constant updates during the day.
TommyXAU
GOLD (XAUUSD): Key Levels to Watch This Week🥇
Here is my latest structure analysis for Gold.
Support 1: 1932 - 1940 area
Support 2: 1885 - 1890 area
Resistance 1: 1952 - 1957 area
Resistance 2: 1984 - 1985 area
Resistance 3: 1998 - 2010 area
Resistance 4: 2034 - 2048 area
Resistance 5: 2079 - 2081 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
Gold trading recommendations today
Gold rebounded but 1950, continue to be short
The current decline of gold is still the same, the rebound is not under pressure, and it will continue to make new lows after the shock! Relying on the key pressure position is short
The current gold is undoubtedly still in a downward trend. On the 4-hour level, gold fluctuates all the way down! And it keeps breaking new lows, and the high point connection forms the suppression of the current downward trend line! It is also the key resistance of this rebound!
Before breaking through the suppression of the downward trend line, gold will continue to fluctuate downward, and will continue to break new lows! The longer the shock, the stronger the explosive power!
Trading straregy:
gold: sell@1950 tp1:1935 tp2:1925
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold trading recommendations today
The current decline of gold remains unchanged, and the rebound is still a short-selling opportunity! The pressure in 1957 above is obvious!
The current gold is in a downward trend. Shorting is the only strategy at present. The thinking is clear. The remaining execution points rely on key pressures, and we should deal with them immediately!
From the perspective of the 4-hour level, gold fluctuates and fluctuates, and after each shock, it will break a new low! Mainly operate at high altitudes, relying on the suppression of the downward trend line, and the upper horizontal pressure of 1957 to dry up, continue to look at new lows!
Trading straregy:
Trading strategy for next week:
gold: sell@1957 tp1:1950 tp2:1940
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold trading recommendations today
The current decline continues, without any upward signals and rebounds, and the rebound is an opportunity to short again! The 1954 pressure position continues to be shorted, and the 1950 can be directly shorted
Trading straregy:
gold: sell@1954-1950 tp1:1940 tp2:1930
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD Top-down analysisHello 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.
USDJPYas we look at the chart usdjpy, and see on weekly where it drop after reaching 151 price line market has return where it breaks out as seen on the chart with trend line my conisidration is that look daily chart and get confirmation on 1h chart frame for long sell. this is not financal advice. #usdjpy