XAUUSD 26/4/23 Outlook, wait for the range to break
Good evening gold gang! I hope you are well.
wow pretty boring day up until this evening on the gold chart! .. lets start off with last nights Asian session, buys were there and a few of you managed to grab the 50 pips before price reversed in London. Price then flip flopped up and down for the rest of the day up until around 18.00 gmt where we got volume and a close above in our zone. BOOM 100 pips there for the taking .. i did not enter as it was outside my usual trading hours. Discipline.
Ok on to tomorrows outlook .. I’m looking to wait now for price to break out completely of the range. As marked, its very messy near current price so i would not want to be caught up there in a position.
Price is very clean above 2012 .. so ill be hanging in there for that. Sells back below the 1973. It’s a huge no trade zone but the rest of the price is too choppy for me to risk capital.
Thanks again for the likes and follows .. means a lot. Please smash the like on this and ill catch you in the London session
TommyXAU
wow pretty boring day up until this evening on the gold chart! .. lets start off with last nights Asian session, buys were there and a few of you managed to grab the 50 pips before price reversed in London. Price then flip flopped up and down for the rest of the day up until around 18.00 gmt where we got volume and a close above in our zone. BOOM 100 pips there for the taking .. i did not enter as it was outside my usual trading hours. Discipline.
Ok on to tomorrows outlook .. I’m looking to wait now for price to break out completely of the range. As marked, its very messy near current price so i would not want to be caught up there in a position.
Price is very clean above 2012 .. so ill be hanging in there for that. Sells back below the 1973. It’s a huge no trade zone but the rest of the price is too choppy for me to risk capital.
Thanks again for the likes and follows .. means a lot. Please smash the like on this and ill catch you in the London session
TommyXAU
Comment:
good morning gold gang .. no trades to be taken in asia .. we need this range broken to get some direction back in the market. Price still hanging around the 1993 key level. DXY still in the channel ... interesting
Comment:
Another boring range day for XAUSUD other than an impulse up .. where did it land .. the messy range. Price quickly reacted and shot back down to the 2003 key level .. (not shown on chart) .. this is why we should always follow the plan. Lets wait to see if we get into the buy zone by end of day.
Comment:
Updated sell levels.
Comment:
No closure for me at the end of the trading day .. if you are still at the charts, a close below the 1993 is what i was looking for. Good luck guys!! Ill jump on later for tomorrows outlook. #goldgang
Comment:
Boop. All the way to target. I’m gutted as 2 days in a row now we have had volume after my trading hours .. the gold gang took it though and absolutely destroyed the target once again. Amazing.