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Gold Spot / U.S. Dollar
Updated

XAUUSD Outlook 1/8/23 I was the only trader bullish today 🙃

595
What is up gold gang! .. we did it again! Beautiful buys planned and executed with precision. Congrats anyone who got involved.

All over social media and here i saw analysts saying sell gold at the open .. it will fly down this week .. and i was getting DMs saying the same .. but people always forget one thing.

Higher time frame structure.

As long as we are making higher highs and lows .. we still moving up baby. Simple.

The push down into the imbalance on the 1h today and rejection was music to my ears and i jumped in for a buy. Then the second buys came at NY open with price breaking into the buy zone and a rejection followed by a big push. A total of 80 pips caught today which was a nice end to July.

On to tomorrow! .. well we have DXY leaving its range to the upside currently and gold mitigating the daily level (just missing by 10 pips) .. so tomorrow we could see some sells take place.

As usual buys and sells are on the charts as well as reversal spots in blue.

We have some news later in the day tomorrow so that should help us with the direction .. until then, lets see what london brings :)

You are insane if you're not following along. Im an actual trader here not an AI bot so you get my true thoughts and emotions in the charts in my nearly 5 years experience trading gold.

drop a like too!!

catch you in london

tommyXAU
Note
updated the buy position gang

snapshot

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