Gold Spot / U.S. Dollar
Updated

XAUUSD 12/5/23 Outlook. Finally a breakout!

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What is up gold gang, hope you had a great day as i did catching some pips after some actual volume plays today. I know a few of you got in from the DM's i receive .. i always appreciate it

OK what have we got .. well price is very close to flipping the weekly candle after making a huge wick .. so sells below that. These can play out in asian session so stay frosty all you folks on the other sides of the world.

DXY rocketed up today causing gold to shoot down and by looking at the dxy chart .. looks like the trend change and break of consolidation could actually happen! This means some nice movement for us .. hopefully in the downward direction lol

Buys are just before the top of the range there which is plenty safe enough to avoid fakeouts .. but we never know until the sessions start .. so again .. stay frosty like the snowman. Use tight risk management.

Other than that .. should be a straight forward day tomorrow .. thirsty friday too so lets make the last day of the week the best day!

SMASH the boost button for me and follow along for xauusd updates on this post during the day

tommyXAU
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congrats if you grabbed sells during asian session. Remember to take profits and manage your risk. Don't get greedy.

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updated buys and sell positions for NY session

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Thank you very much. Another banger!! What a way to end a slow week. If you got in with me .. hit the boost button.

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