Gold Spot / U.S. Dollar
Updated

XAUUSD 18/5/23 Outlook. Dollar pumping!

780
Good evening gold gang .. back again for the outlook for tomorrow!

Yet ANOTHER win for us today taking the sells in the sell zone and taking quick profits before price reversing .. all predicted in last nights outlook. Congrats anyone who got in with me.

Ok for tomorrows outlook, we have unemployment claims news in the NY session so im hoping for some nice volume around that. Dollar is currently pumping out of its downward channel .. so lets see what the news gives us, if its continuation, then gold will continue to drop down further. YAY!

People ask me all the time, Tommy, where is gold going to .. i always give the same answer .. i don't know, nobody knows and if they say they do, they are lying. Gold does what it wants, and any news in the world is enough to flip it on its axis. This is why i trade the sessions only and react to what price gives me. Im normally accurate to 100 pip trades, which i think is pretty good .. what do you guys think?

Buy zone above the 1993 key level again incase we get bad dollar news .. sells should be straight forward other than the area marked on the charts is a strong 4h zone and price could reverse .. its 40 pips in but again take profits and pay yourself first!

other than that .. thats it! thank you so much for the likes and follows as usual .. hope im providing decent content for you guys

see you in the morning for the london open

tommyXAU
Note
we are knocking on the door of the sell zone .. lets lock it in!

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Note
updated levels for NY

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