Gold Spot / U.S. Dollar
Long
Updated

XAUUSD Outlook 11/7/23 Huge rejection on the daily!

865
Good evening gold gang! .. gold really did do what i told it last night with all predictions coming true to the pip. Amazing. I love this game!

No news days are great for reversal trading so my testing proves .. so we shall bear that in mind in the future.

Price has closed very weak bearish with a huge 100 pip rejection wick. This coupled with a bearish DXY says we will likely come up tomorrow.

Lets avoid the mess in the purple box and get into the nice range in the buys zone, which is host to a tasty triple top! .. if you don't know what a triple top is .. its a spot where price has failed to break 3 times with wicks .. so there are lots of sell orders there. The market will be after those stop losses so im expecting a move up there tomorrow or weds.

No news again tomorrow .. albeit we did get some volume today .. so lets see what we get tomorrow!

sells are there too incase we flip the candle .. thats the beauty of my style .. we adapt to anything and TAKE what the market gives us .. not what we expect.

as my mate bruce lee said .. "be like water"

Make sure you are following on for constant updates. Follow me on other platforms too to keep up to date.

catch you in london

tommyXAU
Note
Wow price really did go for that triple top i marked. Incredible.

snapshot
Note
another win guys .. price came up to grab the liquidity at the triple top as discussed and i took sells below the key level 1934 in NY ... amazing!!

snapshot

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