Gold Spot / U.S. Dollar
Updated

XAUUSD Outlook 17/7/23 Big break out 🕊

757
What is up gold gang! its that time once again! .. its market open time and we are ready for another week.

Ok price closed right at a strong weekly level .. and thats probably why its been ranging hard for the last few days. We are due a nice breakout now to the upside .. or the down. Right now its unclear.

The rejection on the weekly would say to me we are heading to the downside.

I have drawn on the chart there what i want to see for the sells .. a strong candle close on the 1h or 30m with a wick up .. then an entry as it flips. I call that the tommy classic.

DXY still making higher highs looking to fill an imbalance .. so that would also mean we can be going down here.

The sell spot is close to current price .. so if its moving in asia .. fast fingers gang. Ill be asleep but hopefully it will wait for me in london session.

buys up out of the range incase we get them .. same again strong candle closes required before entry

reversal is there too for the reversal gang .. you know who you are

other than that .. lets have a great week gang! no silly mistakes .. im looking forward to some trend following the range of death we have been in since wednesday

if you are not, follow me on here. I update my trade ideas all the time so don't miss out

catch you in london

tommy
Note
we're back into the range util news .. lets see if we can jump out of the range come 1.30!

snapshot

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