Gold Spot / U.S. Dollar
Updated

XAUUSD 10/5/23 Outlook. CPI

848
Good evening gold gang!! another boring day today with very little volume and when it came .. price was very scatty. A trade became available to us in the buy zone way after hours and some of the gold gang took it .. it ran 50 pips in the end which is still a nice wedge.

Tomorrow we have a nice juicy news item by the way of CPI .. the market has been acting strange in the build up to this .. so this can mean we will get some actual direction for the first time in a while.

Again, i don't gamble .. i set my alerts in the key areas and wait patiently for the trades to come to me. One of the levels will get activated tomorrow but nobody knows for sure which one .. if you see anyone thats says they do .. check their hard drives

DXY doing much the same but still kind of in a downwards channel .. i cant see gold hitting all time highs unless there are real bad numbers tomorrow for dollar.

Imbalance filled from the big drop last week .. SMC guys will think this is a reversal now and if it is .. we can wait for the sell zones to play out.

My analysis caters for all strategies as ive pretty much tried them all .. so i know what you all think lol

Catch you tomorrow for the london session .. until then .. stay frosty

tommyXAU
Note
good morning gold gang! .. updated buy positions for gold.
snapshot
Note
price hugging that 2031 key level very tightly .. waiting for news in 40 mins. Lets get out of this boring range!
snapshot
Note
additional buy position for gold incase it spikes straight through
snapshot
Note
congrats anyone who took the buys .. absolutely beautiful. Ive updated the sells spot.
snapshot
Note
Boop .. another trade saved by the level. Thats why i always wait for a close. Check the reaction! .. wow

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.