Gold XAU/USD (It is knocking on heavens door!)
Updated
View On Gold XAU/USD (5 Aug 2019)
Did you follow our previous analysis?
We expected Gold shall be supported at $1,400 and resisted well at $1,450. It worked like a clockwork.
Is it luck?. Maybe not. We may use some tools that many traders do not know.
Anyway, Gold is in the strong UP tick momentum on early Monday and it is trying to break down the resistant of $1,450.
We can expect more upside as long as $1,420-$1,435 regions and $1,400 region support the price well.
I expect they can achieve it sooner or later and it should test $1,460 region pretty soon too.
Let's see and I will update again as the market continues to unfold.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Did you follow our previous analysis?
We expected Gold shall be supported at $1,400 and resisted well at $1,450. It worked like a clockwork.
Is it luck?. Maybe not. We may use some tools that many traders do not know.
Anyway, Gold is in the strong UP tick momentum on early Monday and it is trying to break down the resistant of $1,450.
We can expect more upside as long as $1,420-$1,435 regions and $1,400 region support the price well.
I expect they can achieve it sooner or later and it should test $1,460 region pretty soon too.
Let's see and I will update again as the market continues to unfold.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Note
Updated View On XAU/USD (7 Aug 2019)Our TP level is hit. Did you follow? Well, Congrats!
Since everyone is talking about $1,500 region, it is possible to there but going above it will be very difficult.
Do not get me wrong, I am not asking you to sell now as the price action is very strongly bullish. I just want you to be careful. I will let you know if any new thing starts to develop.
Stays with the bull side for now.
Buy us beer when you see us outside. Cheers.
Note
Updated View On Gold XAU/USD (8 Aug 2019)Man I just wanna go flex
Gold on my teeth and on my neck
And I'm stone cold with the flex
With my squad and I'm smokin' up a check.
Resistant 1500, 1515, 1525
Support 1480, 1475
Note
Updated View on Gold XAU/USD 13 Aug 2019We have strong bullish Price action on "extreme Monday " with no news.
Anyway, it shall retest 1525 region soon.
Note
Updated View On Gold XAU/USD (14 Aug 2019)$1,525 region is proven to be strong resistance.
We may be in for a decent pullback for now.
Ceiling : $1,500
Floor: $1,475 - $1,480 and next $1,450
Note
Updated View On Gold XAU/USD (15 Sept 2019)Do not get emotional (or) get carried over by trivial movements.
For BULL. I expect $1525-$1530 region will be decent resistant.
For BEAR. The Gold price has to break down $1500 level first.
Note
Updated View On GOLD XAU/USD (18 Aug 2019)I expect the recent GOLD Bull run to get stalled for a time being.
Gold price shall not be able to break above $1525/$1550 range easily. It will be under Sell/ Bear pressure and it can even go below $1500 for the time being.
Note
Updated View On GOLD XAU/USD (20 Aug 2019) The market has a nice sell down on "no news" Monday to trigger emotional trading among traders.
It went below $1,490-$1,500 and lured in some late shorts along the way.
In fact, the market is waiting for the news on Thursday FED info and Jackson Hole drama over the weekend.
Now.
Resistant 1505 -1515 - 1425
Support 1500 - 1490
Note
Updated View On Gold XAU/USD (21 Aug 2019)The Market is obviously waiting for the release of tonite FOMC minutes.
Uncle Donald is trying to devalue the USD by pressuring the FED to cut the rate.
So, will the FED cave in?
Now.
Resistant 1505 -1515 - 1425
Support 1500 - 1490
tradingview.com/chart/vrDNxUAV/
Note
Note
Updated View On Gold XAU/USD (22 Aug 2019)The FED meeting minute shows that not-all-of the official are keen cutting rate aggressively.
That may bring further strength on USD for now, thus Gold XAU/USD may get downward pressure.
Resistant 1505 -1515 - 1425
Support 1490
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