Gold XAU/USD (Ready for a ride?)
Updated
View On Gold XAU/USD (30 Mar 2022)
We have a strong run up in the recent weeks due to the ongoing war in Ukraine and it may be about to end soon.
Moving forward, I expect Gold will still be in the overall UP trend with the inflationary risk on the horizon.
But we also can expect wild swings ahead first. So, it is better for the trader to use wait and buy slowly approach first.
For now, if the current strong support of $1,900 is broken down, it may as well retest the $1,880 or $1,840 first. Be Patience if you want to buy in.
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.
We have a strong run up in the recent weeks due to the ongoing war in Ukraine and it may be about to end soon.
Moving forward, I expect Gold will still be in the overall UP trend with the inflationary risk on the horizon.
But we also can expect wild swings ahead first. So, it is better for the trader to use wait and buy slowly approach first.
For now, if the current strong support of $1,900 is broken down, it may as well retest the $1,880 or $1,840 first. Be Patience if you want to buy in.
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
View On Gold XAU/USD (8 Apr 2022)For Gold. we are still seeing the possible side way swing (or) may even see some pull back for short term frame (1 week to 1 month) first.
So, we are not hurry to take any immediate BUY positions just yet.
Note
Updated View On Gold XAU/USD (3 May 2022)Follow our analysis on 30 Mar? THe price of GOld is at $1,840 as expected.
The another nearest support is $1,820 region and there shall be some sort of bounce possible.
So, please do not get carried over the shorting frenzy from now on and be very careful with the sell side for now.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
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