Gold XAU/USD (Wanna Play? You Gotta Pay)
Updated
View On Gold XAU/USD (19 MAY 2020)
We had a strong sell down on GOLD yesterday and I see it as a typical technical play.
It was a move to wipe out intraday traders who were aggressively adding long positions.
The swing back may take the price of gold to $1,700-$1,725 regions but the bullish trend is still intact.
We suggest you wait for a long set up patiently.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
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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 had a strong sell down on GOLD yesterday and I see it as a typical technical play.
It was a move to wipe out intraday traders who were aggressively adding long positions.
The swing back may take the price of gold to $1,700-$1,725 regions but the bullish trend is still intact.
We suggest you wait for a long set up patiently.
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 Gold XAU/USD (28 MAY 2020)Gold has found some resistant region near $1,725 in recent days.
That's the reason why it drifted lower in search of the strong support to come in.
I am expecting the region of $1,670-$1,690 shall support the price hard.
As long as the price could not break the support region strongly, we shall see the further upside in Gold in the near future.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Note
View On Gold XAU/USD (11 JUNE 2020)Gold made a strong breakout last night and it has pushed an important level of 1710-1720 region.
Now it is resting near swing support of 1735 religion.
If there is any pullback 1710-1720 region shall act as a good support region first.
Note
View On Gold XAU/USD (22 JUNE 2020)As mentioned, Gold is supported well and it is climbing slowly in the early Monday.
It should have a quick swing to $1,750 region and as long as $1,725-$1,730 (Region 1) and $1,710-$1,720 (Region 2) holds, it shall still be a UP trend.
We do not see any BIG reason to call for a Short, yet.
Note
View On Gold XAU/USD (26 JUNE 2020)Gold is trying hard to break the strong resistant level of $1,775 level but it fails to do so at this moment.
It may swing back down to $1,725-$1,730 regions first.
So, we are cautiously bullish.
Note
View On Gold XAU/USD (29 JUNE 2020)The reversal move of last Friday caught everyone by surprise.
It proved that Gold has a strong bullish backing.
We still can't rule out the possibility of it swinging back to $1,725 region but as long as that region is not broken, we shall see a $1,800 region soon.
Note
View On Gold XAU/USD (1 JULY 2020)Gold has a decent bull candle and it is under the bullish momentum.
and $1,800 is around the corner (for CFD).
Gold Price shall go the retest $1,800 soon. The current price is $1,782.
Let's see.
Note
View On Gold XAU/USD (28 JULY 2020)Gold was rising on the potential agreement on the new round of stimulus (Free Money for USSA), and it might almost the done deal now.
As the saying goes "Buy On Rumors, Sell on News".
At the same time, we have Gold Futures expiry today and FOMC FED rate tomorrow.
It could the great catalyst the put the stop of the parabolic uptrend,
For sure, Gold is the uptrend for mid and long term but we also need to take in considered of the potential pull back too.
If the price fails to break $1,950 again, it can easily pull back to $1,900 region.
Note
Updated View On Gold XAU/USD (12 AUG 2020)Follow our advise that made on 28 July? (Go read our previous post)
Finally, the parabolic trend line is broken and now $1,900 region is retested.
The higher it climbs without any resistant, the harder it falls too.
The 2 weeks of advancements were taken out in a matter of 1 day. That's is where proper risk management is a must.
Now, it shall use $1,950-$1,977 region a resistant while $1,880-$1,900 as support. This is where the healthy UPtrend line is.
Be careful with buying in at this moment as the momentum is strong on the sell side.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Note
View On Gold XAU/USD (14 AUG 2020)Gold went down pretty hard to the support region of $1,850 region and it is making a rebound right now. (Dead Cat Bounce?)
If there is any pull back up, $1,960-$1,980 region shall be a strong resistant region.
Thread with caution.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Note
View On Gold XAU/USD (17 AUG 2020)Last week, the gold market have proven that Risk Management is hallmark of trading by wiping out 2 weeks out gain within 2 days.
Now it is suffering from the aftershock of monstrous move. So, I expect more wild swings (or) range bound session between $1,900-$1,980 region.
And overall trend is still bullish but 1100/DAY moves are over.
Note
View On Gold XAU/USD (18 AUG 2020)As we expected, the overall trend is still Bullish.
It has moved over 2K barrier again and we will need to find out on the reaction of FOMC meeting minute on Wednesday.
As for now, the overall trend is still bullish. Think twice before taking any short trades and you will need a decent bearish candle to enter if you really want to short. Be careful still.
Note
View On Gold XAU/USD (20 AUG 2020)Gold couldn't stay above 2K level and it dived hard yesterday.
Now it is making a minor pull back. Now we have 1980-2000 level as hard resistant now.
If the bear pressure persists, it can re-visit to 1900-1920 region.
Be careful.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Note
Updated View On Gold XAU/USD (21 AUG 2020)The view is still the same, 1945-1955 will be strong resistant.
1900-1920 region will be strong support.
Overall, I expect a BIG sideway swing with slight bearish bias.
Note
View On Gold XAU/USD (25 AUG 2020)Follow our range-bound prediction of last week? it came true.
This week is going to be an important one.
As the world leaders gather for the Jackson Hole Symposium in the coming weekends, Gold price is getting ready for the next move.
For now, it shall use 1900-1910 region as support while 1975 as resistant.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Note
View On Gold XAU/USD (2 Sept 2020)If you think the market is ditched by some technical analysis and candles alone, think again.
This is what happen, Gold has no serious buyer, the ramp up the Monday/Tuesday was "thinly" pushed. So, it was crushed around $1,990 region and it just pull "back" to the range positions.
The major sell down may "not" be on the card but we expect some decent pull back to the attractive buying region soon.
So, we are not in the hurry to buy at this moment. $1,923 and $1,900 shall be next and we have NFP on the coming Friday.
Note
View On Gold XAU/USD (3 Sept 2020)Did you follow our analysis of yesterday? Our expected TP level is hit.
I shall stays around 1920-1930 for now and NFP will bring another leg move.
I expect it will be a downward move.
Note
View On Gold XAU/USD (8 Sept 2020)As we expected, Gold has failed to show to signs of any bullishness at this moment.
It can drift toward 1900-1910 for now, it is not advisable to add any long positions just yet.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Note
View On Gold XAU/USD (10 Sept 2020)We have some pull back up as it has hit a strong support region of 1900. (We mention that region in the prev analysis)
If you look form the bird eye view, Gold price is just swinging around between 1900=2000 for the past 2 weeks, so do not get carried away by the price action or momentum.
We are Neutral bias for now. No hurry to buy in (or) sell at this moment.
Note
View On Gold XAU/USD (17 Sept 2020)Powell's speech was supposed to be inflationary but the markets does the opposite anyway. Why?
Because the market knows more than central bankers does.
Too low rate for too long will spur deflationary pressure than the inflationary.
Gold is making a pull back down and it should retest 1910 or 1900 soon.
Note
View On Gold XAU/USD (22 Sept 2020)Gold just broke DOWN the Strong up trend line that started in the last March 2020 and things are going to get tricky.
Do keep in mind that it is still above "normal" uptrend line.
So, we can say the main trend is UP while the immediate trend is DOWN.
That's why it is not in the hurry to go into long just yet. I expect 1800-1860 shall be a good support region.
Note
Update View On Gold XAU/USD (23 Sept 2020)We are still holding the same view that we posted yesterday.
It is not in the hurry to go into long just yet. I expect 1800-1860 shall be a good support region.
Note
View On Gold XAU/USD (25 Sept 2020)Gold is showing signs of pullback as it had hit the swing support level of $1,860 yesterday.
Since we are a lot of congestion going on at this moment, we may see some sort of swing up action as well.
Anyway, keep in mind that as long as 1950 region is not broken up, we shall still be in the downward swings of lower high lower low.
Note
View On Gold XAU/USD (1 Oct 2020)Risk On is creeping back on the stimulus hope and GOLD is trying to break the previous resistant of $1,900.
At the same time, $1,880 and $1,860 have become supports as well.
IF $1,900 level is broken strongly up, GOLD may retest the next "resistant" of $1,920 regions.
Note
View On Gold XAU/USD (2 Oct 2020)As we observed yesterday, $1,900 level is still the main level of dispute.
We need to watch it very closely. Apparently the price is getting comfortable staying above the line.
IF $1,900 level is broken strongly up, GOLD may retest the next "resistant" of $1,920 regions.
Note
View On Gold XAU/USD (2 Oct 2020)Gold made a strong break on $1,900-$1,911 resistant and it is priming for the next UP move.
As long as the $1,911 region is strongly defended, we can see the further rise toward $1,940-$1,950 region soon.
Note
Updated View On Gold XAU/USD (16 Oct 2020)We are seeing some bullish attempt in the past 2 days ( pin bars of the past 2 days). It is weak but still a bullish attempt.
We may see it retest $1,918 or $1,929 region or even higher.
We are in Neutral/Slight Bull.
US election is just around the corner, be careful.
Note
Updated View On Gold XAU/USD (19 Oct 2020)Our Neutral/Slight Bullish stance still hold on GOLD.
We will need to pay attention on the development of Stimulus bill right now in the US senate.
If it is getting more real, we shall see the higher price soon.
We may see it retest $1,918 or $1,929 region or even higher. $1,880 is a good support region.
US election is just around the corner, be careful too.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
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