Gold XAU/USD (Going Sideways Before the next Break Out)
Updated
Updated View On Gold XAU/USD (8 APR 2020)
Gold is taking a breather after 2 days of strong movements.
This is how the market confuses the traders.
It is no longer bullish nor not exactly bearish.
Anyway$1,680-$17,00 will be strong resistant while $1,620-$1,640 will be strong support.
Let's wait and see.
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.
Gold is taking a breather after 2 days of strong movements.
This is how the market confuses the traders.
It is no longer bullish nor not exactly bearish.
Anyway$1,680-$17,00 will be strong resistant while $1,620-$1,640 will be strong support.
Let's wait and see.
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 (10 APR 2020)Gold is back to the immediate trend line and it has reclaimed its bullish momentum.
We do not see any Bear momentum at this moment.
We shall/may see $1,700 region again.
Note
Updated On XAU/USD (13 APR 2020)Did you follow our analysis of 10 APR? Cheers. Nice Profits.
$1,700 is on sight.
Note
Update on GOLD XAU/USD (15 APR 2020)Did you follow our analysis? A nice +700 pips move we had.
Take some profit, if you can.
$1,750 region may act as minor resistance.
BUT you should not take any short positions just yet as the momentum is too strong on the BULL side and the price is still above the "immediate uptrend line".
Note
Updated View On Gold XAU/USD (24 APR 2020)Did you follow my analysis on 10 APR? GOLD price has passed $1,700 as expected.
It may seem a little expensive to chase but it doesn't mean it is about to crash down. Do not put too much emphasis on the use-less price action.
AS long a 1,675 is supported. it shall go to $1,750 or more soon.
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 (28 APR 2020)Gold is making a minor pullback on a NO News period and it is using $1,725 as a resistant.
I do not think it will last long and soon it shall rise up again.
So, if you want to go in a buy, please be patient a bit.
AS long a $1,675 is supported. it shall go to $1,750 or more soon.
Note
Updated View On Gold XAU/USD (29 APR 2020)Gold had a specular intraday recovery and it is now priming for a good run-up.
We can expect it to rush back to $1,725 region. At the same time, please keep in mind that we have FED rate decision on late Wednesday.
Note
Update on GOLD XAU/USD (13 MAY 2020)We are in the WILD swing period, and the market will get tricky.
In this kind of market condition, it can suck you and chew your position out if you are not being careful.
$1670-$1680 will be a good support.
$1725-$1750 will be a good resistant.
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