Gold XAU/USD (Is it a good inflation hedge?)

Updated

Gold rose strongly on the Monday, to catch its younger brother, BTC.

Gold is at near resistant of 1944-1955 region. So, It can go sideway swing first.

$1,930-$1,925 is support.

Overall trend is still UP, due to the strong bullish candle yesterday.

Let' see.

DYODD, all the best and read the disclaimer too.
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Thank You!

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Note

Updated View On Gold XAU/USD (6 Jan 2021)

As mentioned 1940-1955 region is a strong resistant, and I expect the side way swing for here.

Just keep mind, the trend overall is still UP.
So, it it better to wait a strong support level for a BUY,

Note

View On Gold XAU/USD (11 Jan 2021)

We had a strong Monday swing and it took out SL at the areas of $1,815-$1,819 region.

I see $1,850~$1,860 region is a good resistant.
If it is able to break up, it will be back to BULL mode.

So, as long as the above mentioned region is not broken up, do not jump "big" into the long yet.

Let' see.

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 (29 Jan 2021)

Gold is swinging around 1835~1860 region, and if $1,860~$1,870 region is broken up, things can go UP pretty fast.

When it happens, $1,890~$1,900 region will be next. Be careful.

SonicDeejay

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