Gold XAU/USD (Aug 1st will be the Grand Finale)
Updated
View On Gold XAU/USD (15 July 2019)
Gold had a nice BULL run in gold last June. It moved nearly +1,500 pips and it'd have burst a lot of stubborn traders' accounts with their short positions (You should be fine if you followed our previous analysis).
It reached up to $1,440 region in July and went into the sideways movement ever since.
Looking forward, I expect the "BIG RANGE BOUND" movement is here to stay.
It can go up higher but $1,425/$1,440/$1,450 regions will be the tough level to break up while $1,390/$1,381 will act as support regions too. So, get ready to take a profit once the above-mentioned levels are hit.
The whole market is expecting a rate cut on Aug 1st and the FED might have some tricks under its sleeve.
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 had a nice BULL run in gold last June. It moved nearly +1,500 pips and it'd have burst a lot of stubborn traders' accounts with their short positions (You should be fine if you followed our previous analysis).
It reached up to $1,440 region in July and went into the sideways movement ever since.
Looking forward, I expect the "BIG RANGE BOUND" movement is here to stay.
It can go up higher but $1,425/$1,440/$1,450 regions will be the tough level to break up while $1,390/$1,381 will act as support regions too. So, get ready to take a profit once the above-mentioned levels are hit.
The whole market is expecting a rate cut on Aug 1st and the FED might have some tricks under its sleeve.
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 (16 July 2019) There isn't much development on Monday.
My previous view remains the same.
Note
Updated View On Gold XAU/USD (17 July 2019) There isn't much development for the past two days.
My view on GOLD remains the same as per the main post.
DO NOT expect big moves like last June.
Note
Updated View On Gold XAU/USD (15 July 2019) The Whipsaw Wednesday never failed to surprise the traders.
It went down to $1,400 region before the speculator recovery by the end of the day. Now, those shorts positions that taken the early week are trapped.
What we can learn from this episode is there aren't many participants in the market at the moments. The market shall behave erratically before to the Fed event on Aug 1st.
It can use $1,425/$1,440/$1,450 as the resistant regions while $1,400/$1,391/$1,380 as support regions. Trade Safe.
Note
Updated View On Gold XAU/USD (19 July 2019) Gold is making a strong swing up to the resistant region of $1,450, during low news Thursday/Friday.
Since the daily PA is on the bull side, think twice before you take any new short positions (or) watch them closely.
The market shall behave erratically before to the Fed event on Aug 1st.
Note
Updated View on XAU/USD Gold (22 July 2019)It is eerily Calm before the storm. Get your popcorn ready.
It can dive to $1,405-$1,410 supportive regions first.
Note
Updated View on XAU/USD Gold (23 July 2019) The market is sliding as we mentioned yesterday.
It can dive to $1,405-$1,410 supportive regions first.
Aug 1 will be Big. Get your popcorn ready.
Note
Updated View on XAU/USD Gold (24 July 2019) It can dive to $1,405-$1,410 supportive regions first.
On the flip side, $1,425-$1,430 will be strong resistance region. So the price shall not easily break the regions up.
Aug 1 will be Big. Get your popcorn ready.
Note
Updated View on XAU/USD Gold (25 July 2019) There wasn't any BIG development on Wednesday.
Gold is hitting around Support/Resistant level to run the stop-loss positions. Nothing significant.
$1,425-$1,430 will be strong resistance region. So the price shall not easily break the regions up.
It can dive to $1,405-$1,410 supportive regions too.
Boring.
Aug 1 will be Big. Get your popcorn ready.
Note
Updated View On Gold XAU/USD (15 July 2019) Guys, Learn to at the charts at bird-eye-view.
It has been in the tight range for the past 3 weeks.
DO NOT get emotion over the small trivial daily tight move.
DO NOT chase the market and change your direction often.
If not, you are get slaughtered during the rangy period. This is how the new/noob traders lose money in trading.
In fact, the market is not doing anything significant as it is waiting for 1 Aug.
Meanwhile, it can go to 1401-1407 as a retest.
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