Gold XAU/USD (Gold is not a Safe Heaven)

Updated View On Gold XAU/USD (17 MAR 2020)

We had a strong sell down on GOLD yesterday and it was kind of overreact.
$1,450 is a swing support region and it is supported well for now.

At the same time, $1,550 will be a strong and decent resistant if there is any pull back up.



Let's 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.

Comentário:

Updated View On Gold XAU/USD (20 MAR 2020)

Gold is in the strong pullback recently and it hit decent support near $1,445-$1,472 region.
It may drift up for a time being but please keep in mind we are still under strong downtrend mode.

Let's see

DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!

Comentário:

Updated View On Gold XAU/USD (20 MAR 2020)

As we mentioned on 20 Mar, Gold is finding some support near $1,445-$1,472 regions.
It may not trend right now and instead, it shall go into sideways fashion with $1,540 as ceiling while $1,460 as a floor.

Comentário:

Updated View on GOLD XAU/USD (24 Mar 2020)

Did you follow our view on the potential rebound toward $1,540?
Congrats.

Since the price action is pretty bullish toward $1,57x region first before it met any sizable bearish pressure.

Do not short at this moment.

Comentário:

Updated View On Gold XAU/USD (28 MAR 2020)

We have witnessed a strong bullish attempt and it gets stalled near an immediate resistance of $1,640-$1,660 regions.
We can expect a potential further bullish action in the coming week as long as the price can stay above $1,600 region.

At the same time, $1,680-$1,700 shall act as a ceiling.

Comentário:

Updated View On Gold XAU/USD (30MAR 2020)

I am still holding the same analysis of 28 Mar 2020.

It is at getting stalled near 1630-1650 region and it shall break out soon.

We have witnessed a strong bullish attempt and it gets stalled near an immediate resistance of $1,640-$1,660 regions.
We can expect potential further bullish action in the coming week as long as the price can stay above $1,600 region.

At the same time, $1,680-$1,700 shall act as a ceiling.

Comentário:

Updated View On Gold XAU/USD (6 APR 2020)

Due to the latest data of CoVID data from US, we are experiencing a relief rally.

This shall spur some Risk ON moment for now.

So, Gold shall make some pullback UP for the time being until it hit the ceiling of $1,680-$1,700 regions.

Comentário:

Updated View On Gold XAU/USD (7 APR 2020)

Wham Bam! GOLD has hit our expected TP level.
Did you follow? Congrats.

It can go up to the next $10 or more best but be careful.

The ceiling is $1,680-$1,700 regions.