Gold XAU/USD ($1.4K is Support & $.145K is Resistant)
View On Gold XAU/USD (27 July 2019)
We will be having the FED item in the coming week and it is very likely that a 25bps rate cute is a given.
There are 2 major regions that I want you to take note.
Support: I am expecting $1,395 to $1,400 region to act as very good support. We can't be firm on the major pullback until the previously mentioned support is broken strongly.
Resistant: I am expecting $1,425 to $1,430 region to act as a very good resistant. The gold price shall not pass the region easily. Upon the rate announcement, the price may make a quick swing up above $1,450 just to have a pullback down in the near term.
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.
We will be having the FED item in the coming week and it is very likely that a 25bps rate cute is a given.
There are 2 major regions that I want you to take note.
Support: I am expecting $1,395 to $1,400 region to act as very good support. We can't be firm on the major pullback until the previously mentioned support is broken strongly.
Resistant: I am expecting $1,425 to $1,430 region to act as a very good resistant. The gold price shall not pass the region easily. Upon the rate announcement, the price may make a quick swing up above $1,450 just to have a pullback down in the near term.
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.
Comment:
Updated View On Gold XAU/USD (1 Aug 2019)
It ran down to $1,400 TP level as we expected. Well almost.
This is one of the possibilities that we expected.
"If the FED cut any small basis point (or) keep the same rate, it shall trigger the sell down toward at least $1,400. "
I expect $1,400 shall give decent support.
So, it is kind of late to short and too early to long.
It ran down to $1,400 TP level as we expected. Well almost.
This is one of the possibilities that we expected.
"If the FED cut any small basis point (or) keep the same rate, it shall trigger the sell down toward at least $1,400. "
I expect $1,400 shall give decent support.
So, it is kind of late to short and too early to long.
Comment:
Expected $1,400 level is hit.
Comment:
Update View On Gold XAU/USD (2 Aug 2019)
Yesterday was the day that kills intraday 'followers'.
Still wanna trade intraday purely based on PA and indicators?
It is better to do charity outside.
It retested $1,400 support (that we mentioned) and rebound strongly upward, trapping a lot of shorts in the process.
Now, it may climb up higher near $1,450 to eat the shorts' Stoplosses but that region will be defended strongly.
Yesterday was the day that kills intraday 'followers'.
Still wanna trade intraday purely based on PA and indicators?
It is better to do charity outside.
It retested $1,400 support (that we mentioned) and rebound strongly upward, trapping a lot of shorts in the process.
Now, it may climb up higher near $1,450 to eat the shorts' Stoplosses but that region will be defended strongly.
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Today is the day that we needa sing "Final Countdown" By Europe.
The whole market is literally waiting for the FED rate decision tonight.
If the FED cut any small basis point (or) keep the same rate, it shall trigger the sell down toward at least $1,400.
If the FED cut aggressively, Gold can rise to $1,450 or even further while USD drops.
Let's see.