Gold XAU/USD (Going Sideways Before the next Break Out)

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.
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Comment:

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.

Comment:

Updated On XAU/USD (13 APR 2020)

Did you follow our analysis of 10 APR? Cheers. Nice Profits.

$1,700 is on sight.

Comment:

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".

Comment:

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" "Comment".
Thank You!

Comment:

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.

Comment:

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.

Comment:

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.