XAU/USD (Sept 2018) *Bears Stil Win

This will be my views of Gold (Sept 2018)
Please make sure to read the "update" comment as there will be changes along the way.


Cheers.

S0nic

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Comment:

Updated View On XAU/USD (10 Sept 2018)

We have FED rate decision on 3rd week of Sept, that will be a major event.

I expect GOld will go into a range mode with slight bear bias. It should retest 1180 & 1160 level again.

Comment:

Updated View on Gold (13 Sept 2018)

We detected a VERY strong Bullish push from $1198 region.
In the longer term, it can be considered downtrend but you shouldn't ignore the fact the immediate trend has changed.

You can look for a small swing down but it is 'safer' to stay with the immediate trend.

Gold shall GO UP to $1213 (TP1) or $1223 (TP2) before it meets with decent bearishness resistant.|

So, I suggest you not to short or your SL might get hit.

Comment:

Updated View on Gold (14 Sept 2018)

We had a strong move UP yesterday, and it went up to $1,212 region.

I expect it shall "retest" the high of 1212 or 1213 again as long as It doesn't go below $1,190 region

Gold shall GO UP to $1,213 (TP1) again or $1,223 (TP2) before it meets with decent bearishness resistant.|

So, I suggest you not to short (or) your SL might get hit.

Comment:

Updated View on Gold (21 Sept 2018)

We have a nice peak up in Gold.
The BULLs are coming back in and I expect it to go back to TP1 of 1213 level again.

TP1 $1,213
TP2 $1,223

Comment:

Update On Gold (24 Sept 2018)

Gold is priming for a next strong breakout and the smart money is trying to catch everyone by surprise.
I'd expect the trigger will be on this Wednesday with FED fun rate.

I am expecting it to go UP "eventually" but do not rush into long and try to enter at strong swing points, such as 1190 and 1186, with a proper PA.