OANDA:XAUUSD   Gold Spot / U.S. Dollar
This will be my views of Gold (Oct 2018)
Please make sure to read the "update" comment as there will be changes along the way.


Cheers.

S0nic

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Comment: Update On Gold (1 Oct 2018)

Gold is in for a strong "rangy side way" movement.
I do not expect it to have a strong break out soon. 1198- 1204 region will be a strong resistant region.

Do not do in with a tight SL. If you do so, the possibility of getting your tight SL hit almost a certainty.


Comment: Update On Gold (10 Oct 2018)

GOld is still behaving as mentioned previously.
It is using 1180 as support and 1203 as resistant.

I expect the breakout sooner or later, to UP side.
Be Patient.

Comment: Updated View On XAU/USD (22 Oct 2018)

We are in the rangy mode after it had a strong break out in the last week.
I am expecting the BULLish upside will continue sooner or later.

We should look for "Long only".

EP Long as long as the price is above 1210
SL 1170

TP1 $1238
TP2 $1260
TP3 $1280

All the best.

Comment: Updated View On XAU/USD (25 Oct 2018)

Did You follow our free analysis? TP 1 hit.

EP Long as long as the price is above 1210
SL 1170

TP1 $1238 (Hit)
TP2 $1260
TP3 $1280

All the best.


Comment: Updated View On XAU/USD (27 Oct 2018)

We had a heart-pounding week. It was nothing but a slow grind.
That shows we still have a lot of opposing forces still reside in both sides.

I expect "UP" still win but we have to expect potential pullbacks too.
It can go down to $1,227, $1,220 or even $,1210 region, to bounce back UP later.


We should look for "Long only".

EP Long as long as the price is above 1210
SL 1170

TP1 $1238 (Hit)
TP2 $1260
TP3 $1280


Comment: Updated View On XAU/USD (31 Oct 2018)

Recently, the market has not been unforgiving to the "BUY" side.

We are not the decent support region of $1,217, but PA is still so strong to LONG. The next decent support is $1,212.

If you wanna long, wait for a daily supportive long candle to show up first.

All the best.


We should look for "Long only".

EP Long as long as the price is above 1210
SL 1170

TP1 $1238 (Hit)
TP2 $1260
TP3 $1280




Thanks for sharing sir ;)
Reply
@Peter_238, You are WelCome!
Reply
The previous Rectangle has been crossed downwards and the 4H Channel Down that has emerged is targeting the 1,160 low. Our TP is 1,172.20.

+4 Reply
SonicDeejay InvestingScope
@InvestingScope, Possible too.Cheers.
Reply
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