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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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.
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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.
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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.
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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.
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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
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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