Gold XAU/USD (Still under overall BEAR)

Gold

I am Slightly Bearish.
We are in the strong downtrend for the past 3 weeks and I am expecting the danger of rebound is getting real as more and more joining the sell side.
If there is any rebound, it can travel up to 1269 to 1279 region.

If you want to short, wait at these levels (or) you can cautiously long toward these levels.
We use FOMC and it will impact on USD and gold.

Press "Like" and "Follow". We will help you become a better trader
Sonic



Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

Comment:

We are seeing a nice rebound, it must be mainly due to oversold nature of the market.

It can rise further for now and I reckon it can travel up to $1269, $1270 level first.

Trade active:

Gold

We have NFP tonight and it shall be under "good" category.
It shall spur the "risk on" moment and bring this pairs up for a time being.

I foresee, it can swing up to a decent resistant level of $1269 region

Press "Like" and "Follow".
Sonic