Gold XAU/USD (The Potential Healthy Retracement is in a making.)
View On Gold XAU/USD (2 Oct 2019)
We had some strong swing back after 4 days of price slide but it failed to break out up the decent resistant of $1,486 and importantly $1,506 region.
I expect the Bear pressure will persist and it will revisit the $1,453 region again.
Resistant: 1484, 1492, 1505, 1529, 1535, 1548
Support: 1466, 1453, 1447
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
We had some strong swing back after 4 days of price slide but it failed to break out up the decent resistant of $1,486 and importantly $1,506 region.
I expect the Bear pressure will persist and it will revisit the $1,453 region again.
Resistant: 1484, 1492, 1505, 1529, 1535, 1548
Support: 1466, 1453, 1447
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Comment:
Updated View On Gold XAU/USD (4 Oct 2019)
Yesterday, Gold attempt to make a strong push-up but failed to rise higher. What we can notice is $1,520 to $1,525 region might be a strong resistant region and it will not give way easily.
At the same time, $1,500 has become good flooring (aka) support.
It will be interesting with the NFP release today.
Resistant: 1522, 1535, 1548
Support: 1505, 1491, 1483, 1466, 1453, 1447
Yesterday, Gold attempt to make a strong push-up but failed to rise higher. What we can notice is $1,520 to $1,525 region might be a strong resistant region and it will not give way easily.
At the same time, $1,500 has become good flooring (aka) support.
It will be interesting with the NFP release today.
Resistant: 1522, 1535, 1548
Support: 1505, 1491, 1483, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (7 Oct 2019)
We have big impact speeches+ FED minutes coming up in the later part of the week and the market is obviously waiting for it.
Meanwhile, I do not expect any meaningful movements in Gold.
It shall be supported (or) go sideways near $1,500 region for now. Do not trade aggressively just yet.
Resistant: 1522, 1535, 1548
Support: 1491, 1483, 1466, 1453, 1447
We have big impact speeches+ FED minutes coming up in the later part of the week and the market is obviously waiting for it.
Meanwhile, I do not expect any meaningful movements in Gold.
It shall be supported (or) go sideways near $1,500 region for now. Do not trade aggressively just yet.
Resistant: 1522, 1535, 1548
Support: 1491, 1483, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (8 Oct 2019)
Gold made a decent pullback, and it ended up creating $1,505-$1,520 as a strong resistant region.
If the price cannot be broken up again, we can expect more sell down.
It should retest the lower swing region again.
Resistant: 1491, 1505, 1522, 1535, 1548
Support: 1483, 1466, 1453, 1447
Gold made a decent pullback, and it ended up creating $1,505-$1,520 as a strong resistant region.
If the price cannot be broken up again, we can expect more sell down.
It should retest the lower swing region again.
Resistant: 1491, 1505, 1522, 1535, 1548
Support: 1483, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (9 Oct 2019)
Just like Ko WNS said. The $1,500 level have a magnetic field. The price couldn't deviate from that region for a long time.
It is mainly due to the fact that the whole market is waiting for the FED meeting minute of tonight.
We shall have some definitive direction after the release of the info.
Resistant: 1520, 1522, 1535, 1548
Support: 1505, 1491, 1483, 1466, 1453, 1447
Just like Ko WNS said. The $1,500 level have a magnetic field. The price couldn't deviate from that region for a long time.
It is mainly due to the fact that the whole market is waiting for the FED meeting minute of tonight.
We shall have some definitive direction after the release of the info.
Resistant: 1520, 1522, 1535, 1548
Support: 1505, 1491, 1483, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (10 Oct 2019)
Gold fails to make significant movement yesterday despite the FED minutes.
We can expect a Yo-Yo action using $1,525 as resistant while $1,490 as support.
Resistant: 1520, 1522, 1535, 1548
Support: 1505, 1491, 1483, 1466, 1453, 1447
Gold fails to make significant movement yesterday despite the FED minutes.
We can expect a Yo-Yo action using $1,525 as resistant while $1,490 as support.
Resistant: 1520, 1522, 1535, 1548
Support: 1505, 1491, 1483, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (15 Oct 2019)
We are seeing a quiet push up during the quiet early week.
It may drift higher first toward $1,500 and beyond.
Let's see.
Resistant: 1505, 1520, 1522, 1535, 1548
Support: 1491, 1483, 1466, 1453, 1447
We are seeing a quiet push up during the quiet early week.
It may drift higher first toward $1,500 and beyond.
Let's see.
Resistant: 1505, 1520, 1522, 1535, 1548
Support: 1491, 1483, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (16 Oct 2019)
The Bears were in yesterday and they pushed the price lower. They created more resistant levels on top of the current price.
Gold is on the weak side for now. Trade with care.
Resistant: 1491, 1483, 1505, 1520, 1522, 1535, 1548
Support: 1475, 1466, 1453, 1447
The Bears were in yesterday and they pushed the price lower. They created more resistant levels on top of the current price.
Gold is on the weak side for now. Trade with care.
Resistant: 1491, 1483, 1505, 1520, 1522, 1535, 1548
Support: 1475, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (22 Oct 2019)
Gold has been Weak. It is likely to continue in that way.
It can bounce between 1470 to 1515 region. I do not expect any BIG move in the immediate time horizon.
Resistant: 1491, 1483, 1505, 1520, 1522, 1535, 1548
Support: 1475, 1466, 1453, 1447
Gold has been Weak. It is likely to continue in that way.
It can bounce between 1470 to 1515 region. I do not expect any BIG move in the immediate time horizon.
Resistant: 1491, 1483, 1505, 1520, 1522, 1535, 1548
Support: 1475, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (23 Oct 2019)
After the explosive move from June to September, the gold price is taking some breather.
Please remember, the market doesn't move all the time. It moves fast, it moves slow, it recharges.
We are in the major sideways for now. So, adjust your trade expectations.
Resistant: 1491, 1483, 1505, 1520, 1522, 1535, 1548
Support: 1475, 1466, 1453, 1447
After the explosive move from June to September, the gold price is taking some breather.
Please remember, the market doesn't move all the time. It moves fast, it moves slow, it recharges.
We are in the major sideways for now. So, adjust your trade expectations.
Resistant: 1491, 1483, 1505, 1520, 1522, 1535, 1548
Support: 1475, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (25 Oct 2019)
We had a decent run-up yesterday and it broke the range-bound period of the last 2 weeks.
We can expect further upside move up but the 1505-1520 region shall not be broken up easily without strong resisting force.
Resistant: 1505, 1520, 1522, 1535, 1548
Support: 1497, 1491, 1483, 1475, 1466, 1453, 1447
We had a decent run-up yesterday and it broke the range-bound period of the last 2 weeks.
We can expect further upside move up but the 1505-1520 region shall not be broken up easily without strong resisting force.
Resistant: 1505, 1520, 1522, 1535, 1548
Support: 1497, 1491, 1483, 1475, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (28 Oct 2019)
Did you follow our previous analysis?
It has touched our expected region of $1,520 and it is making a minor pullback.
I do not expect the swing back shall last. (I repeat, the pull back down shall not last) and it shall retest to $1,517-$1,525 or even higher soon.
Resistant: 1505, 1518, 1522, 1535, 1548
Support: 1497, 1491, 1483, 1475, 1466, 1453, 1447
Did you follow our previous analysis?
It has touched our expected region of $1,520 and it is making a minor pullback.
I do not expect the swing back shall last. (I repeat, the pull back down shall not last) and it shall retest to $1,517-$1,525 or even higher soon.
Resistant: 1505, 1518, 1522, 1535, 1548
Support: 1497, 1491, 1483, 1475, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (30 Oct 2019)
Gold made the strong move for the past 2 days without much news/info.
Don't get fooled (or) get emotional about it.
The real show shall only start tonight with the FED rate.
IF the price could break $1,493 and above, BULL strength shall come back again. when it does, the price shall retest $1,505 again.
Resistant: 1497, 1491, 1505, 1518, 1522, 1535, 1548
Support: 1483, 1475, 1466, 1453, 1447
Gold made the strong move for the past 2 days without much news/info.
Don't get fooled (or) get emotional about it.
The real show shall only start tonight with the FED rate.
IF the price could break $1,493 and above, BULL strength shall come back again. when it does, the price shall retest $1,505 again.
Resistant: 1497, 1491, 1505, 1518, 1522, 1535, 1548
Support: 1483, 1475, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (31 Oct 2019)
Whoever sold the GOLD on Monday or Tuesday, is more or less get trapped now.
Now watch that $1,500.
The price may find it tough to break but once it is broken we shall see $1,505 pretty quick.
Resistant: 1491, 1505, 1518, 1522, 1535, 1548
Support: 1497, 1483, 1475, 1466, 1453, 1447
Whoever sold the GOLD on Monday or Tuesday, is more or less get trapped now.
Now watch that $1,500.
The price may find it tough to break but once it is broken we shall see $1,505 pretty quick.
Resistant: 1491, 1505, 1518, 1522, 1535, 1548
Support: 1497, 1483, 1475, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (1 Nov 2019)
Did you heed our advice not to get carried over on last Monday and Tuesday Gold Sell down? We hope you did.
It is going UP as we expected and it is a matter of time, it shall retests 1515-1520 region again.
Let's see.
Resistant: 1515, 1518, 1522, 1535, 1548
Support: 1497, 1483, 1475, 1466, 1453, 1447
Did you heed our advice not to get carried over on last Monday and Tuesday Gold Sell down? We hope you did.
It is going UP as we expected and it is a matter of time, it shall retests 1515-1520 region again.
Let's see.
Resistant: 1515, 1518, 1522, 1535, 1548
Support: 1497, 1483, 1475, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (5 Nov 2019)
We are the not-much-news-range bound period.
The Market seems to be taking a small pull back.
I expect it can swing/bounce $1,492 region. Let's see.
Resistant: 1515, 1518, 1522, 1535, 1548
Support: 1497, 1483, 1475, 1466, 1453, 1447
We are the not-much-news-range bound period.
The Market seems to be taking a small pull back.
I expect it can swing/bounce $1,492 region. Let's see.
Resistant: 1515, 1518, 1522, 1535, 1548
Support: 1497, 1483, 1475, 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (7 Nov 2019)
After a strong sell down on Monday, there was a minor pull back up from $1,480.
Appareantly GOLD is leading the traders into the wide swing phase. It was swing yo $1,500 region first before BEAR pressure comes back in.
Resistant: 1500, 1515, 1518, 1522, 1535, 1548
Support: 1497, 1483, 1475, 1466, 1453, 1447
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
After a strong sell down on Monday, there was a minor pull back up from $1,480.
Appareantly GOLD is leading the traders into the wide swing phase. It was swing yo $1,500 region first before BEAR pressure comes back in.
Resistant: 1500, 1515, 1518, 1522, 1535, 1548
Support: 1497, 1483, 1475, 1466, 1453, 1447
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 (8 Nov 2019)
Gold had a STRONG SELL DOWN yesterday to reach the support level of $1465~$1470 region.
"IF" the bear momentum still persists, it can go to the next STRONG SUPPORT is $1,450 region. So, it might be a better bet to say on the short side for now.
At the same time, $1,500 has become a very STRONG RESISTANT and I do not see the price to break above that level in the immediate term.
Resistant: 1475, 1483, 1497, 1500
Support: 1466, 1453, 1447
Gold had a STRONG SELL DOWN yesterday to reach the support level of $1465~$1470 region.
"IF" the bear momentum still persists, it can go to the next STRONG SUPPORT is $1,450 region. So, it might be a better bet to say on the short side for now.
At the same time, $1,500 has become a very STRONG RESISTANT and I do not see the price to break above that level in the immediate term.
Resistant: 1475, 1483, 1497, 1500
Support: 1466, 1453, 1447
Comment:
Updated View On Gold XAU/USD (11 Nov 2019)
Gold is making an expected slowmo mood as many of the banks are on holiday.
I expect $1,480 $1,500 will be strong resistant region. So, as long as the price couldn't break that region the price of Gold will be under the bear pressure.
Resistant: 1466, 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1447, 1440
Gold is making an expected slowmo mood as many of the banks are on holiday.
I expect $1,480 $1,500 will be strong resistant region. So, as long as the price couldn't break that region the price of Gold will be under the bear pressure.
Resistant: 1466, 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1447, 1440
Comment:
Updated View On Gold XAU/USD (12 Nov 2019)
The slide of the GOLD seems slowed as it had hit the support level of $1,450 region.
I expect the price to stay sideways for now till the FED chairman's speech on Thursday.
Take it slow.
Resistant: 1466, 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1450, 1447, 1440
The slide of the GOLD seems slowed as it had hit the support level of $1,450 region.
I expect the price to stay sideways for now till the FED chairman's speech on Thursday.
Take it slow.
Resistant: 1466, 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1450, 1447, 1440
Comment:
Updated View On Gold XAU/USD (13 Nov 2019)
We had a minor bullish swing up yesterday and I do not expect it to last long.
It may swing back up to the obvious resistant region of $1,477~ $1,490 region "first" before it comes face to face with strong bear pressure.
it is very unlikely to break and stay above $1,520.
Resistant: 1466, 1475, 1483, 1497, 1500, 1515, 1518,
Support: 1453, 1450, 1447, 1440
We had a minor bullish swing up yesterday and I do not expect it to last long.
It may swing back up to the obvious resistant region of $1,477~ $1,490 region "first" before it comes face to face with strong bear pressure.
it is very unlikely to break and stay above $1,520.
Resistant: 1466, 1475, 1483, 1497, 1500, 1515, 1518,
Support: 1453, 1450, 1447, 1440
Comment:
Updated View On Gold XAU/USD (15 Nov 2019)
Gold made a swing back to the resistant region of $1,475 and it starts to weakened.
Like I mentioned, as long as the price cannot break up of $1,477 to $1,490 region the strong bear shall come back in again.
Resistant: 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1466, 1453, 1450, 1447, 1440
Gold made a swing back to the resistant region of $1,475 and it starts to weakened.
Like I mentioned, as long as the price cannot break up of $1,477 to $1,490 region the strong bear shall come back in again.
Resistant: 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1466, 1453, 1450, 1447, 1440
Comment:
Updated View On Gold XAU/USD (19 Nov 2019)
Basically, the Gold price is trying to tickle you and testing your patience.
It is trying to suck you in, with its wild swing.
Like I mentioned, as long as the price cannot break up of $1,477 to $1,490 region the strong bear shall come back in again.
Resistant: 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1466, 1453, 1450, 1447, 1440
Basically, the Gold price is trying to tickle you and testing your patience.
It is trying to suck you in, with its wild swing.
Like I mentioned, as long as the price cannot break up of $1,477 to $1,490 region the strong bear shall come back in again.
Resistant: 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1466, 1453, 1450, 1447, 1440
Comment:
Updated View On Gold XAU/USD (20 Nov 2019)
Gold has made a minor advancement yesterday.
Overall, no change in view.
Same as yesterday.
Resistant: 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1466, 1453, 1450, 1447, 1440
Gold has made a minor advancement yesterday.
Overall, no change in view.
Same as yesterday.
Resistant: 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1466, 1453, 1450, 1447, 1440
Comment:
Updated View On Gold XAU/USD (26 Nov 2019)
Gold shall go lower and at least retest the swing session of $1,466 region.
At the same $1,435 - $1,446 region will be decent support. So, it is not adavisble to go in and buy.
Resistant: 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1466, 1453, 1450, 1447, 1440
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Gold shall go lower and at least retest the swing session of $1,466 region.
At the same $1,435 - $1,446 region will be decent support. So, it is not adavisble to go in and buy.
Resistant: 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1466, 1453, 1450, 1447, 1440
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 Nov 2019)
Apparently, Everyone is busy holidaying.
I expect the Gold price to do a small yo-yo without any significant movement.
Happy Thanksgiving.
Resistant: 1466, 1475, 1483, 1497, 1500
Support: 1453, 1450, 1447, 1440
Apparently, Everyone is busy holidaying.
I expect the Gold price to do a small yo-yo without any significant movement.
Happy Thanksgiving.
Resistant: 1466, 1475, 1483, 1497, 1500
Support: 1453, 1450, 1447, 1440
Comment:
Updated View On Gold XAU/USD (2 Dec 2019)
Slow-Mo Monday so far, now we have 1466 and 1475 as resistant.
We may not see BIG movements in the present moment as we are going into the Holiday season.
Resistant: 1465, 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1450, 1447, 1440
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Slow-Mo Monday so far, now we have 1466 and 1475 as resistant.
We may not see BIG movements in the present moment as we are going into the Holiday season.
Resistant: 1465, 1475, 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1450, 1447, 1440
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 (4 Dec 2019)
We had a big hoo-ha at the gold price recently.
The price action is BULLISH for sure but, please be careful if you are chasing for the long position.
I expect we might see some resisting force shall come in near $1,491 to $1,500 region. Trade Safe.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1465, 1475, 1453, 1450, 1447, 1440
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
We had a big hoo-ha at the gold price recently.
The price action is BULLISH for sure but, please be careful if you are chasing for the long position.
I expect we might see some resisting force shall come in near $1,491 to $1,500 region. Trade Safe.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1465, 1475, 1453, 1450, 1447, 1440
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 (10 Dec 2019)
Gold didn't even go to the ultimate resistant of 1500 area and it went back down.
It is using 1500 as strong resistant while 1450 as good support.
Boring December so far.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1465, 1475, 1453, 1450, 1447, 1440
Gold didn't even go to the ultimate resistant of 1500 area and it went back down.
It is using 1500 as strong resistant while 1450 as good support.
Boring December so far.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1465, 1475, 1453, 1450, 1447, 1440
Comment:
Updated View On Gold XAU/USD (11 Dec 2019)
Gold is in the tight range/swing recently and it shows the signs of low participation from the both sides (Buyer/Sellers)
It may swing up for a while but I see $1,500 region shall act as strong resistant and $1,450 as support.
Again, Boring December so far.
Tonight I do not think FED will cut/raise rate and it might bring some bearish action on Gold upon swing pass $1,480.
Let's see.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1465, 1475, 1453, 1450, 1447, 1440
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Gold is in the tight range/swing recently and it shows the signs of low participation from the both sides (Buyer/Sellers)
It may swing up for a while but I see $1,500 region shall act as strong resistant and $1,450 as support.
Again, Boring December so far.
Tonight I do not think FED will cut/raise rate and it might bring some bearish action on Gold upon swing pass $1,480.
Let's see.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1465, 1475, 1453, 1450, 1447, 1440
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 (13 Dec 2019)
The market trapped the buyers with the upswing just to eat them alive with the tweet (hint hint: Uncle Trump did it)
Now, it just went back to the rangy region of 1450 - 1480.
I expect the price 'might' retest $1450 soon.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1450, 1447, 1440
The market trapped the buyers with the upswing just to eat them alive with the tweet (hint hint: Uncle Trump did it)
Now, it just went back to the rangy region of 1450 - 1480.
I expect the price 'might' retest $1450 soon.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1450, 1447, 1440
Comment:
Updated View On Gold XAU/USD (17 Dec 2019)
Gold is set to move into the further range-bound mode. It shall use a $1,500 region as a strong ceiling.
The price movement shall only back to the active mode only in early Jan 2020.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1450, 1447, 1440
Gold is set to move into the further range-bound mode. It shall use a $1,500 region as a strong ceiling.
The price movement shall only back to the active mode only in early Jan 2020.
Resistant: 1483, 1497, 1500, 1515, 1518, 1522, 1535, 1548
Support: 1453, 1450, 1447, 1440
Comment:
Updated View On Gold XAU/USD (30 Dec 2019)
Gold made a spectator broke out UP during the holiday season, hitting/wiping serious positions along the way.
We are still in the "Holiday" period and I expect it may get carried forward for sometime.
It can swing to the serious swing region of $1,518.
Resistant: 1515, 1518, 1522, 1535, 1548
Support: 1497, 1482, 1462, 1453, 1450, 1447, 1440
Gold made a spectator broke out UP during the holiday season, hitting/wiping serious positions along the way.
We are still in the "Holiday" period and I expect it may get carried forward for sometime.
It can swing to the serious swing region of $1,518.
Resistant: 1515, 1518, 1522, 1535, 1548
Support: 1497, 1482, 1462, 1453, 1450, 1447, 1440
Telegram: t.me/sonictraders
Web: www.sonicrmastery.com
FB Page: www.facebook.com/sonicrcourse
FB Group: www.facebook.com/groups/sonicrsystem
Instagram: www.instagram.com/sonicrmasterycourse
Web: www.sonicrmastery.com
FB Page: www.facebook.com/sonicrcourse
FB Group: www.facebook.com/groups/sonicrsystem
Instagram: www.instagram.com/sonicrmasterycourse
A nice swing level of $1,470 was hit and the stop hunt is over.
Now it is back to the normal range again.
I expect $1,505 to $1,520 will be a nice resistant region. Daily Price Action is bullish for now.
Long term for Gold is bullish but we can expect swings/pullback in the short/midterms.
Resistant: 1505, 1529, 1535, 1548
Support: 1491, 1483, 1466, 1453, 1447