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
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Updated View On Gold XAU/USD (3 Oct 2019)
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
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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
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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
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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
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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
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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
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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
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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.
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
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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
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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
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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" <or> "Comment". Thank You!
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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
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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.
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.
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.
DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" <or> "Comment". Thank You!
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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.
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.