Gold XAU/USD (The Recent SellDown means something BIG is coming)

View On Gold XAU/USD (30 Nov 2020)

Instead of going up, gold crash hard in the laste 2 weeks,
Now I expect 1710-1750 will be the supportive region. DO NOT BUY in with the big vol as the flushing of long may not done yet.

On the other hand, you can looking into shorting with the great caution.



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Comment:

Updated View On Gold XAU/USD (3 Dec 2020)

We had a strong pull back this week and it is use 1810-1815 region as a support.

If the support hold, it could restest 1840-1850 resistant first. Let's see.

Comment:

View On Gold XAU/USD (7 Dec 2020)


As we mentioned in the previous write up. I expect 1840-1850 region will be a decent strong resistant to break.
We have FED rate decision in the coming week. It can swing around to hit some resistant regions for now.


DYODD, all the best and read the disclaimer too.
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Comment:

View On Gold XAU/USD (10 Dec 2020)

We had a strong rejection from the resistant zone of 1850-1870 region.
The immediate momentum is still strong on the bear side.

So, as long 1850-1870 is not broken & there is no BULL candle, we can expect bearish pressure to persists.

Comment:

View On Gold XAU/USD (16 Dec 2020)

From Monday to Wednesday, we had a short swing from 1820-1856 region.

I think we should pay more attention to 1850-1880, that region will bring some resistant action in my opinion.

So, if you have a long position, this is where you might want to take some profit. Anyway, we too have FED rate decision tonight.

Comment:

Updated View On Gold XAU/USD (18 Dec 2020)

We had a strong break out of the resistant.
Now the resistant will/shall become support.

So, as long as 1850 region is not broken down, it is still UP.

Let's see.

Comment:

View On Gold XAU/USD (23 Dec 2020)

Gold had met some strong resistant near 1880-1900 region and it made the pullback to $1,850 region now.
If you want to buy in, it is better to wait out for a bullish candle.

I expect $1,820 will be a good swing support region.



DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
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Comment:

View On Gold XAU/USD (28 Dec 2020)
GOld is using $1,850 as strong support and it is trying hard to retest thr $1,900.

$1,900 is where you should take profit from your buy (or) the same region may be the place to enter short.

Let' see.


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 (30 Dec 2020)


Gold is moving majorly sideway for now as the holiday season kicks in.
It is now using 1850 as strong support while 1900 as a strong resistant.

Further movements shall only come in after January.

Wish you a very Happy New Year 2021 in advance!