Gold XAU/USD (Nov 2018) *BULL move shall be on the card

This will be my views of XAU/USD (Nov 2018)
Please make sure to read the "update" comment as there will be changes along the way.


Cheers.

S0nic

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Comment:

Updated View On XAU/USD (2 Nov 2018)

I reckon that recent sell down from $1,232-$1,212 is nothing but a stop hunt move. It was a harsh one.
Now it is swinging right back up. From the move, we can view $1,212 as a strong support.

Currently, we will need to watch closely as it tries to break up $1,230 resistive region and sooner or later it should break up.

Then, we will retest $1,240 and eventually it shall retest $1,259 region.

All the best.

Comment:

Updated View On XAU/USD (12 Nov 2018)

We can predict/analyze but we must aware that the market does what it wants and goes where it wants to go.

It is now at a decent support of 1211 area. Now, we need to see if this 1208-1211 can hold?

When the price PA starts to go UP, then we can say it will swing back to $1,277.


All the best.