View On XAU/USD (13 May 2019)
First: You can go read my previous analysis if you want.
Background: Gold is currently in the grind UP condition and it shall inch further up slowly.
The keywords are "grind' and slow. You can time them well.
It shall revisit our old (TP1) of $1,288 again. Nonetheless, it might eventually rise again toward $1,298 region (TP2).
Target(s): Neutral
1289.4 (TP1)
1299.4 (TP2)
1314.6 (TP3)
SHTF: It will use $1,258 as strong support. You either hedge it or your SL have to be way lower than the level.
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.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
First: You can go read my previous analysis if you want.
Background: Gold is currently in the grind UP condition and it shall inch further up slowly.
The keywords are "grind' and slow. You can time them well.
It shall revisit our old (TP1) of $1,288 again. Nonetheless, it might eventually rise again toward $1,298 region (TP2).
Target(s): Neutral
1289.4 (TP1)
1299.4 (TP2)
1314.6 (TP3)
SHTF: It will use $1,258 as strong support. You either hedge it or your SL have to be way lower than the level.
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.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Updated View on GOLD
Gold had hit our TP2 of $1,300 of a few days back.
At the moment, DO NOT rush in to buy.
There is a reason I put 1300 as a TP level as it is a STRONG resistant.
It needs strong forces of new buying to come in to break this level. So, it may take some time or even pull back first.
Take it slow.
Gold had hit our TP2 of $1,300 of a few days back.
At the moment, DO NOT rush in to buy.
There is a reason I put 1300 as a TP level as it is a STRONG resistant.
It needs strong forces of new buying to come in to break this level. So, it may take some time or even pull back first.
Take it slow.
Comment:
Updated View on Gold XAU/USD
Heed our advice on 'not to buy Gold @ $1,300? ' It is making a pullback now,
It shall eventually break out but it may take some time. So, take it easy first.
Heed our advice on 'not to buy Gold @ $1,300? ' It is making a pullback now,
It shall eventually break out but it may take some time. So, take it easy first.
Comment:
Updated View on Gold XAU/USD (17 May 2019)
Heed our advice on 'not to buy Gold @ $1,300? ' It is making a pullback now,
We can expect to find support from the region of 1281 to 1284. So, it is little to late to short.
Heed our advice on 'not to buy Gold @ $1,300? ' It is making a pullback now,
We can expect to find support from the region of 1281 to 1284. So, it is little to late to short.
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1289.4 (TP1) (HIT)
1299.4 (TP2) (HIT)
1314.6 (TP3)