Gold XAU/USD (Always ask yourself "What if")
Updated
View On XAU/USD (1 May 2019)
First: You can go read my previous analysis if you want.
Background: Gold is making a decent come back, and it may continue to do so.
At the same time, we can't expect to gain without considering potential risk as well. It can go down $1,258 first before it ramps up back. So, aware of the potential downside risk as well.
Keep your eye on the FOMC. This is where the Epi center is going to be.
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 making a decent come back, and it may continue to do so.
At the same time, we can't expect to gain without considering potential risk as well. It can go down $1,258 first before it ramps up back. So, aware of the potential downside risk as well.
Keep your eye on the FOMC. This is where the Epi center is going to be.
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.
Note
Updated View On XAU/USD (4 May 2019) The recovery on Friday has brought back 'hope' for the Gold Bulls. It used good NFPS number as a cover for the run-up.
Now USD bulls are trapped across the board.
Gold is now on the race toward $1,300 again.
We can expect more bullish momentum in the coming week and do keep track on the 3 TPs and SL levels that I mentioned.
Have a great weekend ahead.
Cheers.
Note
Updated View On XAU/USD (7 May 2019) It is still in-track. At the same time, mind your risk as well.
I wish you well.
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.
Note
Updated View On XAU/USD (9 May 2019) It has met our TP1 level of 1289 region and it has met with strong resisting force.
One of the main reason is there was no high impact news/event yesterday.
Now it is finding its footing near 1280. I expect 1270-1280 shall be strong support.
We have Powell speech coming in few hours time. Cheers.
Target(s): Neutral
1289.4 (TP1) Touched
1299.4 (TP2)
1314.6 (TP3)
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