View On Gold XAU/USD ($1,300 region will be strongly defended)
Updated
View On XAU/USD (26 May 2019)
First: We warned that $1,300 was a STRONG resistant. The price indeed touched $1,300 and swing back down a near 300 pips. Pls go see how last week analysis.
Background: Gold is going to be one tricky instrument in the coming week. Literally, it is bouncing between 1275 to 1300 levels.
We may see an initial rise from 1285 to 1290 level but 1300-1310 region a very HARD nut to crack.
Target(s): So, if you are on the long side, aim 1300-1310 as a target while you can stay with the short as long as the price cannot break up 1300-13100 region.
SHTF: NA
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: We warned that $1,300 was a STRONG resistant. The price indeed touched $1,300 and swing back down a near 300 pips. Pls go see how last week analysis.
Background: Gold is going to be one tricky instrument in the coming week. Literally, it is bouncing between 1275 to 1300 levels.
We may see an initial rise from 1285 to 1290 level but 1300-1310 region a very HARD nut to crack.
Target(s): So, if you are on the long side, aim 1300-1310 as a target while you can stay with the short as long as the price cannot break up 1300-13100 region.
SHTF: NA
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 (30 May 2019) The market is sliding down in the recent days but there wasn't any much news/data except the same ole "trade war" drama. So, we can assume that the current move shall be emotionally charged.
So, if you want to sell now, be very careful.
The Nearest resistant at $1,285 region.
Note
Updated View On XAU/USD (31 May 2019) Did you follow our advice "to be careful" on the Gold SELL, yesterday? Congrats.
Indeed it went up big and broke up the strong resistant of $1,283 now. Moving forward it can drift higher for now toward $1,300.
And again $1,300 will be a very tough resistant to break.
So,
If you have a long, your set up shall be OK as long as the price is above 1280-1285.
If you have a short. your set up shall be OK as long as the price cannot break 1300.
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