Gold (The current price is not a nice place to enter LONG)

View On XAU/USD (11 Feb 2018)

In The medium-term (3 months to 6 months time horizon) is bullish but as for the short term, I personally do not think it has enough strength to break out $1,325-$1,330 regions "easily".

I am not in the hurry to long, just yet as I prefer it to go in with strong bullish momentum at good support.
I will wait patiently to buy in, instead of rushing in.

Look out for Strong support levels such as 1300, 1288, 1280.



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.