Gold XAU/USD (FOMC shall trigger the next move.
View On XAU/USD (20 May 2019)
First: We warned that $1,300 was a STRONG resistant.
Background: As mentioned, $1,300 was a very tough nut to crack and at the same time $1,265 to $1,270 is a good support.
We expect the market will take a clue from FOMC and it will take shape after the midweek.
Target(s): Neutral. I will update if there is any new development.
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.
Background: As mentioned, $1,300 was a very tough nut to crack and at the same time $1,265 to $1,270 is a good support.
We expect the market will take a clue from FOMC and it will take shape after the midweek.
Target(s): Neutral. I will update if there is any new development.
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.
Yorum:
Updated View On XAU/USD (24 May 2019)
First: We warned that $1,300 was a STRONG resistant. Pls go see how last week analysis.
Background: After days of decline, we are seeing a strong rebound from 1270 region to 1285. It was a strong 150 pips move.
Currently, it is at the strong resistant region of 1285 and I expect 1285-1291 will resist pretty well while 1299-1300 will be the ULTIMATE resistant again.
So, instead of aggressively adding long, it may be time to take profit from your long positions and get out of the positions, as it rises.
Target(s): Neutral
SHTF: NA
First: We warned that $1,300 was a STRONG resistant. Pls go see how last week analysis.
Background: After days of decline, we are seeing a strong rebound from 1270 region to 1285. It was a strong 150 pips move.
Currently, it is at the strong resistant region of 1285 and I expect 1285-1291 will resist pretty well while 1299-1300 will be the ULTIMATE resistant again.
So, instead of aggressively adding long, it may be time to take profit from your long positions and get out of the positions, as it rises.
Target(s): Neutral
SHTF: NA
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There aren't many changes in Gold's technical view.
Kindly read the info above.
Now the whole world is waiting for FOMC meeting items tonight and it sure will have an impact on USD.