Gold XAU/USD (Watch Out On FOMC of Week 18)
Updated View On XAU/USD (15 Apr 2019)
First: You can go read my previous analysis if you want. I do it weekly on Gold.
Background: In the last analysis, I mentioned that Gold can swing back down to $1276-$1291. It had run its course we are meeting some decent support "finally".
It may well be a beginning of the up move but no one can be so sure about it. Make sure to give a thought for possible further pull down too.
Keep your eye on the FOMC of week 18/2019. This is where the Epi center is going to be.
To conclude, I am still holding my bullish bias with great caution and no aggressive at all.
Attack slowly. We have time.
Target(s): Neutral
1300 (TP1) (Already Hit),
1310 (TP2) (Already Hit),
1320 (TP3)
SHTF: It will use 1274 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. I do it weekly on Gold.
Background: In the last analysis, I mentioned that Gold can swing back down to $1276-$1291. It had run its course we are meeting some decent support "finally".
It may well be a beginning of the up move but no one can be so sure about it. Make sure to give a thought for possible further pull down too.
Keep your eye on the FOMC of week 18/2019. This is where the Epi center is going to be.
To conclude, I am still holding my bullish bias with great caution and no aggressive at all.
Attack slowly. We have time.
Target(s): Neutral
1300 (TP1) (Already Hit),
1310 (TP2) (Already Hit),
1320 (TP3)
SHTF: It will use 1274 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.
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The market made a nice whipping to hunt out traders who put the SL near 1270 region in early week.
We still need to exercise caution as always.
To conclude, I am still holding my bullish bias with great caution and no aggressive at all.
Attack slowly. We have time.
Target(s): Neutral
1300 (TP1) (Already Hit),
1310 (TP2) (Already Hit),
1320 (TP3)
All the best.