Gold XAU/USD ($1400 to $1420-$1430 Nice TP region)

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View On Gold XAU/USD (24 June 2019)

Do you know why German eventually lose to Russia in WWII? There are many contributing factors but one of the main reason is they went too far in and too fast into enemy territory without establishing a strong supply/baseline/foundation first. The lost battle of Stalingrad was the final nail in their coffin.

Now people talk about Gold can go $2,000 or even higher. It is for sure that Gold has changed into Bullish paradigm but please be ready for the potential higher low too.

I am expecting $1,400 to $1,420-$1,430 will be the strong resistant and it may due for a pullback or sort.

It is advisable to stay long side but if you are thinking of entering, I suggest you can wait for a little longer to go in at the better/lower price.

DYODD, all the best and read the disclaimer too.
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Updated On Gold XAU/USD (26 June 2019)

The Gold price has hit our expected TP level of $1,430.
Now it is making a decent pullback. But mind you, it shall not last.

I expect $1380 to $1400 level will be defended well. This is where you can wait for a potential LONG.

Cheers.

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View On Gold XAU/USD (24 June 2019)

The gold market is taking a short pause after the massive rise on the last Monday and Tuesday.

Now, the whole market needs the new data to digest and it is waiting for the outcome of G20 meeting that will be held on the coming Friday and Saturday.

From TA point of view, I am expecting $1,380 to $1,400 will be defended well and any sell attempts shall not last.

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Updated View On Gold XAU/USD (29 June 2019)

There are 3 possible outcomes in every trading instruments/pairs. UP, Down and Sideways.

As for Gold. I will be choosing either "UP" and "Sideways" for now. it is very unlikely to go down significantly as long as the range of $1,380 to $1,400 holds.

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Updated View On Gold (2 July 2019)

It is in the pull-back mode and I see $1,375-$1,380 as a decent support.(Previously was 1,380-1,400).

If you want to take a long, be nimble first. All the Best.

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Updated View on XAU/USD (3 July 2019)

Gold rose in the wee hour while a lot of Asian/Euro traders were sleeping. Sneaky indeed.
I see it as an attempt to recapture the previous high of $1,440 region.

Now, I do not advise you to take any short position, it is better to take your profit from your long positions as I expect $1,450 will be an ultimate resistant region and that region shall not be able to get broken up in one go.

Let's see.

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Updated View On Gold XAU/USD (4 July 2019)

Gold had hit some strong resistant region in recent days and I am seeing $1,420 to $1,450 shall act as a STRONG resistant region.

Overall, we have still in a decent uptrend but the parabolic rise days are over for now.

Take it slow and adjust your trade expectation.

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Updated View On XAU/USD (8 July 2019)

Gold "was" in the explosive mode in the month of June and it met with strong resistant near $1,440 to $1,450 region.

Morning forward, I expect to go "Sideway" or "Slight Bearish" mode.

1400 is resistant while 1380 is the support.

High Impact news/items for this week.

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Updated View On Gold XAU/USD (9 July 2019)

We had the decent GOLD selldown on "NO News" Monday.

In fact, the real news and events will only start to unfold from today onward.
We have Powell's speeches starting from today and FOMC is on Thursday.

I expect Gold to stay weak for now as it uses $1,380-$1,390 as support region while the real firework shall take place only on the coming Thursday.

All the best!

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Updated View on Gold XAU/USD (10 July 2019)

Yesterday, gold went down and retested $1,380-$,1390 as we expected in the previous update.
I see this move as routine liquidity seeking activity, prior to the big event on the coming Thursday.
This kind of listless movement shall continue today as well.

We can say the Bull has a chance to shine again if the Gold price couldn't to break below $1,380 strongly by Thursday.

Let's see.

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Updated View On Gold XAU/USD (11 July 2019)

Gold made a spectacular recovery on Powell's speech and FOMC info. It is now at the good resistant of $1,425 region.

In near future, it may swing up to $1,430 to $1,440 region. So, that is the region you can put your 'ultimate TP'.

BUT I do not think it will not go way above $1,450 easily. Let's see.

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Updated View On Gold XAU/USD (12 July 2019)

There isn't any significant update for these two days.

$1,425/$1,430 to $1,440 region will act as good resistants.
So, that is the region you can put your 'ultimate TP'.

BUT I do not think it will not go way above $1,450 easily. Let's see.

$1,377 'shall' be good support.