Gold XAU/USD (Trading can be the MOST Difficult Job)

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View On Gold XAU/USD (18 Jan 2021)

Gold had a STRONG STOP HUNT move in the morning and that moves cause traders to stop out from the long positions.
That is why proper risk management is important and learn about it before starting the trading career.

The market can immersivity reward you (or) another way around.

Now, It has covered abit but 1850~1865 region will become difficult resistant.

So, be careful with going long as long as the price couldn't break the region.

Let' see.

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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View On Gold XAU/USD (16 Feb 2021)

Gold is currently getting support nearly the trend line support of $1,810 region.
We may see some bounce UP for now. The nearest resistant is $1,850~$1,880 region.

If you want to sell, it is better to wait it out first.

Let' see.

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Updated View On Gold XAU/USD (22 Feb 2021)

Gold made a strong swing down last week and it went lower to the swing area of $1,760 region.
Since $1750~1760 is a strong swing area, thus it is making a strong bounce. If you have a sell position, it is better to close and take profit first.

The momentum is back in bull side and it can drift higher for now.

1850~1860 will be good resistant

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View On Gold XAU/USD (1 Mar 2021)

A lot of people were expecting the swing support 1760 region but they were in for the surprise.
Gold had a quick run down and now it is retesting the range zone of last Apr 2020.

So, I expect we shall see some pullback or range action shall unfold soon. Took some profit from you short positions if possible.

Let' see.

DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!

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Update View On Gold XAU/USD (8 Mar 2021)

We had a further swing down toward strong support region of $1,670-$1,690 and it is making a bounce.
If you have a strong position, it is time to take some profit from the short.

Now it will use $1,670-$1,690 as support region and it may launch back toward $1,780 region soon.

Let' see.

DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!

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Updated View On Gold XAU/USD (24 Mar 2021)

We are seeing the strong resistant $1740~$1760 for now.
Thus it is making a pullback.

Please take note of the following support levels.

$1,725 is an immediate support.
$1,706 is the second support.
Let' see.

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Updated View On Gold XAU/USD (30 Mar 2021)

Follow our call on 24 Mar 2021? Congrats.Good profit.

It dived lower as expected and it has hit our immediate support of $1,725

Now $1,706 region will be the next support.

Let' see.

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Updated View On Gold XAU/USD (31 Mar 2021)

Another expected support TP2 of $1,700~$1,706 region is hit.

The swing support of $1,675 shall act as support for now.
If you want to buy in now, you should at least wait for a strong bull candle to form first.

Let' see.

DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!