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Gold XAU/USD (The paradigm shift has occurred)

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View On Gold XAU/USD (7 Jan 2020)

We are in the very "possible" paradigm shift and the bull trend will be likely to stay in medium-term (1 to 3 months) or higher timeframe.

There will be minor pullback along the way but it shall go higher high eventually. (aka It is in UP trend now)

As of now, $1,575 is acting as a strong resistance. So the price can drift lower to toward $1,550 before meeting any decent strong support.
If you want to stay in line with the trend, it is better to wait it out before you enter LONG again,

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

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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.
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View On Gold XAU/USD (7 Jan 2020)

The latest development in US-Iran tension had sent Gold price into multi-year high of $1,600.
We have not seen this price since 2013.

It is making a minor pullback but I do not think it will last long.

It can (or it might) retest the support of $1,550 but sooner or later it shall rise back up.

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Updated View On Gold XAU/USD (15 Jan 2020)

It can swing near the $1550-$1557 region for the time being first.
At the same time, it shall be hard for the gold price to break up $1560 as well.

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Updated View On Gold XAU/USD (16 Jan 2020)

As I mentioned yesterday, the price is finding it hard to break above the $1,560 region.
And another strong resistant region is $1,575 to $1,580 region.

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View On Gold XAU/USD (7 Jan 2020)

The unsuspecting traders rushed into the long side on the boring Monday and now they are being had.
It is using $1,560- $1,575 region as a good resistant.

If you are looking for any LONG positions, I will suggest you stand aside for now as you might be able to get in at lower prices.

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Updated View On Gold XAU/USD (22 Jan 2020)

We are seeing a possible BEAR attempt yesterday and it may continue to the end of the week.

If the BEARs attack is successful, it can go $1,535 region.

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Updated View On Gold XAU/USD (28 JAN 2020)

I was expecting an immediate swing down and I was wrong. (See red arrow)
We have a strong MONDAY push up bullish bar and the price is cruising near $1,581 at this moment.
In terms of the price momentum, it is obviously still bullish.

The only setback that we may have is, it had some strong bear attack near $1,581-$1,588, so the price will have a hard time breaking that up. Watch that region closely.

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Update on XAU/USD (29 JAN 2020)

Please see the RED arrow. $1,550 region is possible.

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Updated View On Gold XAU/USD (3 FEB 2020)

Gold has been one tough nut to crack recently with lots of up and down.
It is hard to make a read right now and I expect $1,585 level shall act as a decent resistant for now.

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Updated View On Gold XAU/USD (4 FEB 2020)

Gold is likely to be a yo-yo action between $1,567 and $1,587 region.
It might go sideways for now.
It shall only go in the proper movement by the end of the week with the NFP hype.

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Updated View On Gold XAU/USD (5 FEB 2020)

"Finally", it hit our initial TP level near $1,555 but.

But it was a very humbling experience. We wear almost square away our short positions on the last Monday.

It shall eventually go to $1,535 soon.

The market can remain irrational longer than you can remain solvent.
Cheers.

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Updated View On Gold XAU/USD (6 FEB 2020)

The market seems to get comfortable and now it found base near $1,555 region and it may drift into the sideway movement until NFP tomorrow.

The expected range bound is between $1,555 and $1,580.

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Updated View On Gold XAU/USD (7 FEB 2020)

I am still holding the same view as yesterday so far.
Currently, it is holding well near $1,568 region.

That bump will get grinded out, and Gold can move higher if NFP numbers are good and they are like to be better than expected.

The expected range bound is between $1,555 and $1,580.

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Updated View On Gold XAU/USD (10 FEB 2020)

Currently, we are seeing the minor drift up for now, and it can go to as high as 1,580 or even higher before it met with strong resistance.

At the same time, watch the strong support level of $1,555.
Only if the price gets broken down that region/level, we shall be back in the BEAR territory.

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Updated View On Gold XAU/USD (11 FEB 2020)

Gold is meeting some resistant near $1,572 and even it swings back $1,580 region will be another strong resistant.

We have FED chair to speak and it will have a strong impact on USD and the GOLD price.

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Updated View On Gold XAU/USD (14 FEB 2020)

Gold is moving in the tight range recently and it is due for a nice break/trend soon.
The price is behaving in this manner as it awaits the FOMC meeting in the middle of next week. We shall see some definitive movements after that.

Take it slow, markets does not move/trend all the time.

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 (19 FEB 2020)

Gold had as a strong move for the no-strong reason on Tuesday, just a day before the release of FED minutes release.
The movement did cause a stir in the market.

I am seeing 1600-1610 as the resistant region and Gold will need a strong force to break it up cleanly.

Let's 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 (23 FEB 2020)

I was expecting the Gold might meet some resistance near $1,600-$1,620 regions but it didn't. I was wrong.

It cruised straight up on the fear of possible pandemic nature of the virus.

Now, the trend is strong on the BULL side and it might go up further as the virus fear escalates.

The next level it can go to is $1,650.

Let's 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 BitCoin BTC/USD (24 FEB 2020)

Gold is in the parabolic strong move as sellers are shunning and long traders are jumping on the wagon.
In such a 90-degree parabolic movement, the risk is high but going into the short is highly risky.

It has broken strong resistances such as $1,650 and $1,675. So, $1,690 - $1,700 region shall be the next.

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Updated View On Gold XAU/USD (27 FEB 2020)

Gold is showing some resilient signs on its bullishness.

I expect it might swing up higher toward 1,674 than 1,700 again.

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Updated View On Gold XAU/USD (4 MAR 2020)

Gold price is trying to break up near the congestion zone of $1648-1650 region.
It is important to watch how today's candle ends.

If today's candle ends with as strong BULL candle+ above $1650, we might see further upside.
So, if you have a short,, it is advisable not to short at this moment.