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View On Gold XAU/USD (The Bull strength is Strong)View On XAU/USD (2 June 2019) Gold has an astounding recovery on the late last week and it broke a strong support resistant region of $1,300., now it is using $1,285 as a very strong ULTIMATE support region. Meanwhile, it can go $1,310~$1,314 easily and the next hard resistant will be $1,320 (Take profit there) DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "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.
OANDA:XAUUSDLong
by SonicDeejay
1
XAUUSD approaching resistance, potential drop! XAUUSD is approaching our first resistance at 1197 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1193 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:XAUUSDShort
by Tickmill
1
Gold and silver at downside targetsMonday alert-At the time of writing this article/alert our full net short positions is well justified by the risk and reward perspective we have already seen gold stocks outperforming on Friday,we already informed you that from our perspective this is the strong bullish confirmation we are keeping our eyes on for in to close our short position which we entered at 1348 or even open a long position.does that mean we are going to see gold prices higher shortly? we are not sure at this point.it's true that we mentioned that we need to look at a bullish confirmation before we will close our current short position or even reverse it but there are some factors like the strength of this outperformance is not able to convince us to close our current short position at this point. mining stocks and silver outperformed gold and the USDX signal has already been underperformed by gold.we already saw the manifestation of it-gold declined on Friday, that's a bearish sign, not a bullish one. we saw gold moved a little bit higher with a very small volume, that's a clear indication of a little bit correction, not the end of a decline. cyclical turning points of gold and mining stocks is due on this Wednesday and we are expecting gold at around 1250 USD or little bit higher than that based on the decline we are expecting on Wednesday,However if we unable to find such decline then it might be possible we close this current short position or even open a long one. In terms of euro gold plunges to new June low on Friday after it has been reversed several weeks ago at its September 2017 high, overall from our perspective gold is likely to plunge more before we will be able to see an actual reversal Silver-The white metal closed this week at about 16.50 USD and at the time of writing this alert it's trading at about 16.30 USD, The recent upswing which we witnessed has been rather small and insignificant.we are keeping our short positions intact. overall our short-term view on white and yellow metal is rather not very clear and as we wrote we are expecting a greater decline on Wednesday as a cyclical turning point is due on this day, if not we will close our current short position on the same day. please note-Next analysis will be rather long and will be more focused on silver
FX_IDC:XAUUSDShort
by NeerajPandey
patience pays off[ ]At the time of writing this article/idea our full short position is now justified in both of the precious metals gold and silver from the risk and reward measurement Not too long ago on friday we closed our net short position in both metals in our group,since then we have seen huge rally in gold and silver as expected before,we already mentioned our short term target area in yesterday post and it was expected to reach at the end of week but yesterday rally was so significant that both metals hit there target areas,before going into chart we want to emphasize you that don't try to look charts as a trading system,it's rather a tool which helps you to find good entry,stop loss and take profits that's it,there are many long term fundamental factors which helps us to add long or short position in our portfolio,ok now let's dive into charts In yesterday post we mentioned that gold could move 1340 zone before it plunges again why 1340? that's where the rising resistance line is,we argued that once it hits that zone that wlll be a strong bears signal and we will be ready to net short our position but before it plunges more in a dramatic way you can see a small upswing again in both of the metals,most important to note is yes gold market is giving strong bearish signals but more strong confirmation is coming out from other precious metals sector silver sector-until now we didn't mentioned silver sector in our idea but from now you will see silver,mining stocks as well as usd index analogy in our articles,on dec 15,2017 we have seen a similar daily rally that we saw yesterday,shortly after the rally silver plunges,bearish implication were huge,so are we going to see the same decline in silver this time? we already did but lot more to come!! not only because we are comparing this present scenario with past but because silver outperformed gold multiple times before declining,we already mentioned in our articles(not here sorry) that once silver will reach to our target area our bearish outlook will be more confirmed ok let's move into us dollar index,keep in mind thay usd index is above its very important support level so long term outlook is very bullish but before the end of week we can expect some volatilty as mario draghi speech and emloyment numbers are about to come so the question is will gold and silver will rally up again,they can but less probable as they have reached our areas of interest so outlook is very bearish now,but anyways we will update with our post if any major changes will happen in metal sector, gold-1st target-1230 stop loss-1379,entry price-1325 silver-1st target-14.730 stop loss- 17.300 entry- 16.500 if you are interested in intraday signals p.m me we will provide you it free stay tuned
FX_IDC:XAUUSDShort
by NeerajPandey
6
short term buy At the time of writing this article/idea we don't think any position in gold or silver will be justified from the reward and risk measure our profit taking on friday turned out to be a good decission as the usd index declined significantally and gold/silver are making upward movement,but the question is how much gold will rally before the decilne continues again? for that we need to go to our usd index chart,let dive into it.us dollar has been declied to its february low or alteast closer to it but we really don't think it's going to mannifest,the most likely scenario which could happen is us dollar will find its support at the above mentioned trend line,it could decline to 89 before it soars again,we believe that our support line will trigger the reversal in dollar and it should be done with in a week or so,after that it will depend how the dollar moves(pace),in precious metals sector triangle apex technique always proved that it's the most important technique a trader can use if he works in precious metals trading,so it's something traders should always take into account, gold upside target-The emloyment numbers are going to released on friday and it will make volatile price movement,before the decline continues friday can be the perfect day where it can trigger the final part of upswing before it plunges again,overall we all should be prepare for the soaring of gold before it declines again,but the real question is how much it will soar,gold could reach to the 1340 zone before it plunges,that's where the rising resistance line is,again let's keep in mind that there are too many long term bearish factors in play which will drive the price down,right now we think it's better to be out from market but as always we will inform you with precise target and stops once market will provide us any clue!!!
FX_IDC:XAUUSDLong
by NeerajPandey
Stock Market, DXY, and AmericaAs many financial events are taking place on the fundamental side such as trump's speech tonight, breaking price highs and lows from a -5 years has occured many major market oves plus allocation of funds normally placed in these markets were transferred to the cyrptocurrency market which will be be moved to the bonds, and safer investments. Dxy is on a strong support, the stock market which was making highs while the dollar was making lows,and they are both turning around together. Gold sell is looking great, you can trade the dxy actually so i will be in both of these pairs. looking for dxy to hit the tp listed. Rsi is beyuond overbought or oversold depending which slot the USD on the ticker code.
TVC:DXYLong
by Zohaib_Valliani