Gold XAU/USD (Inching Up)

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View On XAU/USD (13 May 2019)


First: You can go read my previous analysis if you want.

Background: Gold is currently in the grind UP condition and it shall inch further up slowly.
The keywords are "grind' and slow. You can time them well.

It shall revisit our old (TP1) of $1,288 again. Nonetheless, it might eventually rise again toward $1,298 region (TP2).


Target(s): Neutral
1289.4 (TP1)
1299.4 (TP2)
1314.6 (TP3)

SHTF: It will use $1,258 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.
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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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Updated View on Gold XAU/USD

1289.4 (TP1) (HIT)
1299.4 (TP2) (HIT)
1314.6 (TP3)

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Updated View on GOLD

Gold had hit our TP2 of $1,300 of a few days back.
At the moment, DO NOT rush in to buy.
There is a reason I put 1300 as a TP level as it is a STRONG resistant.

It needs strong forces of new buying to come in to break this level. So, it may take some time or even pull back first.

Take it slow.


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Updated View on Gold XAU/USD

Heed our advice on 'not to buy Gold @ $1,300? ' It is making a pullback now,

It shall eventually break out but it may take some time. So, take it easy first.

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Updated View on Gold XAU/USD (17 May 2019)

Heed our advice on 'not to buy Gold @ $1,300? ' It is making a pullback now,
We can expect to find support from the region of 1281 to 1284. So, it is little to late to short.



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