Gold XAU/USD (Is it a good inflation hedge?)

5 gen 2021

Gold rose strongly on the Monday, to catch its younger brother, BTC.

Gold is at near resistant of 1944-1955 region. So, It can go sideway swing first.

$1,930-$1,925 is support.


Overall trend is still UP, due to the strong bullish candle yesterday.

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.

6 gen 2021

Nota

Updated View On Gold XAU/USD (6 Jan 2021)

As mentioned 1940-1955 region is a strong resistant, and I expect the side way swing for here.

Just keep mind, the trend overall is still UP.
So, it it better to wait a strong support level for a BUY,

11 gen 2021

Nota

View On Gold XAU/USD (11 Jan 2021)

We had a strong Monday swing and it took out SL at the areas of $1,815-$1,819 region.

I see $1,850~$1,860 region is a good resistant.
If it is able to break up, it will be back to BULL mode.

So, as long as the above mentioned region is not broken up, do not jump "big" into the long yet.


Let' see.


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

29 gen 2021

Nota

Updated View On Gold XAU/USD (29 Jan 2021)

Gold is swinging around 1835~1860 region, and if $1,860~$1,870 region is broken up, things can go UP pretty fast.

When it happens, $1,890~$1,900 region will be next. Be careful.