This will be my views of XAU/USD Gold (Aug 2018) Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
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View On XAU/USD (1 Aug 2018)
I am expecting Gold can make a quick swing back as long 1208 levevl is holding.
It is not for a long term holding, but rather a short term swing trade.
EP Near 1216 or 1212 SL 1202 or 1194 TP1 1242 TP2 1263
DYODD. all the best.
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Update on XAU/USD.
The previous trade didn't work.
It is now the downtrend now, as long as the price is still below $1,225.
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Updated View on Gold (13 Aug)
The market seems it is not ready for a good run UP, just yet. Do not rush into LONG.
S0nic
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Updated View on Gold (13 Aug)
The market seem it is not ready for a good run UP. Do not rush into LONG.
@SonicDeejay, Thanks for the link. I have viewed the video. Keep up the great work. I have learnt a lot for you. Hence Qantas tip as a means to say thank you.
MartijnVandeWeerd
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Thank you for your input! One question, on the 19th of July you predict a bearish outlook for Silver. Yet, you now predict a bullish outlook for Gold. Gold and silver normally walk hand in hand, how would you comment on this? It seems at least one of your predictions is not feasible..
SonicDeejay
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@MartijnVandeWeerd, Gold/Silver both in still in overall Bear. I will not change just yet.
This gold analysis, it is more a quick swing.
Hope it helps.
Hassanfx_Expert
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sir what you think about gbpcad i m stil holding
SonicDeejay
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@Hassan.saeed881994, I still have, but I am not adding any new positions.