AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish on AU but we can see a bit of choppiness forming just below 0.69500 resistance. From here, we ideally want to see bearish conviction step in and price action starts falling again. Look to target lower toward major support...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are still very bearish on AU. We are currently in an active short position and are aiming for 0.68500 support. To continue with the bearish trend look for lower highs below 0.70000. Trade scenario 2: For us to consider AU bullish we need to see a...
Gold remains resilient against bearish fundamental factors like higher interest rates and economic tightening. Meanwhile, it enjoys support from persistently high inflation. On 15th June 2022, the FED meeting is set to commence. Moreover, the FOMC is expected to raise interest rates in the U.S. by at least 50 basis points. In our opinion, this poses a threat to...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish on all timeframes and last week we saw a major drop to our 0.70000 support zone. From here we’re looking to continue bearish and enter specifically on lower high setups. This could be a multiple setup analysis if price action continues to...
Once again, we reiterate our long-term bullishness in gold as it is on a track to be one of the best-performing assets of 2022, beating Bitcoin and U.S. stock market indices like NDX and SPX. Since the start of 2022, gold is up approximately 2.5% and holding up relatively well in the current market conditions. Next week, the FED is set to increase interest rates,...
AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: The 4hour timeframe on AU is still looking bullish while the higher timeframes are still technically bearish. We are at a key resistance level around 0.72500 so we will look for reactions going forward. For us to continue bullish we would need to see a...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Overall AU has been bearish on higher timeframes but has been looking very bullish on the 4hour timeframe. The most likely scenario is that price action reaches our 0.72500 resistance level before we see any sort of reaction. Look for higher lows at this point...
In our last post on gold from early May 2022 before the FOMC, we reiterated our long-term bullish stance on it. However, we stated that we expected profit-taking to ensue in the short-term, especially if the stock market continued lower. We also speculated about a possible short-lived dip in gold towards 1800 USD. Since then, gold has made a new low at 1786.785...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Looking newly bullish on AUDUSD 4hour and we’re looking for higher lows above 0.70000 with strong bullish candlestick setups to enter on. Look to target higher toward 0.71700. Trade scenario 2: For us to consider AU bearish again on the 4hour we need to see a...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish on AU and a potential trade scenario is coming up soon. Ideally, we can see a lower high below 0.70000 with good bearish setups to follow. Look to target lower toward 0.67000 support. Trade scenario 2: For us to consider AU...
XAU/USD Daily neutral with a bearish bias. *Cup and Handle formation from August 2011 still valid + recent downturn can be attributed to a strong dollar (move to treasuries) but overarching theme of geopolitical uncertainty and inflation still control the narrative thus far*. Recommended ratio 40% gold, 60% cash. Price is currently testing the 200 MA at $1838 as...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Still looking very bearish on AU. Currently, we’re in an active trade after a retest of 0.72500 & structure formation. To continue playing this short we are looking for a lower high below 0.70000. Trade scenario 2: For us to see AU as bullish on this 4hour...
LIKE AND COMMENT I see a potential bullish structure and my entry is in OB
Looking for AU to hit the FVG and go bullish to take out the wicks to the left
Double Bottom spotted, waiting for price to retest the neckline.
I need a little help, so i drew a range and I believe if it breaks the resistance and retests it'll go up but if it doesnt it'll go down to support and either break it and fall more or just bounce?Did i do it right or did i fail at a basic thing??
AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking strongly bearish here on AUDUSD and the support level we’re at around 0.72500 is the make or break zone here. It is more than likely that AU will continue bearish as it is showing no signs of slowing down. Ideally, we can spot a lower high below...
The higher timeframes indicate a bullish nature on this particular pair The most recent support regions on the smaller timeframes have successfully held with some consolidation becoming apparent prior to Asian open Price attempted to break support again and failed. This justified a buy position in the form of a buy stop in order to confirm momentum before...