Gold (AUD) daily- Temporary support.
And so it has begun, The smoke is starting to clear and the real value is appearing in the background. I see it dropping further to 1900/1800 before levelling out into a range bound market. Lets see...
Stoploss well above 2874 and take profit 2763. Use proper risk management. Enjoy the pips.
Gold is showing some weakness after a very strong performance in the last 2 weeks, matching ATH in (Australian dollar terms) recorded in April - May 2020. Consolidation is expected next between the trendline and the resistance @ 2735 before the next run through ATH.
XAUUSD Break or not dont miss it 🔥🔥🔥🔥 Please stay tuned. Absolutely missed Because at this point this candle is very important If candle do not break through the resistance, open for Sell. But if candle break through the resistance, wait for the candle to shorten and follow Follow buy. LIKE LIKE LIKE PROFIT 🍺🍺🍺🍺🍺🚀🚀🚀🚀🚀
From my major entry and call long in May of last year, we've had nice gains on every reentry , sticking with a solid buy buy-only strategy. Why? Bond yields are lower--and heading lower-- real economic growth is slowing. With J.P. Morgan, Citi, and WellsFargo to release earnings tomorrow, I will be sticking to this long only bias for the foreseeable future. WIll...
XAUAUD Short term short before continuing Long
Gold (AUD) daily- Uptrend from early still intact and recently confirmed.
Gold (AUD) has been in a secular bull market since the early 2000s Four easily identified formations (last 3-4 years each). The current formation still has a way to go to be 3-4 years old. Ascendening Broadening wedges, Falling wedge, Up channel, Slight ascendening broadening wedge or Up channel (current formation).
Buy at 1716 for the Target of 1732 Current Price 1725
Aussie $GOLD $XAUAUD is respecting the major bull trend line to date. Expecting price to plot along for the rest of 2020 before making new highs in early 2021.
Updating our previous post but so far it's shaking out just as we predicted. Bullish Leg 1 = completed Bearish Leg 2 = completed Bullish Leg 3 = completed Bearish Leg 4 = completed Big Bullish Move Expected Leg 5
Gold in the coming days will break the resistance axis 17461.30 and reach to 1903.96 after seeing a sharp decline on Mars 20
Gold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside another ABW!
Gold (AUD)- Simple UpTrend support. Short term bullish.
Gold (AUD) daily- Clear downward breakout from Ascending' Broadening Wedge (ABW). Price target is horizontal red line. Temporary relief at purple UpTrend line. Regarding the 52% of ABW that break out downwards. 81% of those act as Reversals of the prevailing trend- Thomas Bulkowski. thepatternsite.com
Gold (AUD) daily- Downward breakout from Ascendening Broadening Wedge (ABW). 81% of AWB breakouts occurs in the direction leading up to the ABW. However, this is that 19% of cases. Note: We are at Oversold RSI's under 30. History shows, when the RSI hits these levels, usually prices bounce back up.