GOLD/AUD
XAUAUD - Completes Cup and HandleCup and Handle formation on a daily timeframe
Price is currently sitting just above the handle so I expect a small pullback and then price to continue upwards and trend along the line on the handle shown
Cup and handle is a bullish pattern , but not the strongest, when compared to a falling wedge .
XAU/USD BUY SENARY FOR NEXR WEEKGold is still rising. W1 timeframe also has closed above of last candle that means Next week we will look uptrend. But to gain power it should pullback to demand zone and will go on to increase. I showed to demand zones for you. We will wait pullback and take comfirmation on lower timeframe then we would trade. I think It will help to get some profits. GO ON TO LOOK MY ANALYSIS
GOLD🥇 channel breakoutHi folks! Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
GOLD made new all-time high back in 2020 and then pulled back to 1676 which set the trading range for next year and a half. During that period there was a break of violet downtrendline which was subsequently backtested and provided support several times. Now just recently price tried to break down out of the range but the breakout failed as there was no real follow through and actually after few days GOLD bounced strongly and got back inside the range (above range low). Currently price is just trying to break the yellow downward channel in which price was "locked" from last march. IF it really breaks up, then we could see move to the upper range (2000ish) in next weeks/months.
See my silver analysis which supports this gold thesis:
See my Gold/Silver ratio analysis which supports this gold thesis:
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XAUUSD H4 - Short Signal Following $1700/oz breakXAUUSD H4
Trendline here drawn just to evident the clear bearish move, very much still in a downtrend here. Looking for that next bear leg and healthy correction as stated on the above D1 analysis.
Certainly an attractive pair to follow with lots of downside potential if this $1700 can be breached.
Gold H4 - Short SetupGold H4
We sold off nicely here and looks to have broken support, but a quick flick to the D1 timeframe shows a large wick rejection, and whilst we have set new lows on the H4, this isn't the case for the D1.
So we simply wait for something a little more clear which compliments both timeframes, this would give us more certainty and confidence in taking our short entries on the retest
XAUUSD H4 - Sell SignalXAUUSD H4
Down from 1800 since Monday, but since then we haven't seen a great deal of change in flat price, the fact we have dipped down towards $1770/oz is positive for USD bulls and gold bears though. Waiting patiently for this breach of $1700/oz, convincing close below and this should see the USD gain and gold break support






















