GOLD/AUD
SELL XAU/AUDSell the GOLD/AUSSIE pair and stand to win an RRR of 1:6.
I have checked enough metrics to make this call. Haha, like with every other trade.
May the Gold Gods be with you.
Cheers!
XAUAUD longGood luck for your trades.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Gold will be up to 1739My technical analysis, gold will be up to 1738.
Reason:
+ Fundamental analysis
- Korea crisis
- Tax hike
- Tension between US and China
+ Technical analysis: you can look to the chart that I draw.
Gold (AUD)- log chart long termGold (AUD) log long term chart. If ascending wedge fails to the downside, it is hello yellow support line.
Does any one else see 1400 in gold chart ???I know that's not the way to use Fibonacci circles
but it's interesting
is GOLD coming ??As can be seen in the graph, Gold seems to form an upside-down Shoulder-Head-Shoulders formation over a very wide time interval. In such a case, if the $ 1670 levels, which it has been recently supported, will form the Right Shoulder, we can see the first target of $ 2180 and then the target will be $ 3000 because of the formation target.
However, as a counter to the above scenario, prices must first break the downward trend, if not, we can see a retracement to one of the strongest horizontal resistances of $ 1400 .
It contains only personal views and opinions. Does not contain legal investment advice ...
Fibonacci channel analysis-Downtrend in gold was expectedGOLD
Since start of this year the shining metal has loses its shine as its started to fell off from the 1960.00 which is 400 pips below the Major key psychological level acting as strong resistance for the bear.
We can see the longer term downtrend channel formation since January And Gold is unable to break this downtrend channel formation.
The fundamental factors such as The vaccine roll out around the globe and the declining phase of the covid-19 and the economic optimism around the globe is also a key factor which causing the investors were fled to the stock market and equity markets.
Because the risk sentiment was shifted from negative to positive in recent months. The industrial and service sector was slowly gaining momentum. Another one factor here to consider is the galloping in the prices of Bitcoin and other stable coins.
Nowadays the investors are more interested to invest in cryptocurrencies.Though the global gold consumption was slowly regaining the price patterns were still pointing downwards Gold has broken three major key psychological levels such as 1900.00 1800.00 1700.00 Currently 17000.00 was acting as dynamic support and resistance for the both bull and bear.
The price was well below the Point of control and The price was trading below the 200,100 Exponential moving average. only 50 EMA was acting as last resort of hope for the bull.
In Fibonacci channel the price has tend to bounce from .50 and 0.618 retracement level and the price cannot fall below this levels. Ahead of the today FOMC meeting
the direction was unknown if the price broke the downtrend channel the price might reach around 1800.00 If the price is still within the downtrend channel it will reach
around 1650.00 as the next downside target.
We can see a triangle formation and it was expected to break to the south
GOLD Analyse* Up trendline breakout
* Resistance rejection at 1714
* Price back to decision zone
We had a long movement In the last past hours because of the market vibe, I think the next hours before the US session we will have a sideways market. And the US session will change the market.
💡 GOLD💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
GOLD ~ Reversing from middle support Hello traders and investors,
Welcome to technical analysis of GOLD.
if you like this analysis please like and comment below, it will support creating more analysis for you.
GOLD really don't want to break middle line this time. as i mentioned in my previous gold analysis that if we see bearish scenario gold need to break this middle line support ,
but today we see regular bullish divergence in RSI which indicate bull are coming.
and target 1 is near 1844.
gold buy (short)i hope my analysis and forecast of the gold price trend next week is correct.after the price reaches the goal .i subsequently draw the next goals.
Gold AUD daily- Ascending WedgeGold AUD daily- Ascending Wedge
At least bullish for now being at the bottom of the range.
BUY GOLD Gold looks like it can potentially push higher from this point onwards. I opened two trades of 1% risk in which one trade will close half way from my take profit to bank in profits and the second trade will be trailed after every support line is made.
Time to buy Gold - Inflation is one important SignGold only ran sideways for a long time. Buy signals have now been issued. Inflation data could help this week. I am traveling as a buyer.
