GOLD/AUD
gold idea - 2300-2400 ??... weekly chart - long term viewgold weekly chart showing diffenrent way to use fib to calculate
2300/2400 is or tgt upper channel line
ABC or 5 wave ..... w3 of wave c or coud be wave 3.. one more leg up to complet wave 3 or wave c. then will eye for retracement weather wave 4 or wave a of retracement
check the channel lines how it giving support / resistance
A Fuzzy Cluster of Buillish Probability Bullish Momentum Overnight to thrust Gold upwards to the downard trend line. Worth noting tgat this downward trend line will only offer a mild resistance and the possibility remains for Gold to see all time highs once again in the near term should the trend be breahed.
The Big Short, Just like the movie... Update #2 WOW, Today was a GREAT battle between the Bulls & Bears! After great success with the start of The Big Short I got caught in the crosshairs of this great consolidating battle being tugged back and fourth, Stop loss after stop loss. Finally i just had to take a step back, Breathe! Go for walk, Open your eyes. Let the battle commence whilst you sharpen your sword and get ready, Get ready for the war because the battle is just temporary. After a short break I re enter short but so the battle continues until finally...A bear, small little red bear just pops his little head out from under the bull and pulls its legs from underneath it with one big ROAR! And with the roar, A Big Bearish Flag to assert its dominance. Letting the Bulls know, We aint playing! And so comes the 2nd target of The Big Short 1850, 1800. Like i say this isnt over for the Bulls but for the meantime Bears are clearing the smoke and showing the fundamental median price value of gold behind the hype.
Continued year by year growth, 2008-2011 crisis, BIG Bull Run, BIGGER Bear Run, Year by year growth, 2019-2021 Crisis, BIG Bull Run, BIG... Bear Run... To be continued. For now B1GFUDG3 OUT!
Disclaimer: I am not advising anyone to take any trades nor am i providing market direction or certainty, Please do your own analysis and use the correct risk management.
'' PS... Learn to master your emotions, Once you get greedy, You start loosing. '' B1GFUDG3''
Only Safe To Long The rise in gold is being driven by many deep market factors. There is a strong drive to industrialize by all nations, there is a space and technological race developing between nations, also covid is accelerating this trend with fiscal stimulus from all nations. New (millennials) and life long value investors (Baby Boomers) are converging in a self supporting trend. There are many forces driving this trend forward, too many to mention, but this is a terrible time to be anything but long on Gold, it's next to impossible to predict a bottom or even a leveling out in these conditions.
Updated- GOLD (AUD) daily chart. Still in UpTrend for now. Updated- GOLD (AUD) daily chart. Still in UpTrend for now.
The Big Short, Just like the movie... Update #1And 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...
BIG DOWNSIDE IN THE XAUAUDStoploss well above 2874 and take profit 2763. Use proper risk management.
Enjoy the pips.
The big Gold consolidationGold 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 [4H] Break or not dont miss it 🔥🔥🔥🔥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 🍺🍺🍺🍺🍺🚀🚀🚀🚀🚀
Gold Continues it's Natural Climb 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 post my next entry, as always.
Gold (AUD) daily- Uptrend from early still intact.Gold (AUD) daily- Uptrend from early still intact and recently confirmed.
Gold (AUD) since 2007- Secular bull market.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).
Aussie #GOLD $XAUAUD Respecting the Major Trend Line 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.
Fibonacci Analysis Update June 11 2020Updating 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
