If we consolidate here and break should see a massive upside to this pair.
Looks like for the meantime, GJ has bottomed. Assuming we consolidate here, ill be looking for a buy setup. Use sound money management, and only risk what you can afford to lose. Good Luck
Impulse up Consolidate Buying a breakout of the consolidation is a good idea. Use sound money management and risk only what you can afford to lose. Good luck
We are approaching what seems to be our weekly downtrend point in the structure. Again another structure coming to a cross on June 1st. How ironic! one more month for AU to push up higher before long term bears take over, lets be patient and not miss this opportunity. Could fall all the way to 60 cents. or who knows, maybe we will see a breakout. Let the chart...
A big setup is coming up on this pair. Many possibilities revolving around the current structure. If this truly is an ending diagonal, then the buy on this pair would be epic.
Still in a downtrend. In the short term looks like we will see come more consolidation towards the current trendline. (Red Dashed) Looks like we are going to see a 50% retracement of the down move. Coincides with the falling trendline, the C in the ABC sequence, as well as the D in the ABCDE sequence. As shown on the chart this should come to fruition around June...
Could see upside resumption here. Trendline break and retest. 236 bounce. Divergence going on macd Break below 200 EMA will bring massive selling pressure
Bias short IMO. Any break higher we could see .80 cents. However lots of reason to be short here. 618 Confluence Trenline Resistance Divergence on VXI. May be Comeback time for AU. Atleast towards 75 before any major decision is made.
DIV on VXI we could see a retracement to 1.285 levels. Strong influences such as 61.8 fib, trendline resistance suggest good area to watch for potential shorts. Only look for longs above the 200 EMA as that will depict the overall trend. Be Patient. Trade Your Plan or don't trade at all.
Really important levels coming up on this guy. I believe for now resistance is inside the orange box and will stay that way. Any break above will retest previous highs+. More than likely will see a test of 7600 area. Break or bounce there very key as you can see with the ascending wedge. Breaks below 7600 will test 7500+. Bias Short until that trendline is tested,...
Key Support held. Double bounce with a massive Bullish run and break of trendline/ wedge. AUDUSD is making a nice correction to the downside currently, helping to fuel the GA move. Good to go long on any/all pullbacks. Expecting GA to test the previous wedge lower trendline and a break above that will see 2.00+
Could see GJ fall from this level, or we could reach up to 162+. we will see
Got us the first time, Well we got you back GU. sit back and enjoy the ride folks
Would be the best addition to my trade log here on TV. Hoping for the best! Very small risk here
If price breaks above 7740 then we can expect a test of .79+ Failure to break above and we will be testing near .75 area. Good luck!
At the DOHA meeting, there was no deal made. Assume that US OIL will tumble this week. And all XXXCAD pairs should rally in the process. Looking like GC Heading towards 1.85 area again. Hopefully we will see a break out from here
More channel play, or a break out. I plan to play both sides here