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AU

Gold decoupling from stocks is a positive signOn Monday, gold broke above $2 000, making a new high at $2 009.85. Unfortunately, gold erased its gains the next day and plunged as low as $1 934.34. Although this drop did not last long either, and after the FOMC, gold skyrocketed back above $2 000. Currently, it trades near the $1 990 price tag. In the long term, we continue to be bullish on XAUUSD. However, we expect it to remain highly erratic as investors might cash out their profits in order to cover their losses in the stock market (once the selloff speeds up). Therefore, we will closely monitor gold’s price action in the following days; seeing gold decoupling from the stock market will be a positive sign. Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD. It also displays simple support/resistance levels. Technical analysis Daily = Bullish Weekly = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
21
AUDJPY - Potential Buy ? Breakout of Bear Trend AUDJPY - Potential Buy ? Breakout of Bear Trend ? Discuss in the comments! National AU Bank Business Confidence News Release - 00:30 - 24/01 High Impact - Likely to cause a short volatile breakout so be careful Waiting to see the trend breakout was false and we continue the walk with the bears or whether it retests off the trend line acting as support and a potential pivot into the bull trend or at least the next S&R Zone.
Long
by OfficialKieranTrewick
AUDUSD 4hour Analysis January 22nd, 2023AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish overall on AU but we have some minor zones to be aware of before we enter into any positions. Going into this week we want to see clear price action and confirmations. Ideally, we see the next higher low with strong bullish setups we can enter long on. Trade scenario 2: For us to consider AU bearish we need to see price action fall below 0.68600 with structure formation below.
Long
by ForexLeague
AUDUSD 4hour Analysis January 1st, 2023AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are definitely looking bullish this week as AU is in an active long position. Most likely price action will push to 0.68500 resistance before reverses. If we get an opportunity to re-enter we want to ideally ride the bullish trend and look for confirmed higher lows to enter on. Trade scenario 2: If we are to see AU as more bearish we need to see a break back below 0.67000 support with strong bearish confirmations.
Long
by ForexLeague