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AU

AUDUSD 4hour Analysis October 23rd, 2022AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AU saw some bullish movement at the end of last week and price action is now resting near our 0.64000 resistance level. Price action did break a significant level and pattern but i’m not convinced we are bullish yet. Ideally we can spot structure above 0.64000 to get behind a bullish 4hour outlook. Trade scenario 2: For us to consider AU bearish again we would need to see a lower high below 0.63250. That would be the most comfortable scenario.
by ForexLeague
AUDUSD 4hour Analysis October 16th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish on AU going into this week. We recently saw massive rejection from our 0.63200 zone and it is likely that AU will push to a new low before showing us structure. If this happens we’ll have to remain patient and look for future structure. Trade scenario 2: If price action pulls back to 0.63200 we will have another potential short opportunity. Look for strong rejection and clear bearish price action to enter short.
Short
by ForexLeague
AUDUSD 4hour Analysis October 9th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are overall bearish on AU but we have been stuck in a range that looks to be breaking bearishly now. Going into this week we’re looking to ride the existing bearish trend and a break of 0.64000 with a lower high below would be enough to consider shorts. Trade scenario 2: If we are to consider AU more bullish we first would need to see a bounce off 0.64000 and the range continue. Look to target toward the top of the range then consider reactions at resistance.
Short
by ForexLeague
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. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
FX_IDC:XAUUSDLong
by bizmark
5
AUDUSD 4hour Analysis October 2nd, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall AU is still bearish and we are technically in an active trade. Currently price action is resting right near 0.64000 support and we are waiting for reactions. The most likely scenario is price action continuing to fall to a new low. If we see a break of 0.64000 we will look for lower highs to confirm more bearish pressure. Trade scenario 2: If we see a bounce off 0.64000 it is likely price action will push up toward 0.65500 resistance.
Short
by ForexLeague
1
AUDUSD 4hour Analysis September 11th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Overall AU has been bearish on major timeframes but we recently saw the 4hour timeframe turn very bullish. Currently price action is resting near 0.68500 resistance and we’re waiting for reactions. Ideally, if price action is to continue bullish we need to see a significant higher low above 0.68500. Trade scenario 2: If price action reverses at 0.68500 we will look for strong bearish confirmations to enter short on. Look to target lower toward 0.67750 followed by 0.67000
Long
by ForexLeague
AUDUSD 4hour Analysis September 5th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking super bearish on AU and looks like price action will continue with this trend. We recently broke below our 0.68500 level and will look to continue short. The most likely scenario is price action rejects 0.68500 with strong bearish setups to enter on. Look to target lower toward 0.67000. Trade scenario 2: For us to consider AU bullish again we need to see a break above 0.68500 with a confirmed higher low above.
Short
by ForexLeague
AUDUSD 4hour Analysis August 21st, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are looking super bearish on AU and it’s not showing signs of slowing down yet. We are right near key support (0.68500) and how price action reacts here will determine everything. If we are to consider long scenarios we need to see a very convincing reversal off current support. Trade scenario 2: If falling price action does not slow down, look for a clean break of 0.68500 with any sort of confirmation below.
Short
by ForexLeague
AUDUSD 4hour Analysis August 14th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are back to bullish on the 4hour. We are actually looking a bit overextended at the moment. We can see price action is resting at our 0.71100 zone where we are waiting for reactions. Ideally, price action swings back to find structure and rejects support around 0.70000. This would present a higher low and good entry opportunities. Trade scenario 2: Price action is from any bearish opportunities but the first thing we would need to see is a break of support around 0.70000 with structure below.
Long
by ForexLeague
AUDUSD 4hour Analysis July 31st, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Price action is very bullish and is currently resting near 0.70000, a major zone. One likely scenario is that bullish momentum continues. Look for a break of 0.70000 with a higher low above. Trade scenario 2: For us to consider AU bearish we first need to see a break of 0.69500 support with a lower high below. Look to target lower toward 0.68500.
Long
by ForexLeague
AUDUSD 4hour Analysis July 25th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AU is looking very bullish since we broke back above our daily 0.68500 zone. Going into this week price action is strongly suggesting we will continue bullish so either price action will rally from where it is now and shoot higher toward 0.70000 or we will have a great opportunity to enter on a higher low (the blue trade path) Trade scenario 2: If we are to consider AU bearish again we would need to see a break back below 0.68500 with a confirmed lower high.
Long
by ForexLeague
AUDUSD 4hour Analysis July 17th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are clearly overall bearish on AUDUSD but price action has been bouncing between 0.68000 resistance & 0.67000 support for a while. The most likely scenario is a bearish continuation. Look for strong reversals from 0.68000 to then target lower. We are technically in a range so high quality price action setups only will be considered close to 0.68000 Trade scenario 2: For us to shake the bearish trend and consider AU more bullish we would need to see a massive rally that breaks 0.68500. This is where we have significant 4hour bearish structure that needs to be broken. After a break of 0.68500 we want to see bullish structure above 0.68500 in the form of a higher low.
Short
by ForexLeague
1
AUDUSD 4hour Analysis July 10th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish here on AU and price action looks to be setting up for a nice short opportunity pretty soon. Ideally, we can spot a clear reversal around 0.68500 with strong bearish setups to enter on. Look to target lower toward major support levels. Trade scenario 2: For us to consider AU bullish again we would need to see a break of 0.68500 resistance with structure in the form of a higher low above.
Short
by ForexLeague
2
Gold - XAUUSD is still neutral but well after the FEDDespite the highest rate hike by the FED since 1994, gold is holding up pretty well so far. It exhibits neutrality at the moment. However, despite that, we remain bullish on it with price targets at 2100 UDS and 2300 USD. Illustration 1.01 The picture shows how BTC started to lose its market dominance. The Celsius Network, run by Alex Mashinsky, paused withdrawals, swaps, and transfers on its platform a few days ago. Unfortunately, that is a substantial blow to over 1.7 million platform users, leaving their 151 534 BTC locked away. The company's statement says: “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.” We view this as a very positive development for gold as this recent event shook the confidence of cryptocurrency investors and hinted at the risks associated with investing in cryptocurrency institutions, projects, etc. We expect more capital inflows into gold from the cryptocurrency sector as it will continue to plunge lower. Technical analysis - daily time frame RSI is neutral. MACD and Stochastic are bearish. DM+ and DM- produce whipsaws, hinting at the neutral trend. Overall, the daily time frame is neutral. Illustration 1.02 The total cryptocurrency market cap plunged below 1trn. USD. Technical analysis - weekly time frame MACD and Stochastic are bearish. RSI is neutral. DM+ and DM- are bearish. However, ADX suggests the presence of a neutral trend. Overall, the daily time frame is neutral. Illustration 1.03 The picture shows a bearish breakout below the sloping support/resistance. Ideally, we would like the price to retrace above the sloping support/resistance. 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
14