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AU BIG SHORT OPPORTUNITY - SWING TRADEAUD/USD Not looking good here. There is a strong key level at 68-69c that has acted as a huge resistance and support in the past going back years down the line if you take a look. We've created some real heavy bearish structure leading into this level and we just closed below it on the daily. IF the bearish trend continues, we could see a rejection of this level and what once was support will turn to resistance and i see no stopping it until the Weekly order block located below at my TP. Big R:R Trade. Risk Rating: 6/10 NFA DYOR.
Short
by AltSetupsTrader
AUDUSD 4hour Analysis June 27th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish on AU but we can see a bit of choppiness forming just below 0.69500 resistance. From here, we ideally want to see bearish conviction step in and price action starts falling again. Look to target lower toward major support levels. Trade scenario 2: For us to consider AU bullish we first need to see a break of 0.69500 resistance. For me personally I would not consider long scenarios unless I see new structure above 0.70000
Short
by ForexLeague
Gold - Short term neutral/slightly bearish, long term bullishGold remains resilient against bearish fundamental factors like higher interest rates and economic tightening. Meanwhile, it enjoys support from persistently high inflation. On 15th June 2022, the FED meeting is set to commence. Moreover, the FOMC is expected to raise interest rates in the U.S. by at least 50 basis points. In our opinion, this poses a threat to gold, the stock market, and the cryptocurrency market. However, we do not foresee much downside for XAUUSD from the current price level. With the FOMC approaching, we would not be surprised to see increased volatility in gold and even a possible retest of the support at 1786.785 USD. Despite that, we remain cautious; furthermore, we will monitor the price action closely throughout the week. Our price targets stay at 2100 USD and 2300 USD. Illustration 1.01 The picture shows a decline in selling pressure reflected in declining volume. Technical analysis - daily time frame RSI, MACD, and Stochastic turned bearish just recently. DM+ and DM- produce whipsaws. A relatively low value in the ADX suggests a neutral trend. Overall, the daily time frame is slightly bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is very bearish. Illustration 1.02 The picture shows simple support/resistance levels. 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
19
AUDUSD 4hour Analysis June 12th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish on all timeframes and last week we saw a major drop to our 0.70000 support zone. From here we’re looking to continue bearish and enter specifically on lower high setups. This could be a multiple setup analysis if price action continues to drop. Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.71150 with a higher low above.
Short
by ForexLeague
Gold - Gold is set to beat Bitcoin in 2022Once again, we reiterate our long-term bullishness in gold as it is on a track to be one of the best-performing assets of 2022, beating Bitcoin and U.S. stock market indices like NDX and SPX. Since the start of 2022, gold is up approximately 2.5% and holding up relatively well in the current market conditions. Next week, the FED is set to increase interest rates, which will put further pressure on the U.S. economy and cryptocurrencies. Additionally, we expect this action to strengthen the USD. In our opinion, it may negatively impact the price of gold in the short term. Therefore, we are very cautious as the selloff in the stock market may spread out into the gold market as well. However, we do not foresee a substantial decline from the current price level. Instead, we view the current pricing as attractive. Our price targets stay at 2100 USD and 2300 USD. Other factors Other positive factors we look at are high inflation in the U.S. and the growing attractiveness of gold among central bankers as well as private investors. Illustration 1.01 The picture shows the daily chart of NDX. Its performance since the start of 2022 is -23.14%, putting it in the technical bear market. Technical analysis - daily time frame RSI is neutral. Stochastic is bearish. MACD is bullish but in bearish territory. DM+ and DM- are bearish. However, ADX suggests the presence of a neutral trend. Overall, the daily time frame is neutral. Illustration 1.02 Illustration 1.02 shows the daily chart of Bitcoin. It can be observed that its performance since the start of 2022 is -36.05%, drawing a technical bear market. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. ADX contains a low value, which suggests that no trend is present. Overall, the weekly time frame is neutral. 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 serve as 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
AUDUSD 4hour Analysis June 5th, 2022AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: The 4hour timeframe on AU is still looking bullish while the higher timeframes are still technically bearish. We are at a key resistance level around 0.72500 so we will look for reactions going forward. For us to continue bullish we would need to see a break above 0.72500 with a confirmed higher low above. Look to target higher toward 0.74000 Trade scenario 2: For us to consider AU for short scenarios we would first need to see a break of this 4hour bullish channel. Look for price action to break lower and form new structure below 0.72000. Continue looking for shorts as price action develops. Consider only entries on lower highs.
by ForexLeague
AUDUSD 4hour Analysis May 30th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Overall AU has been bearish on higher timeframes but has been looking very bullish on the 4hour timeframe. The most likely scenario is that price action reaches our 0.72500 resistance level before we see any sort of reaction. Look for higher lows at this point near 0.71200 for re-entries. Consider further long scenarios if 0.72500 resistance breaks and we spot structure above. Trade scenario 2: For us to consider AU bearish again we first need to see 0.71200 break with a lower high below.
Long
by ForexLeague
Gold - XAU is in choppy watersIn our last post on gold from early May 2022 before the FOMC, we reiterated our long-term bullish stance on it. However, we stated that we expected profit-taking to ensue in the short-term, especially if the stock market continued lower. We also speculated about a possible short-lived dip in gold towards 1800 USD. Since then, gold has made a new low at 1786.785 USD and then started to reverse to the upside. Currently, XAUUSD trades around the 1860 USD price tag. Our price targets stay at 2100 USD and 2300 USD. However, we are still cautious due to the possibility of profit-taking in gold continuing further if the stock market selloff continues. Nevertheless, we must note that gold is doing exceptionally well in the current market conditions. Therefore, we will continue to monitor gold closely and look for more clues revealing price direction in the short term. * Among foes to rising gold prices, we consider higher interest rates in the U.S. and around the globe. Additionally, we see also pressure from economic tightening. Technical analysis - daily time frame RSI and MACD turned bullish recently. MACD points to the upside, which is bullish; however, it remains in the bearish territory. DM+ and DM- show converging, which is bullish as well. The ADX decreases, suggesting the bearish trend is weakening. Overall, the daily time frame is neutral/slightly bullish. Technical analysis - weekly time frame RSI strives to break the bearish structure; if it manages to do so, it will bolster the bullish case for gold. Stochastic is bearish. MACD is also bearish; however, it remains in the bullish zone. DM+ and DM- produce whipsaws, making them neutral. ADX contains a relatively low value suggesting the presence of a neutral trend. Overall, the weekly time frame is neutral. Please feel free to express your ideas and thoughts in the comment section.
OANDA:XAUUSD
by Tradersweekly
5
AUDUSD 4hour Analysis May 22nd, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Looking newly bullish on AUDUSD 4hour and we’re looking for higher lows above 0.70000 with strong bullish candlestick setups to enter on. Look to target higher toward 0.71700. Trade scenario 2: For us to consider AU bearish again on the 4hour we need to see a break below 0.70000. If this happens look to enter short on a lower high with strong bearish setups.
Long
by ForexLeague
AUDUSD 4hour Analysis May 15th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish on AU and a potential trade scenario is coming up soon. Ideally, we can see a lower high below 0.70000 with good bearish setups to follow. Look to target lower toward 0.67000 support. Trade scenario 2: For us to consider AU bullish on the 4hour we would need to see a break of 0.70000 resistance with a higher low above.
Short
by ForexLeague
GOLD/USD Daily TA Neutral BearishXAU/USD Daily neutral with a bearish bias. *Cup and Handle formation from August 2011 still valid + recent downturn can be attributed to a strong dollar (move to treasuries) but overarching theme of geopolitical uncertainty and inflation still control the narrative thus far*. Recommended ratio 40% gold, 60% cash. Price is currently testing the 200 MA at $1838 as support and is still technically testing the uptrend line from August 2018 at ~$1870 as support as well. Volume (according to CME data) is moderately high and on track to favor sellers for three consecutive sessions as it is at a critical support. Parabolic SAR flips bullish at $1895, this margin is mildly bullish. RSI is currently testing the uptrend line from April 2013 at 32 as support (for the first time since August 2021) after being rejected by 39.34 resistance. Stochastic reverted to a bearish crossover after being rejected by 21.78 resistance and is currently trending down at 3.50 as it approaches a retest of max bottom. MACD remains bearish and is slightly trending down at -24 as it tests -19.72 support. ADX is slightly trending up at 21 as Price continues to fall, this is mildly bearish. If Price is able to defend support at the 200 MA ($1838) then the next likely target is a retest of $1910 resistance (after reclaiming the uptrend line from August 2018 at ~$1870). However, if Price breaks down here, the next likely target is a retest of $1702 support which would invalidate the Cup and Handle formation. Mental Stop Loss: (two consecutive closes above) $1910.
FX_IDC:XAUUSD
by dailytaguy
AUDUSD 4hour Analysis May 8th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Still looking very bearish on AU. Currently, we’re in an active trade after a retest of 0.72500 & structure formation. To continue playing this short we are looking for a lower high below 0.70000. Trade scenario 2: For us to see AU as bullish on this 4hour timeframe we need to see a 4hour transition and break of resistance near 0.72500. With the break we need a higher low then we can consider long scenarios.
Short
by ForexLeague
AUDUSD 4hour Analysis April 24th, 2022AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking strongly bearish here on AUDUSD and the support level we’re at around 0.72500 is the make or break zone here. It is more than likely that AU will continue bearish as it is showing no signs of slowing down. Ideally, we can spot a lower high below 0.72500 to enter short on. Trade scenario 2: For us to consider AU for long scenarios we really need to see reactions now at this support level (0.72500). If we can spot some good structure and a bullish 4hour trend then we will be interested in entering long.
Short
by ForexLeague
AUD/USD BuysThe higher timeframes indicate a bullish nature on this particular pair The most recent support regions on the smaller timeframes have successfully held with some consolidation becoming apparent prior to Asian open Price attempted to break support again and failed. This justified a buy position in the form of a buy stop in order to confirm momentum before entering. To gauge an early entry (due to the large candle sizes), I used the 15min timeframe. Targets are set at the previous highs where we have seen low traffic movement If history is to repeat itself, these previous resistance levels should be achieved again.
Long
by JRonaldTrading
2
AUDUSD 4hour Analysis April 17th, 2022AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Higher timeframes are bullish here on AU while the 4hour timeframe has been in a steady downtrend. We can see price action near our 0.74000 support formed a descending triangle, which looks to be breaking bearishly now. Look for a lower high below 0.74000 with strong bearish setups to enter on. Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.74000 first. The key to entering long here is structure. Look for a 4hour higher low above our most recent lower high.
Short
by ForexLeague
XAUUSD 15 MinHi traders. I'm an experienced trader of 6 years now, on my 7th. However fairly new to the Twitter and here on the Tradingview horizon. I'll be sharing my trading ideas more often with this community in hopes to teach and add value to whoever my work benefits. My first technical chart is on Gold / Xauusd with the idea to buy from current market price of 1951.00 toward the price area of 1977.00 / + 260 pips and a stop out area of 1939.50 / - 115 pips. Let's see how it goes, good to be here.
PEPPERSTONE:XAUUSDLong
by FX-KINGS-PRO
2