D-AU
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.
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.
GOLD ⚔️ SILVER🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
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.
Bitcoin vs GoldPlease 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.
This is comparison of Bitcoin (BTC) versus Gold (XAU) , so if the:
*price is going up, it means BTC is stronger than XAU
*price is going down, it means BTC is weaker than XAU
After strong initial impulse down the pair has been consolidating for almost 5 months and formed this triangle📐. Now the price is breaking down out of this triangle and if it really breaks, I think there is chance for drop to 7.5. TARGET being height of the triangle projected from midpoint of the local range (pink). So this call is predicting that Bitcoin will lose -30% against the Gold .
As you know recently it was a total carnage for crypto market because of the FTX fail. Actually I predicted this FTT extreme drop 2 months ago in the idea down below:
The current situation between Binance and FTX being also a reason why I think the investors will move the funds from crypto to precious metals - safe haven. Let me know your thoughts!
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.
AUDUSD 4hour Analysis December 18th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking more bearish as of recent but i am not 100% convinced. Ideally we can spot some more bearish confirmation below our 0.67000 zone to then enter short.
Look for price action to consolidate and establish a larger presence below 0.67000, when we can spot clear bearish conviction we can then consider trades.
Trade scenario 2: For us to consider AU bullish again we need to see price action push above 0.67000 with structure and bullish conviction.
AUDUSD 4hour Analysis December 11th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish again here on AUDUSD as this large wedge pattern continues to form.
Technically this chart is in an active trade but we will keep looking for rejection from our 0.67000 support zone for further long entries.
If we see a retest of 0.67000 with strong rejection and bullish variations we can comfortably retarget higher toward 0.68500.
Trade scenario 2: If AU is to be considered bearish we would need to see a break below 0.67000 with structure in the form of a lower high below.
AUDUSD 4hour Analysis December 4th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking very bullish on AU and we can see a wedge pattern forming at this recent high.
Going into this week we’re looking for the bullish trend and pattern to continue. Ideally we see some good rejection off 0.67000 support and can target higher resistance levels.
Trade scenario 2: For us to see AU as more bearish we would need a break back below 0.67000 with some convincing lower highs below.
Look to target lower toward 0.65500 if this happens.
AUThis was also very experimental, not a trade I took. Just a forecast I had and a trade Idea I place. The price had rejected at the blue square quite a few times and this rejection was usually instant or very impulsive. So I would have placed a buy limit (because price was lower than the entry point I would've had). It triggering and further pushing down, recons that our forecast was inline with the market. Still a good way to sharpen skills when waiting for your watchlist to give your setups, it also stops you from seeing things on your watchlist that don't exist.
AUDUSD 4hour Analysis November 27th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish on the daily timeframe and 4hour now as price action continues to push higher.
Currently, price action is resting just above 0.67000 which we broke at the end of last week.
Since this is our key zone we’re looking for reactions to decide where AU goes next.
Ideally we bounce off 0.67000 and form some convincing bullish variations we can enter long on.
Trade scenario 2: If we break below 0.67000 it is likely we will see price action fall to lower support levels like 0.65500
AUDUSD 4hour Analysis November 20th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish but price action has been consolidating near our 0.67000 resistance zone.
Going into this week we want to identify structure before getting into a trade. Ideally we see price action retrace to 0.65500 and confirm a higher low.
If this happens we can confidently enter long.
Trade scenario 2: The other likely scenario is AU moving higher now without a more significant pullback. Look for higher lows above 0.67000.
AUDUSD 4hour Analysis November 13th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are now looking bullish on AU as we surged through our 0.65500 zone and now price action is now resting near our 0.67000 zone.
Going into this week we’re looking for reactions and the most likely scenario would be a retrace to 0.65500.
Ideally, we can spot a clear higher low with bullish variations to enter long on.
Trade scenario 2: For us to consider AU bearish again we would need to see a break below our 0.65500 zone with a lower high below.
AUThis was my analysis and resulting forecast a while back, and I appreciate that because I do not know this pair (Studied It). It has showed me that in order to understand it I cannot come with the same mentality as where my pairs I focus on everyday. So I take the lesson and add to my book of learning and sharpening
AUDUSD 4hour Analysis November 6th, 2022AUDUSD Beaish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We have experienced some high volume last week which leaves us with a difficult chart to read this week.
Looking at the chart we can see that overall we’re bearish until we see some structure above 0.65500 as that is where the last 4hour high plummeted from.
Ideally, we can spot a nice reversal from this high and look to enter on lower highs below support levels.
Trade scenario 2: If we are to consider AU bullish again we would need to see this bullish volume from last week continue and push AU above 0.65500.
If this happens we can look for structure forming higher lows and comfortably enter long.
AUDUSD 4hour Analysis October 30th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: AU is looking newly bullish as the 4hour timeframe recently broke above 0.64000 and is attempting to form a higher low.
Look for strong bullish rejection and target higher toward 0.65500
Trade scenario 2: For us to see AU as bearish again on the 4hour timeframe we need to see a break back below 0.64000 with a lower high below showing us strong bearish rejection.
Gold inflation adjusted (real) versus nominal price.Top chart is gold price corrected for inflation with base month being the current June 2022. This means that it is only valid for June 2022.
We see that gold hit the same inflationary ceiling as 1980 and 2010. Even though the nominal price has risen, making new highs, the real value of gold against the dollar remains below technical resistance and is now forming potentially bearish price action.
In my opinion, the main thing that can push the nominal price up farther is hyperinflation. However, even then it is unlikely that gold will outpace inflation - meaning the real price will downtrend against dollar, as it's doing now, even though the retail price will appear to be increasing.