XAUAUD - Daily. UpTrend Channel.
Gold (AUD) log long term chart. If ascending wedge fails to the downside, it is hello yellow support line.
Likely bounce off Ascending Wedge bottom.
XAUAUD(GOLD) AUD daily chart- At UpTrend line.
Gold (AUD) daily - Hopefully we have hit a bottom. Bullish divergent RSIs.
Gold (AUD) daily- New trend lines. RSI way over sold. Nearing major support line.
Gold (AUD) weekly chart- Up Channel With partial rise, and threatened downward breakout. thepatternsite.com
Gold Daily (AUD)- Still overall bullish.
Gold (AUD) daily- Uptrend from early still intact and recently confirmed.
Gold (AUD) has been in a secular bull market since the early 2000s Four easily identified formations (last 3-4 years each). The current formation still has a way to go to be 3-4 years old. Ascendening Broadening wedges, Falling wedge, Up channel, Slight ascendening broadening wedge or Up channel (current formation).
Gold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside another ABW!
Gold (AUD) daily- Clear downward breakout from Ascending' Broadening Wedge (ABW). Price target is horizontal red line. Temporary relief at purple UpTrend line. Regarding the 52% of ABW that break out downwards. 81% of those act as Reversals of the prevailing trend- Thomas Bulkowski. thepatternsite.com
Quick update on GOLD/AUD We appear to be chugging along in a relatively undisturbed uptrend, the Fib extension targets from the April-August 2019 wave higher are pitching a potential point of resistance at the $2,800 mark as this coincides with the 1.27 extension. With a potential overshoot to just shy of $2,900 (based on Keltner channel targets) Technicals:...
Gold in AUD (daily chart)- Ascending broadening wedge (yellow lines). According to Bulkowski's chart pattern research- 81% probability of a bullish eventual breakout. thepatternsite.com
According to Bulkowski- 60% probability of downward breakout, 40% of upward breakout. As for downward breakout for a falling wedge, one of the worst performers, with 72% probability prices will retest breakout point (throwback). As for upward breakouts for falling wedges, far more likely to be fruitful with far better performance, according to Bulkowski.
Gold in AUD daily chart- Still in uptrend.
According to Bulkowski- Falling Wedge is an over all poor performer as far as bullish formations go, however it has a 68% of upward breakout. NB. since the formation is over 3 weeks old, it is a falling wedge and not a Flag and Pennant formation. thepatternsite.com
Gold in AUD- Compared with AUD/USD forex.