XAUAUD - Reversal within a larger Ascending broadening wedge. XAUAUD - Bullish reversal within a larger Ascending broadening wedge.
GOLD/AUD
XAUUSD - Ascending broadening Wedge GOLD is hitting long term support now. Contained within a ascending broadening wedge.
Gold 21-EMA SupportGold pared some of its gains on surging US treasury yields. Markets eye US CPI data for further direction. Headline CPI is expected to decline by -0.1%, core inflation to rise by 0.30% mom. The overall trend is still bullish as long as support of $1700 holds.
XAUUSD H4 - Short Signal Following $1700/oz breakXAUUSD H4
Trendline here drawn just to evident the clear bearish move, very much still in a downtrend here. Looking for that next bear leg and healthy correction as stated on the above D1 analysis.
Certainly an attractive pair to follow with lots of downside potential if this $1700 can be breached.
Gold Buy And Selling OpportunityGold in the near future for a selling opportunity around the 1725/30 zone
Once we get any bearish confirmation, the trade will be put onto action.
Gold New Cup & HandleGold Recovery 21-EMA Edges Above if break next eyes 55-EMA
RSI Pauses at 50 mark resistance
Gold H4 - Short SetupGold H4
We sold off nicely here and looks to have broken support, but a quick flick to the D1 timeframe shows a large wick rejection, and whilst we have set new lows on the H4, this isn't the case for the D1.
So we simply wait for something a little more clear which compliments both timeframes, this would give us more certainty and confidence in taking our short entries on the retest
XAUUSD - Gold a textbook bullish cup and handleXAUUSD - Gold a textbook bullish cup and handle.
Does not get any more compelling, short of cup handle breakout and successful back test.
Break out target USD $3,000.
XAUUSD H4 - Sell SignalXAUUSD H4
Down from 1800 since Monday, but since then we haven't seen a great deal of change in flat price, the fact we have dipped down towards $1770/oz is positive for USD bulls and gold bears though. Waiting patiently for this breach of $1700/oz, convincing close below and this should see the USD gain and gold break support
Gold Make Doji Formationgold in downtrend & complatly Down Channel in 1730 or 1680
Gold can corection move to 1780 & short from downtrend to new lower low maybe 1680 or 1650
Gold Testing 21-EMAany breakout 21-EMA to the upside can cause the local resistance trendline
if resistance 21-EMA remains valid more below is expected to 1790$.
Gold Easy Setup MatrixV Entry = 50 FIB Level, Trendline get broken
Target/TP = 88,6 FIB Level/Resistance = Hell Blue Zone
I get a burnout at my analysing, fck the system
Indicators: TDIGM Divergence "Cryptojesus" (Different Setings), Smart FIBO (ZigZag Lines for Patterns, make the chart invisible and only use), Support and Resistance Levels with Breaks
Stay focused and watch through the Matrix
GG Ez MatrixV
XAUAUD SHORTShort structure in multiple time-frames. Structure break at M15, I expect a small pullback before a new short.
Gold going bullish long time Hi dear trader gold at this point wait for reversal candle and enter the trade for long time hope you gain more 50%
Gold H1 - Long Signal Gold H1
Lower timeframe here than usual, but looking at the hourly trend on gold here. We have this morning just set a fresh high and close on the hourly after resistance that 1855 price for a little while.
Higher timeframe (H4) is targeting that $1900/oz as mentioned in the DXY analysis above. Trying to marry up H4 and H1 trends simultaneously.
XAUUSD - Gold Bullish Cup & handle formation (Target US$3000/Oz)XAUUSD - Gold Bullish Cup & handle formation.
Breakout target is US$3,000/Oz.
GOLD Rejected 21-EMABounce off Major Trendline Support
Down side eyes 200-EMA local support
Stoch momentum is strong bearish
if any break major trendline support scope more downside
Gold - What to expect from the FOMCIn our latest post on gold, we noted that the bearish trend lacked momentum, which would result in a sideways moving price action. We said that gold profit-taking would ensue to cover traders' losses elsewhere. We expect this trend to continue in the short term. We will pay close attention to the FED on Wednesday as it is expected to hike interest rates by 50 basis points. In our opinion, this will put further pressure on the U.S. economy, which will see more selling pressure. That is particularly bearish for gold in the short term. Therefore, we voice caution throughout this week as we expect gold to manifest high volatility. Indeed, we think there are high odds for gold to see a short-lived flush that will take it towards 1800 USD. Although in the medium and long term, we remain bullish.
Illustration 1.01
The picture above illustrates XAUUSD on the daily time frame and volume below it.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are bearish; DM+ and DM- suggest that same condition. Meanwhile, volume is declining, which suggests fewer people are willing to sell at the current price level. We expect volume to drop even more if the price continues lower. Overall, the daily time frame continues to be bearish. However, we think lower prices from the current level are attractive for accumulating more gold.
Technical analysis - weekly time frame
RSI is bearish. MACD is also bearish; however, it still hovers in the bullish area. Stochastic is bearish. DM+ and DM- are bullish, although if a bearish crossover occurs, it will cause us to change our medium-term to bearish. Overall, the weekly time frame is bearish.
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.
XAUAUD - Flag and Pennant formation.XAUAUD - Bullish flag and pennant formation. Prices likely to breakout out upwards from flag.
Sell or Buy Situation GoldTake sell limit and buy limit order.
As two trendline suggetions are there for up trend and down trend.
So kindly buy and sell at entry or take sell limit and but limit order.
gold rise to 1900Gold will rise to 1900$.
Finally, the 1830$ resistance was broken.
as you see, the chart is ready for the climb
