BIG DOWNSIDE IN THE XAUAUDStoploss well above 2874 and take profit 2763. Use proper risk management.
Enjoy the pips.
GOLD/AUD
The big Gold consolidationGold is showing some weakness after a very strong performance in the last 2 weeks, matching ATH in (Australian dollar terms) recorded in April - May 2020.
Consolidation is expected next between the trendline and the resistance @ 2735 before the next run through ATH.
XAUUSD [4H] Break or not dont miss it 🔥🔥🔥🔥XAUUSD Break or not dont miss it 🔥🔥🔥🔥
Please stay tuned. Absolutely missed
Because at this point this candle is very important
If candle do not break through the resistance, open for Sell.
But if candle break through the resistance, wait for the candle to shorten and follow Follow buy.
LIKE LIKE LIKE PROFIT 🍺🍺🍺🍺🍺🚀🚀🚀🚀🚀
Gold Continues it's Natural Climb From my major entry and call long in May of last year, we've had nice gains on every reentry , sticking with a solid buy buy-only strategy. Why? Bond yields are lower--and heading lower-- real economic growth is slowing. With J.P. Morgan, Citi, and WellsFargo to release earnings tomorrow, I will be sticking to this long only bias for the foreseeable future. WIll post my next entry, as always.
Gold (AUD) daily- Uptrend from early still intact.Gold (AUD) daily- Uptrend from early still intact and recently confirmed.
Gold (AUD) since 2007- Secular bull market.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).
Aussie #GOLD $XAUAUD Respecting the Major Trend Line Aussie $GOLD $XAUAUD is respecting the major bull trend line to date. Expecting price to plot along for the rest of 2020 before making new highs in early 2021.
Fibonacci Analysis Update June 11 2020Updating our previous post but so far it's shaking out just as we predicted.
Bullish Leg 1 = completed
Bearish Leg 2 = completed
Bullish Leg 3 = completed
Bearish Leg 4 = completed
Big Bullish Move Expected Leg 5
GOLD analytiqueGold in the coming days will break the resistance axis 17461.30 and reach to 1903.96 after seeing a sharp decline on Mars 20
Gold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside anotherGold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside another ABW!
Gold (AUD) daily- Clear breakout from Ascendin' Broaden' WedgeGold (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
Gold (AUD) daily- Downward breakout from Ascend' Broaden' Wedge.Gold (AUD) daily- Downward breakout from Ascendening Broadening Wedge (ABW).
81% of AWB breakouts occurs in the direction leading up to the ABW. However, this is that 19% of cases.
Note: We are at Oversold RSI's under 30. History shows, when the RSI hits these levels, usually prices bounce back up.
GOLD IS MELTINGIf we can see an hourly candle close below 1693, we are on a road trip down to the 1675 mark. Good economic news confirmed yesterday & today resulting in big dogs selling their gold and investing their money back into currencies now the Covid-19 uncertainties are past the worst. It truly has become a bear's market.
Gold against Dollar, XAUUSD weekly analysis from June 1 to 5Weekly chart suggest a bullish week with a long tail pinbar at the Ist week of June, may the bulls take control on wednesday before the price retest the area of 1720, and push the price higher to 1748 area ..where it finds the resistance zone at 1751 area and may bring the price down to 1738.. it may the roller coaster experience this week on price action for Gold.
Note - Analysis based on Technical aspect, it may subjected to differs when fundamentals involves...
Gold (AUD) daily chart-Symmetrical triangl's,Ascend/Fallin'WedgeGold (AUD) daily. Symmetrical, ascending, fallin' wedges. However, bullish uptrend intact.
With unprecedented Unlimited Fed QE , expect a big rally in Gold and Silver over the next 3 years (as occurred after the great Fed QE from 2008-11).
Silver (AUD)- Monthly chart. Forming Double bottom.Silver (AUD)- Monthly chart. Potentially forming a Double bottom.
Note over head resistance (yellow line)- 4 failed previous attempts.
Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom.
Gold (AUD) Daily- Symmetrical Triangle inside a Ascendening BroaGold (AUD) Daily- Symmetrical Triangle inside a Ascendening Broadening Wedge.
thepatternsite.com
thepatternsite.com
PMGOLD Daily- Gold ETF also forming a Symmetrical triangle. PMGOLD Daily- Gold ETF also forming a Symmetrical triangle.
Sometimes, the Gold ETFs form in advance a hint of technical insight ahead of the main underlying commodity- not this time!
Gold (AUD) daily- Rising WedgeGold (AUD) daily- Rising wedge, inside a Broadening wedge.
60% of downward rising wedge breakout. 40% upward breakout.
Larger Broadening Wedge pattern- 80% of upward eventual breakout.
