XAUAUD trade ideas
Aussie Gold stocks are up today but is it too earlyLocal Aussie gold stocks are on the move up today on some bargain hunting. Are the bulls jumping the gun though and setting up for more disappointment? The anchor to the downtrend is at 2540 on Aussie gold and price is extended into support around 2335 which is yet to prove it will hold. If the Aussie swings higher again, we expect that Aussie gold will pressure lower and may trigger a stop run below 2335 to clean out some buyers. Gold in USD terms is under pressure also so we may see more downside to come yet.
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Gold (AUD) - Bullish bounce within Ascending Wedge.Gold (AUD) - Bullish bounce within Ascending Wedge.
Bullish Divergent RSI
XAUAUDHi traders im shorting XAUAUD, the market re-testing the key level multiple times and based on the COT report still in short. Let's see how the market reacts
Gold (AUD) daily - Hopefully we have hit a bottom.Gold (AUD) daily - Hopefully we have hit a bottom.
Bullish divergent RSIs.
Gold (AUD)- Similarity of post-2008 GFC to Post Covid-19Gold (AUD)- Similarity of post-2008 GFC to Post Covid-19
Post crisis stimulus and slashing of interest rates, provides a tail wind to Gold.
XAU AUD BREAKOUT IMMINENT!! BUY BUY BUY!LETS GO! BUY GOLD BACK UP!
WORLD IS AN UNSTABLE MESS! TECH COMPANIES HAVE TOO MUCH CONTROL.
HAPPY TRADING IN THESE PRIME TRADING CONDITIONS!
GOLD RALLY IMMINENT!!!!!!!! buy! GOLD IS CHEAP!buy buy! buy buy!
FOLLOW FOR MORE TRADE SET UP!!!
HAPPY TRADING ! SUCCESS TO YOU! (peace sign)
Gold (AUD) daily- New trendlines. RSI 24.4Gold (AUD) daily- New trend lines.
RSI way over sold.
Nearing major support line.
