XAUAUD trade ideas
#XAUAUD Week Opporunity#XAUAUD Week Opportunity
Reasons To Buy #GOLD:
1.- Falling real yields and a weakening USD have seen investor demand surge. We see this demand remaining strong for the foreseeable future amid a challenging macro backdrop.
2.- The expansion of central banks' balance sheets shows no sign of abating, while US-China tensions escalate. This should see interest rates remain low, leaving further upside to gold prices.
The target is 710 FX Pips.
Entry at Current Prices $2655
Good Luck,
Gold Market says it's gonna keep going up, along with a bubble that will cause even worse Depression since the early 20th century and the destruction of the USD.
I say "yeah pretty much but first look at this".
XAUAUD | One of the Best Year OpportunitiesXAUAUD | One of the Best Year Opportunities
Good Morning Guys,
So #GOLD as expected since 3 Months ago when we buy at 1725 have been a really crazy upside movement.
Now if u don't get in the trade it doesn't matter there are other opportunities.
One of the best that I can see is the #AUD into a sensationality perspective looking a red scenario.
And the #GOLD has no near stop as we could see even with #Vaccines Probabilities price still flying...
Keep in mind today #DXY (Dollar) Drop This is the start of a huge fall for all the year and a really scary scenario could happen
In Summary Buy #GOLD now with #AUD relation is one of the best opportunities ;)
Good Luck,
Anderson
Previous IDEAS:
www.tradingview.com
XAUAUD 📈XAUAUD always follows the movement of XAUUSD so this pair is also going up so make sure to trade when trading gold as well✅
XAUAUD LONGWaiting for confirmation for long on XAUAUD
Statistical data showing weakness on a macroeconomic level, even with the support of government stimulus.
Awaiting breakout in ascending triangle formation to confirm entry - could be 14/8 or 17/8.
Target 1: 2787.67
Target 2: 2854.01
Target 3: 2967.33
Once confirmation received will update this thread.
GL.
Updated- GOLD (AUD) daily chart. Still in UpTrend for now. Updated- GOLD (AUD) daily chart. Still in UpTrend for now.
See told you guys that this pair always follows XAUUSD 🤩Went exactly as I planned and went all the way down the same way as XAUUSD 📉
XAUAUD always follows XAUUSD footsteps!This pair always follows XAUUSD no matter so if XAUUSD goes down then this one goes down as well.
But on here it has two possible entries where price could go, we just have to wait and see what the final outcome is but I’m pretty sure it’s going to head down either way📉
BIG DOWNSIDE IN THE XAUAUDStoploss well above 2874 and take profit 2763. Use proper risk management.
Enjoy the pips.
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.
GOLD/ AUD - Time to BuyWell, the time has come to pick up some more of the yellow metal down under.
As you can see, the pullback i forecast has played out quite nicely and is now presenting us with a nice opportunity to participate in the potential subsequent move higher.
I would place a stop at a close below the Vol stops
Other than that, the price action and the macro environment is nothing but bullish for gold (and indeed silver).
- TradingEdge
XAUAUD sellsTechnicals:
D1 downside breakout of sideways movement and retracement
H4 bearish gartley, downside breakout of uptrend and retracement
Price at resistance level
Not a fundamentally backed trade as XAU may be bullish due to market uncertainty.
Nonetheless, an interesting technical analysis which we can watch to see if it plays out.
I will be staying out of this trade.
