$XAUAUD Gold Aud MAs price in the blue range bouncing off the yellow range. Lower high set in showing a change of momentum. Watch the strengthening AUD against the USD which is what is lowering gold prices atm. by crashman1113
Gold (AUD) daily- Uptrend from early still intact.Gold (AUD) daily- Uptrend from early still intact and recently confirmed. Longby platinum_growth115
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).Longby platinum_growth7
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.Longby panicselling16
Gold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside anotherGold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside another ABW! Longby platinum_growth115
Gold (AUD)- Simple UpTrend support. Gold (AUD)- Simple UpTrend support. Short term bullish. Longby platinum_growth7
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.comShortby platinum_growth4
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. by platinum_growth4
Long opportunity with XAUAUD bounce off support XAUAUD touched daily support offering a long opportunity. Stop Loss should below the previous swing low on H1 not above it. Longby mohamed.tharwat.elsheriefUpdated 3
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). Longby platinum_growth4
Gold (AUD) Daily- Symmetrical Triangle inside a Ascendening BroaGold (AUD) Daily- Symmetrical Triangle inside a Ascendening Broadening Wedge. thepatternsite.com thepatternsite.comby platinum_growth4
XAUAUD bearish To 2627.30 . MK ( Market Killer )We have end of Correction, and Price action Shoting star candel ( Spring Box ). We can see bearish to 2627.30. Thank you. " MK " Shortby Pabloxx00Updated 335
Gold/AUD - Pullback - Buying Opportunity? I usually get quite frustrated with the Wall Street idiom of "buy the dip" what amounts to the gross over simplification of an entire field of study to "buy when big line go down" is quite annoying. That being said... When i see Gold prices dropping in the current financial and economic climate, YES please! I'll buy that dip all day long As you can see from the chart below, we have a very nice weekly MACD cross, this has historically been quite a nice sign of a decent pullback in our future, usually to the 21 ema as a minimum. Furthermore, the weekly RSI is also showing signs of weakening momentum, with the typical pullback landing Gold within the $2,400-$2,500 range, as minimum. That being said, Aussie stocks are looking a little long in the tooth, with the all ordinaries hitting the resistance i outlines several weeks ago, and while there is still some room to move higher, and in fact we are in a near-term uptrend barring a close below the 5,200 mark, i am expecting the equity markets to continue to deteriorate over the coming weeks and months. Even as the Aussie economy does begin to 'reopen' and loosen certain restrictions, that will amount to very little, as Australia is still predominantly a resource based economy, reliant on exports of minerals and raw materials. The economy's struggles will be exacerbated with the damage to oil prices, and any real recovery will be out of the question until trade begins to resume. So the equity markets are suggesting HIGHER gold prices, and the gold charts are suggesting a possible pullback (confirmed with a weekly close below the 9ema). With the global economy still in tatters and as the world slowly begins to awaken to this fact, Gold looks very likely to catch a bid. Therefore, any dip within gold is one that i am more than happy to follow that oh so simple idiom of "buy the dip" -TradingEdgeShortby Profit_Link6
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. by platinum_growth4
XAU/AUD Potential ShortIf GOLD/AUD respects downtrend it may drop lower to the next support levelShortby jedpen4
Gold (AUD) Daily chart- Ascendening Broadening Wedge. Gold (AUD) Daily chart- Ascendening Broadening Wedge. Longby platinum_growth4