Gold / Australian Dollar forum
XAUAUD buy buy buy
XAUAUD buying as we are in a trading range
XAUAUD Recommendations:
Hold: For conservative traders, holding current positions might be prudent given the mixed signals and neutral sentiment. The price is currently between the 50-day and 200-day SMAs, indicating a period of consolidation.
Buy:
Consider buying if the price drops to strong support levels around 3,446.70 AUD or 3,400.00 AUD.
Set a stop loss below 3,380.00 AUD.
Target resistance levels at 3,655.50 AUD and 3,786.00 AUD for profit-taking.
Sell:
Short-term traders might consider selling if the price approaches the resistance level of 3,655.50 AUD.
Place a stop loss above 3,700.00 AUD.
Target the forecasted level of 3,368.13 AUD for profit-taking.
Watch for breakouts: If the price breaks above 3,655.50 AUD with strong volume, it could indicate a continuation of the long-term bullish trend, potentially targeting the 3,786.00 AUD level.
XAUAUD XAUAUD (Gold vs. Australian Dollar) appears to be slightly bearish in the short term. Gold prices may face pressure due to a stronger US dollar and a potential shift towards riskier assets. However, the overall sentiment for gold remains mixed, with some analysts expecting prices to recover in the long term due to economic uncertainties and inflation concerns.
XAUAUD Them liquidity pullbacks be decent 😂😂 for long targets. Couldn’t do it without the help of them sellers. 😂😂😂🧏🏽♂️XAUAUD Gold bouncing off support after breaching 200-day MA. COT shows funds adding longs again. Inflation/recession concerns support haven demand. RBA policy and Aussie dollar moves important to watch.
XAUAUD Potential uptrend to 3092 early next week . Rising inflation and geopolitical tensions are supportive of gold as a safe haven asset.An easing of recession fears has helped drive investors back towards gold in search of returns.
The Australian dollar has weakened a bit enhancing gold's appeal to Aussie investors.
However, an aggressive RBA rate hike stance could start weighing on gold.
XAUAUD Commitment of Traders and big speculators are betting against gold. This suggests that they expect the pair to decline further in the short term.The recent slump has been caused by a bunch of factors, like a stronger US dollar, rising interest rates around the world, and worries about a global economic slowdown.
XAUAUD XAUAUD is currently in a bullish trend. Price has been making higher highs and higher lows over the past few weeks.The prognosis for XAUAUD for the next trading week is bullish. However, there are some risks to consider.
One risk is that the US dollar could strengthen again. This would be a headwind for gold, as it would make the precious metal more expensive to buy for investors holding other currencies.
Another risk is that there could be some negative news or events that impact the gold market. For example, if the war in Ukraine escalates, or if there is a major economic downturn, this could lead to a sell-off in gold.
Sentiment for XAUAUD is bullish. Most analysts believe that gold is poised for further gains in the coming weeks.
XAUAUD I see this trend going bullish with 100% assurance. what's your opinion guys
