AUDUSD ANALYSIS FOR 7 – 13 AUGUST 2022
This analysis will be quite lengthy, please read through to the very end.
The Genesis- Right from late year 1997, large part of year 1999, a fall and bounce in year 2008-2009 (The subprime mortgage recession) up to year 2020’s Covid-19 pandemic recession – The Aussie has been respecting the 0.65000 price region.
Fast forward...
TRADECONOMICS FOR XAUUSD AUGUST 7 - 13, 2022
The precious metal as been bearish since mid-June 2022 and took a u-turn in mid-July 2022 after a bullish engulfing. Currently the Gold had hit 61.8 % fib level on swing 1855 and 1680 regions.
A closer look on 4 hours shows that the metal had just completed Elliot wave 1 -5 cycle and it is ready for a bearish dive into...