AUD Employment Change 5.9K
AUD Jobless Rate 5.2%
Currently, the AUD data shows a good sign for Bulls, and we still waiting for the US Jobless claims data in the next 4 hours.
So far it rejected the 38.20% Fib retracement. I agree on the H4 trendline looks like a breakout, but once again, the US Jobless claims data could be a strong catalyst to push gold further to make a new high.
My sentiment remains bullish, and the final potential target is at 0.66416
PS: This analysis fails if it breakout and close below 0.62637
AUD Jobless Rate 5.2%
Currently, the AUD data shows a good sign for Bulls, and we still waiting for the US Jobless claims data in the next 4 hours.
So far it rejected the 38.20% Fib retracement. I agree on the H4 trendline looks like a breakout, but once again, the US Jobless claims data could be a strong catalyst to push gold further to make a new high.
My sentiment remains bullish, and the final potential target is at 0.66416
PS: This analysis fails if it breakout and close below 0.62637
Trade active
US Jobless claims 5245KTrade active
Nice breakout on M15Trade active
Price action doesn't look so good, and here are quotes from the dailyfxRBA
- The central bank will keep doing what is necessary to meet the 3-year yield goal
- GDP could significantly fall in the second quarter and remain subdued in Q3
- Risks in commercial property warrants close monitoring
(BBG)
Currently waiting for RBA Gov Lowe Speaks at 10pm PST
Trade active
The trade fails if it breakout and close below the supportChart update:
Trade active
RBA Governor Lowe: - Likely that Y/Y inflation will be negative in Q2
- Not seeing signs of any stress in the Australian financial system
- Will have low-interest rates for a very long time
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Upgrade Your Trading Station with Gold Cartel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.