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#AU AngloGold Ashanti bouncing off bottom of flat top triangle?Anglo Gold seems to be morphing in the form of a flat top triangle but it is obviously very early stages. We have a 3 bar hold off the bottom trendline, which have on both prior occasions resulted in a fierce rally in price. Should we start to see follow through on Monday with a push above the 3 day highs then we have a really good chance of going to test the top of the range at R375.00. A break of R375.00 would then confirm the flat top triangle breakout with much higher targets in place.
JSE:ANGLong
by MarcoOlevano
1
AUDUSD D1 - Long SignalAUDUSD D1 Similar setup here for the aussie/dollar. We managed to get off the ground a little bit faster here as compared to cable. That being said, we also got caught with that liquidity dump and spike, which punctured support and stops before flying higher. I feel we may see some rejection at 0.63800, before then gearing up to break upside, largely depending on the DXY and if this can start to reject that resistance price we have indicated convincingly.
Long
by Trade_Simple_FX
AUDUSD - Long Trade Idea (ICT)My macro bias is still bullish for DXY, therefore bearish for AUDUSD and other XXXUSD pairs. However, I am anticipating further retracement to the upside on the sub-daily timeframe. Preferably I would like to see the Buyside Liquidity just above the current price to stay untouched or pierced slightly, then to retrace back into the Bisi 2h, 4h (R2F) zone, ideally this move starts to happen after 1am. Then my target would be above the current Buyside Liquidity and into the Sibi 4h above. Confirmation of my trade will be a shift in market structure via a displacement on a lower timeframe and at the specific timing I mentioned.
Long
by Road_2_Funded
Buying AU Following HTF bullish trendWe saw a trend change on HTF and daily supply failed, so we wanted more confirmation to switch to buys, and its always visible on HTF 4H as we see, a big up move and we are yet to mitigate HTF supply, so we for sure not looking to take shorts for now 15m now as we seeing price struggle to go lower and take out the lows and only seeing HH and HL its time to read whats on LTF 5m everything is mitigated on 5m, so no need for price to go lower (unless it needs more liquidity, or we see major news out) 1m entry as we see, price is inducing sellers on that HTF weak supply, initiating mini supply chain on 1m JUST TO BUILD LIQUIDITY and then SWEEP IT will update it as it moves.. lets see
Long
by Cleerboy
Potential Long Swing Position Following the HTF Bullish MoveWe've been bullish for a while now, but price made a correction of that move just yesterday and it swept a lot of buy orders so in theory it has the fuel to continue up from here We are just waiting for it to mitigate a high probability area of demand, and that blue area looks good because it swept liquidity and made a new BOS to the upside on 15m also, that area mitigated previous demand which gives us more confluences for our trade idea to work out and since that area looks messy we can't execute on 15m, so we have to wait for LTF confirmations and better RR 4h target
Long
by Cleerboy
Gold decoupling from stocks is a positive signOn Monday, gold broke above $2 000, making a new high at $2 009.85. Unfortunately, gold erased its gains the next day and plunged as low as $1 934.34. Although this drop did not last long either, and after the FOMC, gold skyrocketed back above $2 000. Currently, it trades near the $1 990 price tag. In the long term, we continue to be bullish on XAUUSD. However, we expect it to remain highly erratic as investors might cash out their profits in order to cover their losses in the stock market (once the selloff speeds up). Therefore, we will closely monitor gold’s price action in the following days; seeing gold decoupling from the stock market will be a positive sign. Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD. It also displays simple support/resistance levels. Technical analysis Daily = Bullish Weekly = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
21