Gold (AUD) weekly chart- Up Channel With partial rise, and threatened downward breakout. thepatternsite.com
Updated- GOLD (AUD) daily chart. Still in UpTrend for now.
Gold (AUD) daily- Temporary support.
Gold (AUD) daily- Uptrend from early still intact and recently confirmed.
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).
Gold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside another ABW!
Gold (AUD)- Simple UpTrend support. Short term bullish.
Gold (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.com
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.
Gold (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).
Gold (AUD) Daily- Symmetrical Triangle inside a Ascendening Broadening Wedge. thepatternsite.com thepatternsite.com
Gold- Symmetrical triangle, within a larger Broadening Top. Symmetrical Triangle- Has a 60% of Upward breakout, 40% chance of downward breakout. thepatternsite.com Broadening Top- Has a 61% of Upward Breakout, 39% chance of downward breakout (Thomas Bullkowski) thepatternsite.com
PMGOLD Daily- Gold ETF also forming a Symmetrical triangle. Sometimes, the Gold ETFs form in advance a hint of technical insight ahead of the main underlying commodity- not this time!
Gold (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.
Gold (AUD) Daily chart- Ascendening Broadening Wedge.
Symmetrical triangles as part of lead uptrend, tend to bias bullish breakouts.
Gold (AUD) daily chart- Following orderly uptrend. Yellow line- 20 day simple MA.
Gold in AUD (daily chart)- Ascending broadening wedge (yellow lines). According to Bulkowski's chart pattern research- 81% probability of a bullish eventual breakout. thepatternsite.com