GOLD/AUD
XAUUSD H4 - Short Signal @ $1945/ozXAUUSD H4
Not really confident jumping in anything ahead of US CPI, this event will be the event of the week and certainly set the tone for the USD going forward this week and likely the rest of the month.
That being said, we have eyes on $1944/46/oz price. A key area of S/R and clear area of pivot. Lets see what unfolds.
XAUUSD H4 - Long SignalXAUUSD H4
A bit of a change in trend following last weeks antics and cluster of USD based data towards the latter part of the week. Managed to hold north side of this $1900/oz.
Since, we burst to $1922, before retesting this broken $1910/oz zone somewhat. This could be an attractive entry long towards $1940.
Gold Forecast Pre-FOMCGold is trading at critical support 1960 and will drop to 1941 in short term. FOMC minutes eyed. Overall gold has been stuck in rectangular channel of 1940-1980. Investors are worried. NFP was positive while unemployment rate is higher that's why no clear decision yet. Wednesday is important for clear direction ⬇️⬆️ so be ready it will be giving a proper direction to gold.
In this chart, we may expect a short term selling till 1941.
Best wishes
XAUUSD H4 - Long Signal🥇XAUUSD 4
Our first swing entry from that $1940/oz was perfect. We saw a solid 200 pip rally up towards that $1960/oz price where we started to exhaust somewhat. We are now looking to see if we can catch that next bullish leg.
No confirmation as of yet, but on the basis of the DXY performance, correlating XAUUSD with the likes of GBPUSD, we could expect $1959/oz to hold as support and catch longs.
XAU/AUDHello Traders!
Gold is real money and will be here until the end of time.
If you look at all the XAU/XXX pairs it has been outpacing all currencies year after year.
Here we got a recent run with speed through a swing high.
I measure the FVG and find the algorithmic levels price could come down and fill.
XAUAUD - Completes Cup and HandleCup and Handle formation on a daily timeframe
Price is currently sitting just above the handle so I expect a small pullback and then price to continue upwards and trend along the line on the handle shown
Cup and handle is a bullish pattern , but not the strongest, when compared to a falling wedge .
XAU/USD BUY SENARY FOR NEXR WEEKGold is still rising. W1 timeframe also has closed above of last candle that means Next week we will look uptrend. But to gain power it should pullback to demand zone and will go on to increase. I showed to demand zones for you. We will wait pullback and take comfirmation on lower timeframe then we would trade. I think It will help to get some profits. GO ON TO LOOK MY ANALYSIS
GOLD🥇 channel breakoutHi folks! Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
GOLD made new all-time high back in 2020 and then pulled back to 1676 which set the trading range for next year and a half. During that period there was a break of violet downtrendline which was subsequently backtested and provided support several times. Now just recently price tried to break down out of the range but the breakout failed as there was no real follow through and actually after few days GOLD bounced strongly and got back inside the range (above range low). Currently price is just trying to break the yellow downward channel in which price was "locked" from last march. IF it really breaks up, then we could see move to the upper range (2000ish) in next weeks/months.
See my silver analysis which supports this gold thesis:
See my Gold/Silver ratio analysis which supports this gold thesis:
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.