XAUAUD SHORTShort structure in multiple time-frames. Structure break at M15, I expect a small pullback before a new short.
XAUAUD trade ideas
XAUAUD - Flag and Pennant formation.XAUAUD - Bullish flag and pennant formation. Prices likely to breakout out upwards from flag.
Targets2730 target hit and I expect a revisit.
Overall:
Currently ascending channel pattern: mid term bearish until it breaks the lower or upper supports. Which it has, but we are looking for confirmation of the invalidated channel.
Also a nice chunk of volume on the last bullish move which shows big market interest. RSI showing reversal divergence on the daily but a break above 2700 will invalidate the reversal divergence.
Big rejection candle at 2750ish
Current lower support or buy targets:
2500-2570 or retail 2600-2700… if you’re lucky.
At this stage, with a break above the channel, and a confirmed retest, I’m considering the price might start going parabolic, if 2500 holds as support.
Since the ATH, and considering inflation, and recent economic and political events, I see reason for a dramatic increase in value. However, two things that will decrease gold value is a decrease in production of electronics, which won’t happen, and the idea that gold is everywhere, all around us. A change in how we mine/obtain valuable materials and trade them will consequently change its value. Of course the other thing that could drop golds value is the idea that it is inflated as well, which looks very possible.
However, I have no reason to suspect the opposite until we see a new low this year. I remain bullish on gold long term mainly due to social uncertainty.
Keep safe out there. Be the change you want to see in the world… and smile.
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XAUAUD BULLISH (SHORT-TERM)xAUAUD traced out a bearish five wave impulse from Aug 2020 that ended in Mar 2020. From March XAUAUD has been forming a double three. Wave Y (Minute) of Wave B (Minor) is tracing out a triangle, which if completed should push AUD to two potential of 2610 and 2684/oz , at which wave Y (Intermediate) will retrace 0.618 Feb level and Wave C (Minor) will be equal to wave A (Minor)
correction wavethis is what i expect form xauaud... look for a sell limit at 2499.00 nd take your profit at 2495.....
it can go a way more down but secure some profit there at 2495
My take and buy limit order on XAUAUDPlease enjoy the video. You can look at my signals and see that my win rate is quite high with my strategy.
I will be taking FTMO challenge next year with this strategy.
XAU/AUD – Week 48 – Shorts gaining momentum?Hello traders,
Today we are looking at a short setup for XAU/AUD. At the moment we find ourselves in a corrective wave for the previous bearish impulse. This means that the next move should be towards the downside and has the potential to reach the confluence between the support level and the blue Daily trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long XAU/AUD @ supportIt is drawn on the chart.
We are buying at support after XAUAUD broke above resistance.
2021-11-17 XAU AUD - breakout areaEven Aussie losing to gold. Need to be careful seems a bit extended and 61.8% retrace of swing low is approaching. Should form a nice consolidation area before we go higher unless bonds and equities unravel
Gold (AUD) XAUAUD - in UpChannel, in Ascending Broadening WedgeGold (AUD) XAUAUD - in Up Channel, in Ascending Broadening Wedge
XAUAUD - Long term Gold chart (AUD)XAUAUD - Long term Gold chart (AUD)
Self explanatory. Hopefully, stays in the yellow Ascending Broadening Wedge.
Gold AUD near resistance (XAUAUD)Gold AUD nearing longer term resistance (XAUAUD).
Ascending Broadening Wedge. Probability of downward breakout is 52% to the downside, if a breakout occurs.
XAUAUD XAUAUD is travelling in channel pattern, Made good rejection at resistance level, so coming days expect a downtrend.
XAU/AUD With max profit on sell after a couple of push backThis Market going through heavy consodration at this moment from week time frame too hours time frame at this moment, we holding up for market to decided to break up and buy high or probably sell
(SELL LOW) FX_IDC:XAUAUD
2021-06-30 XAU / AUD - Support levelSupport level on XAU / AUD.
Price bouncing off 50% retracement of last swing up.
61.8% retracement level at 2,300.
GOLD in australiagold broke the down channel.
I expect the AUDUSD to move lower to .60 cents
which will help the AUD gold price higher.
$2900 will be retested.
