XAUAUD trade ideas
Gold (AUD)- Similarity of post-2008 GFC to Post Covid-19Gold (AUD)- Similarity of post-2008 GFC to Post Covid-19
Post crisis stimulus and slashing of interest rates, provides a tail wind to Gold.
XAU AUD BREAKOUT IMMINENT!! BUY BUY BUY!LETS GO! BUY GOLD BACK UP!
WORLD IS AN UNSTABLE MESS! TECH COMPANIES HAVE TOO MUCH CONTROL.
HAPPY TRADING IN THESE PRIME TRADING CONDITIONS!
GOLD RALLY IMMINENT!!!!!!!! buy! GOLD IS CHEAP!buy buy! buy buy!
FOLLOW FOR MORE TRADE SET UP!!!
HAPPY TRADING ! SUCCESS TO YOU! (peace sign)
Gold (AUD) daily- New trendlines. RSI 24.4Gold (AUD) daily- New trend lines.
RSI way over sold.
Nearing major support line.
AUD XAU moving higherso on the daily chart it looks like price will soon hit the lower band. considering the fiscal foolishness of the aussie govt. AUD will head higher and the AUDUSD will head lower.
I suspect the uptrend channel will hold true
Gold (AUD) weekly chart- Up ChannelGold (AUD) weekly chart- Up Channel
With partial rise, and threatened downward breakout.
thepatternsite.com
GOLD / AUDCould be near an inflection point (trend change). If it were to breakdown, I would be buying in the golden pocket (between 0.5 and 0.618 fib levels).
I would be cautiously bearish until the latest supply zone (resistance) transformed into a demand zone (support).
