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
XAUAUD trade ideas
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).
#XAUAUD Week Opporunity#XAUAUD Week Opportunity
Reasons To Buy #GOLD:
1.- Falling real yields and a weakening USD have seen investor demand surge. We see this demand remaining strong for the foreseeable future amid a challenging macro backdrop.
2.- The expansion of central banks' balance sheets shows no sign of abating, while US-China tensions escalate. This should see interest rates remain low, leaving further upside to gold prices.
The target is 710 FX Pips.
Entry at Current Prices $2655
Good Luck,
Gold Market says it's gonna keep going up, along with a bubble that will cause even worse Depression since the early 20th century and the destruction of the USD.
I say "yeah pretty much but first look at this".
XAUAUD | One of the Best Year OpportunitiesXAUAUD | One of the Best Year Opportunities
Good Morning Guys,
So #GOLD as expected since 3 Months ago when we buy at 1725 have been a really crazy upside movement.
Now if u don't get in the trade it doesn't matter there are other opportunities.
One of the best that I can see is the #AUD into a sensationality perspective looking a red scenario.
And the #GOLD has no near stop as we could see even with #Vaccines Probabilities price still flying...
Keep in mind today #DXY (Dollar) Drop This is the start of a huge fall for all the year and a really scary scenario could happen
In Summary Buy #GOLD now with #AUD relation is one of the best opportunities ;)
Good Luck,
Anderson
Previous IDEAS:
www.tradingview.com
XAUAUD 📈XAUAUD always follows the movement of XAUUSD so this pair is also going up so make sure to trade when trading gold as well✅
XAUAUD LONGWaiting for confirmation for long on XAUAUD
Statistical data showing weakness on a macroeconomic level, even with the support of government stimulus.
Awaiting breakout in ascending triangle formation to confirm entry - could be 14/8 or 17/8.
Target 1: 2787.67
Target 2: 2854.01
Target 3: 2967.33
Once confirmation received will update this thread.
GL.
Updated- GOLD (AUD) daily chart. Still in UpTrend for now. Updated- GOLD (AUD) daily chart. Still in UpTrend for now.
See told you guys that this pair always follows XAUUSD 🤩Went exactly as I planned and went all the way down the same way as XAUUSD 📉
XAUAUD always follows XAUUSD footsteps!This pair always follows XAUUSD no matter so if XAUUSD goes down then this one goes down as well.
But on here it has two possible entries where price could go, we just have to wait and see what the final outcome is but I’m pretty sure it’s going to head down either way📉
BIG DOWNSIDE IN THE XAUAUDStoploss well above 2874 and take profit 2763. Use proper risk management.
Enjoy the pips.
