XAUAUD trade ideas
XAUAUD sellsTechnicals:
D1 downside breakout of sideways movement and retracement
H4 bearish gartley, downside breakout of uptrend and retracement
Price at resistance level
Not a fundamentally backed trade as XAU may be bullish due to market uncertainty.
Nonetheless, an interesting technical analysis which we can watch to see if it plays out.
I will be staying out of this trade.
XAUAUD : longLooking to buy XAUAUD near support zone .
Staying bullish unless candles ( hourly) will close under zone A
XAUAUD POSSIBLE OLHC STRUCTURE JULYPlease support this idea with LIKE if you find it useful..
OLHC
JULY MONTHLY STRUCTURE & OHLC YEARLY STRUCTURE
MONTHLY STRUCTURE IN DAILY TIMEFRAME
Kindly wait for price to find a strong support. We will find confluence with other technical indicators for a VALID BUY ENTRY. Price appears to be dominated by sellers.
YEARLY STRUCTURE OHLC
Patiently waiting for the cross of Priceline below Bloodline to confirm full sells for the rest of year.
Short Term Buys for the month of July if price finds support & Long term sells if Priceline crosses below bloodline.
Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
$XAUAUD Gold Aud MAs
price in the blue range bouncing off the yellow range.
Lower high set in showing a change of momentum.
Watch the strengthening AUD against the USD which is what is lowering gold prices atm.
Gold (AUD) daily- Uptrend from early still intact.Gold (AUD) daily- Uptrend from early still intact and recently confirmed.
Gold (AUD) since 2007- Secular bull market.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).
Aussie #GOLD $XAUAUD Respecting the Major Trend Line Aussie $GOLD $XAUAUD is respecting the major bull trend line to date. Expecting price to plot along for the rest of 2020 before making new highs in early 2021.
Gold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside anotherGold (AUD) daily- Ascendin' Broadenin' Wedge(ABW) inside another ABW!
Gold (AUD) daily- Clear breakout from Ascendin' Broaden' WedgeGold (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 Ascend' Broaden' Wedge.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.
Long opportunity with XAUAUD bounce off support XAUAUD touched daily support offering a long opportunity. Stop Loss should below the previous swing low on H1 not above it.
Gold (AUD) daily chart-Symmetrical triangl's,Ascend/Fallin'WedgeGold (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 BroaGold (AUD) Daily- Symmetrical Triangle inside a Ascendening Broadening Wedge.
thepatternsite.com
thepatternsite.com
XAUAUD bearish To 2627.30 . MK ( Market Killer )We have end of Correction,
and Price action Shoting star candel ( Spring Box ).
We can see bearish to 2627.30.
Thank you.
" MK "
