XAUAUD There's no good news coming re China - US. That's hopium. Buy!Gold/AUD forum
๏ปฟXAUAUD There's no good news coming re China - US. That's hopium. Buy!
XAUAUD XAUAUD buy now till 4500
XAUAUD buy buy buy
XAUAUD buying as we are in a trading range
XAUAUD Recommendations:
Hold: For conservative traders, holding current positions might be prudent given the mixed signals and neutral sentiment. The price is currently between the 50-day and 200-day SMAs, indicating a period of consolidation.
Buy:
Consider buying if the price drops to strong support levels around 3,446.70 AUD or 3,400.00 AUD.
Set a stop loss below 3,380.00 AUD.
Target resistance levels at 3,655.50 AUD and 3,786.00 AUD for profit-taking.
Sell:
Short-term traders might consider selling if the price approaches the resistance level of 3,655.50 AUD.
Place a stop loss above 3,700.00 AUD.
Target the forecasted level of 3,368.13 AUD for profit-taking.
Watch for breakouts: If the price breaks above 3,655.50 AUD with strong volume, it could indicate a continuation of the long-term bullish trend, potentially targeting the 3,786.00 AUD level.
XAUAUD XAUAUD (Gold vs. Australian Dollar) appears to be slightly bearish in the short term. Gold prices may face pressure due to a stronger US dollar and a potential shift towards riskier assets. However, the overall sentiment for gold remains mixed, with some analysts expecting prices to recover in the long term due to economic uncertainties and inflation concerns.
XAUAUD Them liquidity pullbacks be decent ๐๐ for long targets. Couldnโt do it without the help of them sellers. ๐๐๐๐ง๐ฝโโ๏ธXAUAUD Gold bouncing off support after breaching 200-day MA. COT shows funds adding longs again. Inflation/recession concerns support haven demand. RBA policy and Aussie dollar moves important to watch.
XAUAUD Potential uptrend to 3092 early next week . Rising inflation and geopolitical tensions are supportive of gold as a safe haven asset.An easing of recession fears has helped drive investors back towards gold in search of returns.
The Australian dollar has weakened a bit enhancing gold's appeal to Aussie investors.
However, an aggressive RBA rate hike stance could start weighing on gold.
XAUAUD Commitment of Traders and big speculators are betting against gold. This suggests that they expect the pair to decline further in the short term.The recent slump has been caused by a bunch of factors, like a stronger US dollar, rising interest rates around the world, and worries about a global economic slowdown.
