XAUAUD trade ideas
DOUBLE TOP SHORT CONTprice currently on neckline, breaking out of this area i doubt will be straight forward , 1 of two things , price will retrace back to resistance showed on chart and break downwards (where the first sell might take place) , if price breaks neckline immediately, initiate sell , smart stops should be placed , a bit above neckline so you don't get stopped out straight away in case neckline is retested for RES.
(SUGGESTION) go down to 4HRS to get a better perspective of the retests and early entry opportunity , GO TO WEEKLY to understand whats going on long term(Clean DT setup if daily is not so convincing)
(gold is gold,no feelings involved)
Gold in AUD - Breakout coming. The grey shad is the first 2/3rd of the triangle (point of average breakout). Upward breakout has a 60%, downwards 40% according Bulkowski's research.
Gold in AUD daily is forming into a Symmetrical Triangle.According to Bulkowski's reasearch- this has a 60% probability of upward breakout. It is not a Pennant in an uptrend (since it is over 3 weeks old).
Gold Resistance @ $2361A Bump and Run Formation here on Gold/AUD, looking for the pattern to terminate at $2361 then a retrace to gann angle.
XAU/USD Trade IdeaWaiting for gold to do a small retracement and then it should break up and out of my purple zone.
Potentiail reversal On new set high ??? long or short Pair has manages to set new highs,gone beyond zones i previously had making them resistance , however is the run exhausted and reversal occurring at this point or just retracement before rally continuation
open for speculation
XAUAUDPRICE HAS WENT UP AND CREATED A RESISTANCE NEXT WEEK PREDICTION IS THAT IT TRACES BACK TO 38% OF ITS BULLISH TREND.
THIS WEEK GOLD HAS BEEN FAIRLY STABLE AND AS THE WEEK ENDS, THE PRICE HAS REACHED ITS MATURITY LEVEL(75%) AND HAS TESTED ON THE YELLOW DOTTED LINE AND WENT DOWN PREDICTING IT WILL GO DOWN AND RETRACE TO 38%/50%
Gold! Where we are?! Best Setup!Hi Everyone, We are at an important point to sell XAUAUD, and buy it again from 2000 To take more profit at 2189 to sell again to take more profit at 1953, Good Luck!
GOLD/AUD Confirms New Bull Market as New All Time Highs ReachedOf course Gold priced in the Aussie dollar rising essentially just means the Aussie dollar is in decline, and of course the decline of the Aussie dollar is due to the RBA cutting rates driving investors away from Aussie bonds in search of yield. A rising Gold price is also a risk-off safe haven indicator pointing towards economic weakness ahead.
Aussie Gold testing resistanceAussie gols seems in the good rising. Daily chart show it still on bullish trends. Testing resistance at around $2080
GOLD prices in AUD has broken to new highsyeah yeah... new closing high for the week.
RBA will help this by destroying the value of $AUD.
expect $2000/oz AUD soon... mofos
GOLDAUSSIE - XAUUAD - treble top?????the pair XAUAUD seems to be forming a possible treble top. good potential return for a sell on it.
watch out for the break down thou.
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