XAUAUD trade ideas
XAUAUDXAUAUD has broken a falling wedge reversal pattern and formed a higher high, suggesting a potential bullish trend. Placing a buy stop pending order above the breakout point could be considered, with appropriate risk management measures. Monitor market conditions and combine with other analyses for informed decision-making.
Gold in AUDThis scenario is highly plausible. The recent collapse of SVB exemplifies the difficulty in retrieving funds from banks in a cashless society. Banks have resorted to closing branches and decreasing the number of ATMs in order to maintain profitability. As an alternative to cash during a bank run, physical gold has become increasingly attractive. In Australian dollars, gold prices have reached unprecedented highs, equal to those of March 2022. Although we have reached a point of resistance, the underlying factors suggest that gold prices will continue to rise, surpassing the $3000 mark. This is especially crucial for Australian gold mining companies that have been struggling to remain solvent. We anticipate further developments in this area.
GOLD AUDXAU AUD looks close to breakout.
ascending triangle setup on the daily chart.
the debasement of the AUD by the RBA is still in place
to slowly deflate this asset bubble. Govt is now
competing with the private sector in the labour market.
why work when i can get a hand out.
each year means more retirees who get $1000/FT
to do nothing. migrants bring their parents over to collect.
2023 could be the year the PIPER gets paid.
XAUAUD: Bearish RectangleI have set this position based on my analysis of the market and trading strategy. Therefore, it is recommended that investors conduct their own research and due diligence before making any investment decisions.
XAU/AUDHello Traders!
Gold is real money and will be here until the end of time.
If you look at all the XAU/XXX pairs it has been outpacing all currencies year after year.
Here we got a recent run with speed through a swing high.
I measure the FVG and find the algorithmic levels price could come down and fill.
XAUAUD POSSIBLE BEARISH BEHAVIOR Looking on the left there's a BSLQSW followed by CHOCH with Bearish compression movement. Then followed by Bullish COPLQ with low Bullish momentum, testing MPL. Look for CHOCH in LTF for Short positions. Let the market do its own thing because we can't control what the market does. Put a protective SL. Target the weak SWL.
Gold in AUDStrong drivers for gold now.
USD is bullish, which will be a further tailwind roe gold in AUD terms.
XAUAUD 1H - Bullish TrendAnalysis:
XAUAUD-1H is currently in a bullish trend. As price made bullish Hammer candle recently , it is a sign of bull trend continuation. In this case we can enter in a long trade. For this trade the stop loss will be at 2715 which is the previous higher low level.
------ Trade ------
Chart: XAUAUD-1H
Type: Long
Entry: 2728
Stop Loss: 2715
TP1: 2741
TP2: 2754
XAUAAUD - Bullish rising wedge.XAUAAUD - Bullish rising wedge.
Rising wedges can be bearish or bullish. Likely, long term trend consolidation, prior to next bullish breakout.
XAU/AUD: 13 Feb, 2023#XAUAUD #ShaneElliottWave #Shaneliot
XAUAUD || 4H Chart analysis || Elliott main wave count || 13 Feb, 2023 (UTC+7)
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Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot)
Hello traders,
That's my wave count for: XAUAUD
Timeframe Analysis: 1D
Expect Main Elliott Mode: Corrective
Expect Main Structure: Zigzag
Position: Wave C (Green- Minuette degree)
XAU/AUD BUYTesting Analysis
Waiting For market to open
4 hour chart
horizontal line drawn
diagonal line drawn
Rectangle boxes showing supply and demand zones
XAUAUD - Completes Cup and HandleCup and Handle formation on a daily timeframe
Price is currently sitting just above the handle so I expect a small pullback and then price to continue upwards and trend along the line on the handle shown
Cup and handle is a bullish pattern , but not the strongest, when compared to a falling wedge .
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XAUAUD short from resistance area with RSI MA trendline breakHere is another potential trade idea on XAUAUD if we get a confirmation signal.
Xauaud D1 long biasWe have clear long bias upto 2727 on #xauaud.
Though we are staying at HTF supplies but minimum we can catch some pips by following the said area.
Best of luck
