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!
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. Please share your thoughts and views on my analysis and don't forget to like it and share with others.
Let the market force the trade, wait for a break of the current range and ride gold into the December highs. There are obviously many considerations we should assess when trading any market. But, two that stand out when trading gold, especially when it's strongly trending, are: 1) Whether gold is going up/down in other G10 currencies, and not just USDs 2) ...
WE expect US dollar to fall and the bond market to be propped up to force money into stocks and push stocks higher If gold falls --> Dollar go up --> the whole world falls in terms of fiat purchasing power --> Chaos Will they kill paper gold once and for all and make the world's fiat burn? Phenix rises? Debt has risen since 2011 why has gold and silver gone...
GOLD in AUD testing UpTrend Support.
What I'm seeing with the aussie dollar and gold, possible retest zone before continuation. See how rest of the day/following week plays out.
GOLD has infact corrected and going downward now in Elkiot ABC formation
XAUAUD SELL 1758/60 TG OPEN SL 1766 MORE INFO PM ME ........ DEMO CALL NO CHARTING EXPLAIN .....
BREAK TREND LINE SELL TG1-1616.57 TG2-1604.61
Classic Accumulation pattern showed by ADX, no Entry sign yet however given risk reward it looks good. This should a couple of days to hit Target One, May be few more weeks to target 3. Use trailing stop and adjust your stop loss as we move across Fib Targets
Xauaud (gold aud) AB=CD completes at the extreme range of a weekly Paralell channel and at a weekly support zone. With the last candle closed for the week showing strong reversal, I am seeing Xauaud to be a good buy position.