For all the Aussies out there who are looking to buy more gold at the best price here is the area you should be looking at buying. $3200 is the ideal area. However price can bounce off the highlighted green area.
GOLD/AUD seems complete 5-wave formation, and probably is on its way down. Closure under under the channel line will confirm the idea. Closure under 2900 level will re-enforce the idea. Divergence in RSI confirms that wave 3 completion in 2020.
Majority believing in inflation are wrong, deflation and credit crunch is ahead.
-waiting for breaking 4H uptrend line.
-waiting for breaking 4H support zone.
-change of the pattern of the 4H uptrend .
-TP level will be the next support zone.
-for short trade with good R/R ratio.
-SL is very important.
XAUAUD 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.
This 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...
XAU 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...
I 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.
Hello 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.
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.
