Strong drivers for gold now. USD is bullish, which will be a further tailwind roe gold in AUD terms.
Analysis: 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...
XAUAUD looking in bullish trend because making HH and HL
XAUUSD is making a bullish trend after the Accumulation phase.
XAUAAUD - Bullish rising wedge. Rising wedges can be bearish or bullish. Likely, long term trend consolidation, prior to next bullish breakout.
#XAUAUD #ShaneElliottWave #Shaneliot XAUAUD || 4H Chart analysis || Elliott main wave count || 13 Feb, 2023 (UTC+7) --- 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)
1 hour time frame testing analysis Horizontal line drawn diagonal line drawn
Testing Analysis Waiting For market to open 4 hour chart horizontal line drawn diagonal line drawn Rectangle boxes showing supply and demand zones
Cup 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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bearish flip underway pn XAUDAUD. 5-0 pattern and whyckoff
Here is another potential trade idea on XAUAUD if we get a confirmation signal.
We 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
Didnt wanna share but its become addictive to share my trades and my friend watching these closely so meh im in XAUUSD BUT XAUAUD SHOWING A NICE OPPORTUNITY SENNA SEASON
Expecting direct bearish move in XAUAUD to 2627.. touching a verified resistance zone. take profit in patial. Use your own analysis to confirm
XAUAUD - Bullish reversal within a larger Ascending broadening wedge.