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Bullish Signs for Gold

expertmarss Posted 15 Apr. as Analysis on XAU/USD, Target: 1404.48, Date: 1st of June, 12:00 GMT  in #Technical analysis #XAU/USD #Triangle Pattern #Cup And Handle
Xau/Usd is showing very solid bullish patterns on the daily and weekly charts . On the daily chart as shown above we can see a perfect triangle pattern at the highs which indicates that there is accumulation at these levels. A break and close above 1355 could lead to a nice rally . Further chart no.2 which is the weekly chart shows a cup and handle pattern which is another extremely bullish formation and should lead to a strong rally .The target for June 1 is therefore 1404.48 . I will post upda…
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AUS.IDX/AUD | FURTHER UPMOVE EXPECTED

killer195175 Posted 13 Nov. as Analysis on AUS.IDX/AUD, Target: 6200, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Aus IDX/AUD #Pattern Analysis #Cup And Handle
Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
AUS.IDX/AUD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is headed South.
From the weekly chart, it looks like there is more potential to the upside. As the pair has closed a weekly candle above cup and handle resistance I am expecting it to rise further.
AUS.IDX/AUD Daily Chart
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4 Comments
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killer195175 9 Dec.

UPDATE-1
The pair ended the week at 6014.068 just 15 points lower than the falling trendline resistance. If the pair manages to give a closing on the daily chart above this falling trendline then we can expect our targets of 6200 levels very easily. I expect the pair to struggle to cross this trendline on the upside. But the indicators look very good and promising for the probability of the break on the upside.

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killer195175 15 Dec.

UPDATE-2
Today the price has closed above the falling trendline second time. the previous was a false break. This time let us see if the buyers are able to keep the price going up or not. The MACD is looking beautiful to support the rally ahead.

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killer195175 18 Dec.

UPDATE-3
As we had expected the price rallied and broke the highs. At the time of writing this comment, the price was 6067.18. I expect the price to reach near 6200 next week.

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killer195175 24 Dec.

UPDATE-4
The pair made a high of 6087 this week and settled the week at 6071 levels. A further rise is expected in the pair as all the indicators are lined up towards North and the pair has broken the falling trendline and closed the week above it.

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