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
Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
AUS.IDX/AUD Weekly Chart
AUS.IDX/AUD Daily Chart
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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.
AUS.IDX/AUD Daily Chart
[list][/list]…