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Aussie & Gold

May 14, 2024 - Gold in Aussie - all-time high and bull run!

Gold in Aussie

[Most Recent Quotes from www.kitco.com]
Bullish Objective A$ 4200
Resistance A$ 3380
Support A$ 2820
Bearish Objective na
Technical pattern All-time high!

AussieGold pf3
Short term candle
Chart comments
Aussiegold candle1
  • Feb 11, 2016: a DISTINCT, UNMISTAKABLE BREAKOUT (see PF)
  • Jan 5, 2017: bouncing UP the bottom of the trend channel.
  • Jan 5 - Mar 8, 2018: the trend is up
  • Jan 3 - Feb 5, 2019: ALL-TIME HIGH is broken!
  • Jan 3 - Feb 5, 2020: We have a fresh bull run. Note that Aussie-Gold is breaking through the TOP of its Trend Channel, which points towards accelerating the rise of the Gold price expressed in Aussies.
  • Dec 4 - Feb 5, 2021: NEW and steeper uptrend on the long candle.
  • Aug 11: Late Sunday night, during thinly traded hours, $4 billion worth of gold was dumped onto the market.
  • Jan. 1, 2023: We expect a multiple top breakout soon.
  • Mar. 24: All-Time High.
  • June 18 - July 19: We have a Triple Top breakout, and a Positive Backtest or GOLD will GO HIGHER!
  • Oct. 9: Buy the small correction and expect another "all-time high"!
  • Nov. 8 - Dec. 11 - Feb. 9 - Mar. 5, 2024: Buy the correction.
  • Mar. 12: Acceleration?
  • Apr. 5: All-time high.
  • May 15: correction and preparing for a new bull run.
Long term candle
AussieGold candle2

Australian Dollar vs. US Dollar - One Australian dollar is now worth less than one American Dollar, but forex markets pivot in favor of the Aussie (July 2018)

Aussie/US Dollar/Euro
[Most Recent Exchange Rate from www.kitco.com]
Bullish objective $ 0.99  € 1.00
Resistance $ 0.82   € 0.78
Support $ 0.70  € 0.66
Bearish objective $ 0.62  € 0.62
Technical Pattern SIDEWARD
SIDEWARD

XAD pf1
Short term candle Chart comment
XAD candle1
  • Feb 4, 2015: On Target and support of the Secular uptrend line
  • Jan 6, 2016: more bottom
  • Jan 5, 2017: BEAR TRAP is about to be confirmed.
  • Jan 5, 2018: The trend of Aussie versus Dollar is UP
  • Jan 3 - May 18, 2019: Critical Support level and SIDEWARD.
  • Jan 3 - Feb 5, 2020: We expect a LOWER Aussie.
  • Sep. 9 - Dec. 26: The short term is SIDEWARD.
  • Jan. 25 - July 14,  2022: Sideward to Bearish.
  • Sep. 11 - Oct. 15 - Nov. 25: Expect a WEAKER US-Dollar and STRONGER Aussie—Potential Trend Reversal.
  • Jan. 1 - Mar. 24, 2023: Trend Reversal—Expect the US Dollar to weaken against the Australian dollar.
  • Apr. 24 - June 18: OR NOT?
  • July 19 - Sep. 2: SIDEWARD
  • Oct. 10 - Nov. 8 - Dec. 11 - Feb. 9, 2024: Oversold. Potential bottom versus the US Dollar
  • May 14: SIDEWARD.
Long term candle
XAD candle2

Aussie versus the Euro

eXAD pf1
Short term candle
Chart Comment
eXAD candle1
  • Jan 6, 2016: bouncing off the long-term support. & BUY
  • Jan 5, 2017: upleg initiated
  • Jan 5, 2018: sideward trading zone.
  • Jan 3 - June 6, 2019: Critical Support level and SIDEWARD
  • Jan 3 - Feb 5, 2020: sideward
  • Jan. 25 - Feb. 8, 2022: Sideward to Bearish. Don't expect a currency managed by FULL IDIOTS to perform well. Australia is done!
  • July 14: Sidewards.
  • Oct. 15: OVERBOUGHT = expect a trend reversal...probably under pressure of a LOWER US dollar.
  • Nov. 25 - Jan. 1 - Mar. 24, 2023: expect a higher Aussie.
  • Apr. 24: - July 19 OR NOT!? Is this a STOP LOSS for the Aussie versus the Euro?
  • Oct. 10: Oversold and potential Bear Trap.
  • Nov. 8: Bullish Divergence. Support level and sidewards.
  • Dec. 11 - Feb. 9 - Mar. 12, 2024: ???
  • May 14: SIDEWARD.
Long term candle
eXAD candle2

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