What’s Flowing: XAU/AUD Bullish Momentum

4 déc.

Key Observations:

1. Support Levels Hold:

• XAU/AUD has established strong support near 46,800 AUD, forming a base for a potential rebound.

2. Trend Reversal Indications:

• Volume Profile Analysis indicates buyers stepping in around the Point of Control (POC), confirming accumulation in the lower range.

• A breakout above 47,637 AUD highlights bullish momentum gaining strength.

3. Bullish Targets:

• Short-term target: 48,253 AUD, aligning with the Value Area High (VAH).

• Extended target: 50,000 AUD, should momentum sustain.

4. News Flow Insights:

• Positive sentiment in gold markets due to global uncertainties and potential rate adjustments.

• Market talk highlights consistent buying, especially in regions with heightened demand like India and China.

5. Risk Management:

• Stop Loss: Below 46,800 AUD.

• Take Profit: Incrementally at resistance zones (48,253 AUD, 50,000 AUD).

Context:

XAU/AUD reflects a favorable environment for safe-haven assets amidst global market uncertainties. Gold’s bullish seasonal trend adds strength to the outlook.

This is an excellent opportunity for traders and investors seeking upside exposure. Stay tuned for updates!