long for AUDUSD

because of the turnaround of USD index, the price of gold experienced a slight decrease yesterday. but the lowest price of gold is still higher than the main support level, 0.236 on fib retracement. We still need to wait for the further information about US government and US economy. in a short term, the price of gold gonna be fluctuated between 1295 and 1288, we can buy or sell the product at the relative high or low level.&nbsp;

long for gold 

It has been several days that we expected an increase in the price of gold. Yesterday, because of the turnaround of USD index, the price of gold decreased from 1296 to 1280. As we can see, the main support is 1275, if the price cannot slip through this level, it gonna be a strong increasing trend.&nbsp;

Last Friday's US's non farm payrolls was released, and the data was far more better than expected, which caused a dramatic increase in US index. However, bowell's dovish remarks put extra pressure on the price of US dollars. And meanwhile, Chinese manufacture PMI was beter than expected, which provide the solid support for AUD. &nbsp;Thus, AUDUSD open the gate for further increase. Now, the main pressure point is 0.715, which was the highest level since 20th of December. If the price can go higher than 0.715, we can expect another increase. However, if the resistence is still valid, we can sell AUDUSD at the high level and set the stop loss at 0.707.

AUDUSD

As I discussed yesterday, AUDUSD experienced a slight increase on last trading peiod. Now the price of AUDusd reached relatively sensitive point, if the price of AUD can break the hurdle, we can expect a turnover of recent decrease trend. And if that happens, we can set a gain profit at around 0.710. But if the data released tonight better than expected, there will be an another downtrend, and 0.692 could be the support level.

AUDUSD 

On this Monday, AUDUSD witnessed a slight increase by 0.15% and remain fluactuated at the level of 0.7057. Although USD index still experienced the weakness and Chinese PMI falls short of the expectation, the tension &nbsp;between China and US has become better, which gonna give a strong support to AUD.&nbsp;
As i discussed on the last post, AUDUSD still gonna fluctuate at this level. Investors could set the stop loss at 0.703, and try to take the long position at the lowest point to get the largest profit. Also on this week, there are several important data relasing, we should also focus on these information to get a better understanding of the trend.

RBA still remains the same interest rate level at the very end of 2018 meeting just as expected. Also, based on their comments, they are happy with the current AUD prices. Considering &nbsp;AUSUSD's fair value 0.73, we belive in the future, AUDUSD will be fluctuated around this price.&nbsp;
Also, we can see that AUDUSD is in a down trend since the begining of this year, and it reached the lowest level on the september of 2015, so it seems like that in the future AUD still remain the fluctuation. And investors can buy and sell between 0.702 and 0.730

ThierryHenry

ThierryHenry

Dec 01 2020

long for AUDUSD

1

ThierryHenry

Dec 01 2020

long for gold

1

ThierryHenry

Dec 01 2020

long for gold

ThierryHenry

Dec 01 2020

AUDUSD

1

ThierryHenry

Dec 01 2020

AUDUSD

ThierryHenry

Dec 01 2020

AUDUSD

1

1

ThierryHenry

Dec 01 2020

AUDUSD