TA: I am basing the idea based off the consolidation + rejection of the Q4 2025 levels as identified from the blue lines on the chart.
Gold surged 2.7% on Monday following the US military operation in Venezuela is a stong driver considering its just 1- 2 first working days of the year / Q1 laying a stung foundation to the Trade idea.
The green line projection you see on the chart is only of my Leading Indicators which works on cosine principles.
Trade Setup: If you are not already ITM
Entry Strategy:
Buy AUDCAD on dips toward 0.9150-0.9180 zone
Aggressive entries on any pullback to 0.9100
Targets:
TP1: 0.9350 (conservative)
TP2: 0.9500 (medium-term)
TP3: 0.9650+ (extended run if gold hits $5,000)
Stop Loss: i am on crazy 1:8 currently
Below 0.9050 (protecting against risk-off scenarios)
Risk Management:
Consider scaling in across multiple entries : layering
Catalysts : F Drivers
Jan 28: Australia Q4 CPI report (potential RBA hike)
Feb 3: RBA meeting (possible rate hike)
Gold continuing toward $5,000/oz targets
Chinese stimulus announcements
Bearish Risks:
Oil price spike (geopol escal)
Weaker-than-expected Australian inflation
Collapse in iron ore prices
Risk-off event favoring USD
Gold surged 2.7% on Monday following the US military operation in Venezuela is a stong driver considering its just 1- 2 first working days of the year / Q1 laying a stung foundation to the Trade idea.
The green line projection you see on the chart is only of my Leading Indicators which works on cosine principles.
Trade Setup: If you are not already ITM
Entry Strategy:
Buy AUDCAD on dips toward 0.9150-0.9180 zone
Aggressive entries on any pullback to 0.9100
Targets:
TP1: 0.9350 (conservative)
TP2: 0.9500 (medium-term)
TP3: 0.9650+ (extended run if gold hits $5,000)
Stop Loss: i am on crazy 1:8 currently
Below 0.9050 (protecting against risk-off scenarios)
Risk Management:
Consider scaling in across multiple entries : layering
Catalysts : F Drivers
Jan 28: Australia Q4 CPI report (potential RBA hike)
Feb 3: RBA meeting (possible rate hike)
Gold continuing toward $5,000/oz targets
Chinese stimulus announcements
Bearish Risks:
Oil price spike (geopol escal)
Weaker-than-expected Australian inflation
Collapse in iron ore prices
Risk-off event favoring USD
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.