Hello everyone,
As you might know, AUD prices reflects itself for Gold prices. Let take a look above to the chart, I've figured out that we are in Wave 1 of the five-chain Impulsive Waves. When the GOLD now has some corrective wave, soon or not it will reach its peak at 1350 zone in which I have predicted since last month. So in correspondence, AUD price is possibly increasing to 0.7166 zone as in Wave 2.
Now let's see what we've got from RSI indicator. I've shown in the chart that we have hidden divergence. What does it mean? Its meaning is to notify that current trend which is down trend will be continuing. Also I strongly believe that it may break out the current bottom at 0.709x then plunging to 0.6990.
That's all for today analysis.
Happy trading, guys!!!
As you might know, AUD prices reflects itself for Gold prices. Let take a look above to the chart, I've figured out that we are in Wave 1 of the five-chain Impulsive Waves. When the GOLD now has some corrective wave, soon or not it will reach its peak at 1350 zone in which I have predicted since last month. So in correspondence, AUD price is possibly increasing to 0.7166 zone as in Wave 2.
Now let's see what we've got from RSI indicator. I've shown in the chart that we have hidden divergence. What does it mean? Its meaning is to notify that current trend which is down trend will be continuing. Also I strongly believe that it may break out the current bottom at 0.709x then plunging to 0.6990.
That's all for today analysis.
Happy trading, guys!!!