Recommendation for XAU AUD: Buy
Buy Stop : Above 2700
Stop Loss : Below 2600
| Indicator | Value | Signal |
| RSI | Buy | |
| MACD | Neutral | |
| MA(200) | Neutral | |
| Fractals | Buy | |
| Parabolic SAR | Buy | |
| Bollinger Bands | Buy |
Chart Analysis
On the daily timeframe, XAUAUD: D1 exceeded the downtrend resistance line. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish move if XAUAUD rises above its last maximum: 2700-2710. This level can be used as an entry point. We can place a stop loss below the Parabolic signal and the lower Bollinger line: 2600. After opening a pending order, we can move the stop loss following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch the 4-hour chart and place a stop loss, moving it in the direction of the bias. If the price meets the stop loss (2600) without activating the order (2700), it is recommended to delete the order: some internal changes in the market have were not been taken into account.