GOLD/EUR
Long term investments - 2019: BUY XAUEURLong term investments - 2019:
This is a first post on long term investment for 2019. Others will follow.
Every serious investor establishes a solid money management with a balanced risk factor.
Investing 100% of your savings in forex or crypto currency is like make a blind all in at poker.
So a key factor is to choose which asset allocation suites better for you and to found low risk investments on long term.
This investment and assets suits my needs.
My first choice is XAUEUR because:
1- Global Risk Index is higher then 2018 and 2017 (ref. europa.eu ):
GOLD UP because investors typically look at gold as a safe haven during times of political and economic uncertainty.
2- Why buy XAUEUR and not XAUUSD. Gold is always exchanged in USD so XAUEUR is a cross: why is better buy XAUEUR than XAUUSD?
US ecominic politics push for a strong US dollar: EURUSD DOWN. Actually (this week) EURUSD is retracing up to a resistance level near 1.1500, but then it will probably go back to 1.1200 so its a good time to buy XAUEUR because, when USD will be stronger again, XAUEUR will go up very quickly.
3- Price found a strong resistance (green line) in 2017 and 2018 (yellow circles): now this resistance line is broken and will work as support while next resistance level is far higher.
GOLD LONG SETUP 2R - MS Break on 4H4h chart suggests upside momentum next week imo. Broke market structure + closed above the 50 EMA. It was unable to create a LL after the low at $1453.
Besides that, USDX (DXY) has swept a daily high with a violent rejection. This tells me that price wants to go reverse (short term)
GOLD: This is the craziest chart on Tradingview!5 currencies compared against GOLD.
I say no more. Watch the video - and if you disagree, say so and why with some evidence!
XAUEUR: a symmetrical triangle at H4sell at current price
if price breaks to the upside, sell at correction in lower time frame.
XAUUSD (GOLD) LONG - INTRA DAYAnalysis team placed long on XAUUSD (GOLD) @1456 with 2 intra day targets on 26th November, 2019:
TP1 @1459
TP2 @1462
Gold Institutional Flows A good time to update the Gold chart ahead of FED/ECB combo.
Let's start by reviewing the macro and understanding how we got to where we are now. The entire Macro move from 1205 begun with this breakout which we traded live last year:
This breakout was the earliest warning sign of the change in chapters for the economic cycle, it was early hints for those sharp enough to realise what was cooking. This was the beginning of the end in the large triangle which was also mapped clearly:
A flawless zig-zag breakout forcing bears to capitulate. This triangle ended with the D & E legs, both of which we also traded and added live positions too on both sides:
Followed by the momentum breakout which we also traded in CNY terms as well as USD:
The final fumes we are trading with this impulsive leg we are currently in will last all the way till 1595.xx, this is the completion of the first targets in the sequence via the coordinated CB action.
For those tracking this chart a quick reminder:
A textbook case of impulsive and retrace swings with both sides playable. We have been making a killing in Gold and with a "People vs Establishment" narrative picking up pace across the globe this is the perfect ingredient to add to the mix. Here expecting Buckingham Palace to play a major role in the next risk-off domino.
Best of luck those positioning for the next cycle in Gold which will come via Fed, while risk will control the inside swings. Thanks for keeping the likes and comments coming, I am blown away by the positive feedback.
Gold: Wkly long setupAs markets continue to see headlines about delayed negotiations for the China and U.S. tariffs, gold continues to be stuck in what seems to be a longer term daily bull flag-- declining channel-- making well enough defined lower-highs and lower-lows. My downside target this week for gold is 1448, where I expected gold to react off of the previous resistance now current support. This would result in a double bottom forming at the 3rd lower-low in the downward structural channel starting at the beginning of September. We can look for long entries at the key level of 1448, and look to take profit at the upper descending channel/ trend-line.
If 1448 doesn't hold on the 4-hrly time frame, my next downside target is 1400 which is a key level just above the 200 day MA. I think December will be an interesting month for Gold because of how the transition of the U.S> and China trade policy as well as the fact that the European auto sector is of focus for the Trump administration. There are alot of things that need to develop this year and regardless of seasonality and holiday I think it will be fairly active in terms of risk-on vs risk-off.
XAU/EUR Bullish PatternGold / EUR pair has been consolidating and trading inside a falling wedge channel for several days. This falling wedge pattern usually is a bullish pattern so I expect a breakout soon.
XAUUSD SHORT - INTRA DAYAnalysis team placed short on XAUUSD @1468 with the intra day target @1465 on 19th November, 2019:
XAUUSD (GOLD) LONG - INTRA DAYAnalysis team placed long on XAUUSD (GOLD) @1490.90 with 2 intra day targets on 23rd October, 2019:
TP1 @1497.31
TP2 @1503.93
XAUUSD LONG - INTRA DAYAnalysis team placed long on XAUUSD @1482.90 with 2 intra day targets on 2nd October, 2019:
TP1 @1489.64
TP2 @1505.42
Gold in MomentumAt the end of the last month, Gold broke the level that it held during the majority of September. It's possible that it may continue down for another level or two before consolidating up until Brexit, which I'm expecting another major move on XAUUSD, XAUEUR, and all Euro & GBP pairs.
#Gold #XAU/EUR - GOLDEN CROSS approaching (long-term analysis)A very rare extremely bullish signal on the 1M chart of #Gold - a GOLDEN CROSS (50/100 MA) is approaching on Gold/EUR chart which will cross beginning or mid Sep 2019.
(Note: On the USD chart the cross will occur approximately 1/2 year later)
This is one of the biggest bullish signals and which can indicate an extended bull market for the next 10 years!
However, nothing goes up in straight lines. There will be pullbacks which you can use as investment opportunities.
I´m not a financial advisor. For educational purpose only!
#Gold/EUR #XAUEUR - short / intermediate term analysisGold has broken out of its resistance trend line (yellow doted line) which will soon be tested as new support.
On H4 TF there is bearish momentum on StochRSI and wave trend oscillator which will bring the price down again to the yellow doted line.
Bullish momentum on 1D TF has built up (see StochRSI, and bullish crosses on wave trend oscillator and MACD) which should be strong enough to bring Gold to new highs soon in the short-term (yellow arrow). Note that we are near the distribution zone which is between €1300 - 1387!
Day traders can wait for bullish momentum on H1 & H4 TF and set their entry near the yellow line for a long.
Swing traders which should have already bought gold can set their TP1 slightly below the distribution zone (~ €1295), and TP2 inside the distribution zone.
In a few week short opportunities will arise on higher time frames (1D, 1W chart).
Sentiment is also already approaching risky levels for gold investors.
However, looong-term I´m very bullish due to the 50/100 MA golden cross on the 1M chart which will come in Sep 2019!
I´m not a financial advisor. For educational purpose only!
#Gold/EUR #XAUEUR - intermediate/long term analysisDue to fundamental reasons (trade tariffs, sudden currency devaluation of the Yuan and stock market crash) impulse wave 5 of Gold has broken through the blue doted resistance trend-line and is near its ATH (Gold/EUR chart).
However, there are 3 other strong resistance lines:
- dashed violet resistance trend line (currently around €1360.-)
- horizontal ATH resistance line (~ €1387.-)
- bold violet resistance line (currently around €1424.-)
According 1D, 1W and 1M momentum indicators it looks like Gold is losing its bullish momentum, also RSI and MFI are very overbought on all time frames.
(also short-term H4 and 1D at the moment o writing)
Therefore, I think Gold will be too week to break through the dashed violet line (~ €1360).
Also on the USD chart Gold is fighting with a resistance trend line.
Therefore, I think a good short opportunity will arise soon (as soon as stocks go up again) ;-)
Furthermore, I have found a “Hanging Man” in the Gold/Silver ratio chart (@1W TF) which is a bearish reversal signal.
This means that Gold is losing strength compared silver regardless of FIAT currency manipulations and currency wars.
This is a long-term signal and a perfect swing trade opportunity to exchange Gold into Silver. But unfortunately silver is taxed whereas Gold is tax-free in my country.
Keep in mind that technical analysis cannot predict exogenous risks.
This means when for some fundamental reasons there is a fire sale in stocks markets, then Gold and Silver will rally because these are safe-heaven assets with negative-Beta correlation!
Also when Gold is losing strength compared to Silver it can still go higher in terms of FIAT valuation / fake currency.
(in a very bullish scenario Gold may hit Fib extension 0.272 which is at €1446! )
I will start to buy PHYSICAL Gold again when it comes near the accumulation zone between €1213 - €1115 in the end of this year or during 2020.
In an economic collapse wealth cannot be stored on fake assets. Keep in mind that China and Russia has quadrupled their Gold reserves since 2009!
Be patient and do not FOMO. Emotions are a money killer!
I´m not a financial adviser. For educational purpose only!
