Bump-and-Run Reversal BottomsXAUUSD is finishing up the Bump phase and about to break out of the downtrend to start the Run phase.
Cheers!
GOLD/EUR
XAUUSD/EURUSD - XAUEUR : Gold in Euro - Cours de l'or en euroGold is in an uptrend channel.
Targets for 2018 are: 1170€, 1240€ and 1360€
A MT , le gold est dans le canal bleu
Actuellement il est dans le bas de ce canal, il devrait donc repartir à la hausse.
Mais avant il reste peut-être encore un peu de potentiel de baisse (1.050€)
Par contre, la ligne de résistance verte actuelle "2" devrait être cassée par le haut sous peu ou juste après avoir fait la chu-chute à 1.050€
Après la cassure par le haut du triangle de consolidation, le cours devrait aller rejoindre la droite de résistance "1".
L'objectif CT est donc 1.170€/oz ou 37.600€/kg
Il faut également tenir compte du calendrier: la golden week chinoise se fera du 16 février au 26 février.
On pourrait donc avoir un sommet du cours avant ou après ces dates (mais pas pendant), dès lors l'objectif de 1170€ pourrait être décalé dans le temps ...
Conclusions:
a CT, 1.170€/oz entre la fin du premier et du second trimestre 2018?
a MT, des objectifs plus lointain pour 2018 sont également du domaine du possible: 1.360€/oz pour la fin de l'année???
Si cela devait se faire, l'or en euro retournerait alors à son sommet de 2013 vers 43.000€/kg! Mais d'ici là beaucoup de choses + ou - pour l'or peuvent survenir; ceci reste donc pour le moment une pure hypothèse.
XAUEUR SHORTING OPPORTUNITY - FREE MONEYA set up for completely free money. XAUEUR pair. Check it out see if it is a setup you would be interested.
Remember this is not a signal. It is a decision you have to make based on analysis.
Use good risk management.
Let's catch pips this week.
The past is your lesson. The present your engine. The future; your motivation.
Week Ahead #1: EURAUD Continu. Pattern and Other OpportunitiesEURAUD appears to have formed a nice weekly bull flag which should take price up to the monthly/quarterly .618 fib... Ideally a major high forms there, establishing a right shoulder within this large H&S pattern and then dropping hard.
For the full analysis check out my site, PatsTrades.com
Opportunities covered:
1) XAU/EUR
2) EUR/AUD
3) GBP/AUD
4) EUR/USD
5) CHF/JPY
Gold/Euro Continuation PatternMy favorite opportunity at the moment and has bumped another trade I really love, EUR/AUD, down to #2 on my list.
Price appears to be forming a tidy bear flag on the quarterly/monthly. A break to the downside out of this pattern could easily lead to a retest of the flag bottom at the very least and potentially even the 1980 low which sits right next to the fibonacci levels and monthly 200ma.
Check out the full analysis on my site @ patstrades.com!
Gold: a bounce before a larger move down?My gold index is evolving in a bear flag type of pattern which should resolve lower. although price currently hit the support line of its symetrical triangle which should provide a temporary bounce, I will be looking for short entries to target the 61.8% and 100% extension fibs.
XAUEUR LONG SET-UPHere is a set-up involving a strategy I have been testing The strategy is a mix of price, structure & cycles.
We should retrace back the 1170 area & from there we should close the gap. I believe EURO -0.39% is running low on fuel for the moment, it seems now it is time to retrace and possibly close the gap on EXY.
**You can zoom in on the chart & look into all the levels**
Thank you for viewing my chart!
Gold about to test 1260Gold is going up to test the middle of the channel, resistance & previous high.
I think it will get rejected and be forced to test the bottom of the channel.
From there, either a correction or a new high in short time
XAU/EUR weekly analysisAlthough this forecast might take months to be accomplished the pair is most likely to behave one of the following ways.
Either it goes down to the trendline of the pattern, consolidate and make a big move down.
Or it goes down to the trendline of the pattern, consolidate and make one last move up before going down.
I think we will have to come back to this chart in a year to see the outcome.
XAUEUR potential bullish cypher pattern on daily chartbuy @1022.11
This is also a nice alterntive for traders who are worried about USD strength as usually Gold suffers when USD gets strong. Not with this pair, at least to a less extent.
Long Gold Monday SetupLong Gold Monday Setup
Already Longed Gold at 1170 for a Longterm Trade.
Now a Quick Long for next week :)
Long Gold Bottomed Out now Retest of previous SupportLong Gold Bottomed Out now Retest of previous Support
