GOLD/EUR
Gold/EUR - Cypher setup, pointing to Gold sell-off or EUR rally?Gold prices in the EUR terms or XAU/EUR daily chart shows a bullish Cypher set up. Prices are on the rise again, but the momentum appears to have weakened. Hence, prices may not take out Point C in the near-term.
Assuming the point C stays intact as resistance, I raise a question whether the cypher set up is pointing a sharp weakness in Gold (XAU/USD) or EUR/USD rally. In either case, Gold/EUR would head lower to point D on the chart.
Watch for a break below EUR 1180.38 (June 30 low) as such a move would signal a top has been made.
Leg D of the Cypher or the potential reversal zone stands at EUR 1022 levels.
XAUEUR 60 Bearish BAT & GARTLEY PATTERNS @ 1130 ZONE!Hi guys,
Here we have another advanced pattern trader's dream! 2 pattern in one chart completing within a 3 point zone!
First we have the BAT PATTERN which completes @ 1130.50 for a more conservative approach.
Then we have the GARTLEY PATTERN which completes @ 1127.50 for a more aggressive style.
Stops go as per usual above the X leg and targets will be the 38.2% and 61.8% retracements.
Thank you for your support.
Plan your trade... Trade your plan. Good Luck
GOLD/EURO - Test of weekly support & daily resistance.After a upward weekly impulse, XAU/EUR is correcting on daily. On hourly chart we can see an impulse upward as a fractal of the daily correction (correction of the correction). There are some fibonacci retracement levels on what could be the daily resistance. Any price action on this level would tell us the direction on medium term.
InsideMarket has already performed a succesful trade as you can verifiy at miud.in . For trade signals, please see contact below
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Trade record & statistics: miud.in
GOLD, More Upside to comeWe've seen a sharp rise from 1086.60 to 1264 followed by a formation of a pennant. Then we've seen a breakout of that pennant and a retracement to the apex of the pennant. If we project the flagpole of the pennant upward, we obtain a minimum measurable target of 1400 for gold. Our SL will be at the low that touched the pennant apex.