Looking at the possibility longs on XAUChfAfter considering the wave counts i am convinced we are in for a long rally on Xau-Chf , bugt for now we need the correction short to the Area of demand and supply
XAUCHF_BearishMetal is looking bearish against Swiss franc and based on the chart patterns we have open a short trade on it. Levels marked on the chart as well.
DYOR (Do your own research)
Bearish trend in XAUCHFA bearish trend is forming in XAUCHF pair in an hourly timeframe. There is no visible divergence and the current bearish trend is expected to continue creating new LHs and LLs. This is a good point for shorting.
Gold priced in swiss francFailed moves in one direction, often create violent moves in the opposite direction.
If gold can breakout versus the strongest of the major fiat currencies... oh boy!
#gold #swissfranc #xauchf
Gold priced in Swiss Franc.If gold breaks out versus the Swiss franc...
What do you think will happen to gold priced in the other, weaker fiat currencies?
Includes the US dollar.
#gold #swissfranc #usdollar #inflation #purchasingpower #silver #fintwit
Gold expressed in Swiss francSwiss Franc is historically the strongest currency.
If gold can outperform it, probabilities increase we are entering a precious metals bull era.
#gold #swiss #usdollar
XAUCHF 06/04/2023Monthly:
-Buyside liquidity resting above relative equal highs.
Weekly:
-FVG.
-S&D zone.
Daily:
-Bullish M pattern.
-IC.
4H:
-Bullish M pattern.
-OB.
XAUCHF - Long- Price arriving support zone and re-testing again support trend line
- Engulfing candle (trigger)
clear positionHi,
retracement come to 200sma and 0,618 fibo point. nice supply i think. can be some gartley or crab formation which i dont care.
4h rsi on bull side
daily macd works well. we have to see cross to enter trace.
1713 level is the key. when hits check the volume and candlestick forms.
cy.
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