Gold Futures in Swiss FrancIf you look at gold in francs, it's not close to a breakout.
Gold looks like it's breaking out because we trade in dollars. I'm only entering the gold trade if the dollar index loses 100 support.
XAUCHF trade ideas
XAUCHF Long Swing PositionEntry: 2577.38
Stop Loss: 2522.34
Take Profit 1: 2634.42
Take Profit 2: 2702.39
Take Profit 3: 2770.02
xauchf elliott wavesThe count is very good. This Elliott wave structure has many good things going for it:
(Red = Intermediate) Waves (1) to (5) and (2) to (4) perfectly connect on a very precise parallel channel trendline(s).
The subwaves are all there.
Wave (5) seemingly ends in an ending diagonal triangle (EDT).
The “proof” of the ending triangle is that prices collapsed to beyond the starting point of the EDT. That occurred today.
Corrective waves (2) and (4) alternate in form. Flat vs. zigzag. This is a good EW structure trait.
Peak RSI on the medium and long-term charts is where we expect it to be; at the subwave 3 of 3 or wave 3 in general with declining RSI strength as the wave structure advances to peak.
Prices bounced perfectly at the long term lower trendline. This could be the wave 1 down low. We shall see if a significant bounce occurs. It would be the logical spot.
Additionally, prices reached a significant horizontal support line. A logical bounce spot.
XAU/CHF | Down Retest High chance but continue Bullish channel?🔥 XAU/CHF Price Forecast – Bullish Channel Holding Strong!
The XAU/CHF pair remains in a bullish trend, with price action respecting the bullish channel after completing a key retest of support levels. This signals a potential continuation of the uptrend, offering a high-probability trading opportunity.
📌 Market Structure & Technical Setup:
✅ Pattern Formation: A Symmetrical Triangle was previously observed, but the market has now transitioned into a bullish channel.
✅ Retest Confirmed: Price successfully tested the 2,624 – 2,612 support zone, reinforcing bullish momentum.
✅ EMA 50 Support: The market remains above the 50 EMA, which is acting as a dynamic support level, strengthening the upside outlook.
🎯 Key Price Levels & Target Zones:
📈 Entry Zone: 2,624 – 2,612
1st Target : 2,642
2nd Target : 2,667
3rd Target : 2,700
⚠ Risk Management & Trading Plan:
🔹 Stop Loss Strategy: Always maintain a disciplined stop loss to manage risk effectively.
🔹 Breakout Confirmation: Watch for a strong candle close above 2,642 for further bullish confirmation.
🔹 Momentum Check: Increased buying volume and price action signals will be key to sustaining the uptrend.
📢 Stay Ahead of the Market!
💡 Like, Comment & Follow for real-time market insights, expert trade setups, and profitable trading strategies!
Gold- XAUCHFTraders.
I'm looking at an intraday long setup of XAU/CHF.
So far so good. Let's see how it plays out.
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.
INGCHF/BUY POSITIONHi guys
As you can see ,The price is in a descending channel, and in the third meeting with the ceiling of the channel , which we marked with a circle, it breaks the channel and is expected to rise firs to the middle and them to the ceiling of the next channel.
Be sure to comment your opinion.
good luck
long ING/CHFHello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me.
xauchf still wait long possition because price is near to monthly pitchfork nice support zone!!! if support come slowly and ranged pattern we can long possition
XAUCHF LONGThe fifth wave ends, because the third wave is extended, so there is a high probability that the fifth wave will not be extended, so you can buy.
First target position 1687
XAUCHF LONGThe fifth wave ends, because the third wave is extended, so there is a high probability that the fifth wave will not be extended, so you can buy.
XAUCHF LONGThe fifth wave ends, because the third wave is extended, so there is a high probability that the fifth wave will not be extended, so you can buy.
XAUCHF Long XAU CHF has a Bullish Engulf pattern on 1h chart at the end of bearish trend.
#week03assignment #Zeeshan
