XAUEUR trade ideas
Gold/Eur ShortOn the 15 min Chart there was clear head and shoulders, then we have Bear flag already in place on the 1h chart and 4h and daily have potential to form right shoulder which would lead to bigger downside.
Im looking for short position on XAUEUROn a weekly timeframe we had a bearish shark pattern however the price hasn't hit our TAKE PROFIT, there's a rising channel on a downtrend indicating a continuation downtrend.
XAU vs EUR Everyone just about beat me up because I see SELLS. Posting so you all can see what I see but of course let’s see how this one play out ! 😁
XAUEUR LongDue to technical analysis, using trend line on the 24hr time frame with confirmation from the 4 and 1 hr time frame, my though is Gold will pull back for a very short time before continuing it bullish Run forming another swing high. Buy Gold.
XAUEUR Personally I choose xau against Eur over xauusd haha. Here are my Next week views on what could happen. Waiting for verification. Anything could happen and gold could continue up. Otherwise I have a strong feeling this pair will come down, due to retracing, and respect of the “up trend” trend the weekly is forming
ENTRY OPPORTUNITY AT CHANNELI'm looking to place long position at green zone area (1520 - 1513) since we have a Significant Support & Resistance and it is very important key level as the price already made a clean break in that area previously. It would be nice if the price move in compression to the entry area.
UPDATE on XAUEURI am still waiting on more verification before I decide. doing a lot of playing around that price zone.
XAUEUR for shortsStill waiting on more verification before taking a entry. Lets see how this one go!
possible longprice has broken previous resistance which now turns support level
after the pullback I expect the price to continue rising
XAUEUR : I'm still convinced its bull timeI use trends, waves and fibonacci.
The MACD indicators help me better to decide when it is the right time to trade. Keeping in mind that in this business, loosing money is more probable than earning, being cautious and taking my time to make the trade is part of not loosing money.
i also use moving average to help with my decision : you will see the 200 MA which is on its way below the candles : yes i would have been wiser to wait it out a little more : ( im human and i took the leap )
The priority in my strategy is : to safeguard my investment.
My second priority is to earn.
You don t need to make a trade everyday, especially if you are not a full time trader.
Having said so , i might be completely wrong here, hence why i setup my stop loss.
What's your view ?
WILL XAU EUR start the rally up again soon? Very soon? that's what the chart is suggesting, what is your point of view?
Gold Buy Position.Gold approaches a support area with a possible great 5:1 P/L ratio, Although the price is still premature from the bias, we are looking for a sound consolidation to make a solid decision.
Gold in EUR under 1500 EUR mark.in next few days we will see Gold testing support levels and is expected to go under 1500 EUR per oz. mark. After is expected to go further inside positive trend channel.
FORECAST DIRECTION FOR XAUEURPrice in compression and have rejected few times in resistance 1633 (potential fakeout). Entry area at red zone since we have strong supply zone (Drop Base Drop) as well as Significant Support & Resistance. In addition, QML setup and Bearish Engulfing setup can be found in H4 Timeframe. Let's see the price action for this setup and keep tight the placement of stop loss.
