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XAUEUR trade ideas

XAU-EUR 6/10/2020Hello guys, welcome to this analysis on XAU-EUR. As you can see on the chart it appears like Gold has made a distribution pattern since April that got confirmed by a high volume markdown below 1523 last week. The round arching formations above the 1520 level are usually an indication of weakness and distribution. This can be confirmed by the bearish divergence and series of lower highs and lower lows on the volume and cash flow indicators as well. Currently, price is retesting the 1520 ish zone of previous support which should act as resistant now. It can be a good entry for a short trade with a target of around 1430. This trade idea has 3 risk to reward ratio. Good luck trading :)
OANDA:XAUEURShort
by Trader_Shayan
3
XAUEUR POTENTIAL OLHC STRUCTURE FOR THE MONTH OF JUNE 2020Please support this idea with LIKE if you find it useful.. *HIGH Probability Trade* OLHC IN DAILY FOR THE MONTH OHLC IN THE MONTHLY FOR THE YEAR ( will post analysis for this month end ) *********************************************** XAUEUR JUNE MONTHLY STRUCTURE OLHC (POSSIBLE BULLISH MARKET) In the Daily timeframe Price is currently lower than the open confirming OLHC possible structure and also there's a Bullish divergence starting from the 1st of April 2020 to current price. Priceline is also diverged. A strong Buy signal will be the cross of priceline above bloodline and also for the daily candle to close bullish. If it plays out exactly as explained kindly follow these steps in executing a PERFECT BUY ENTRY . In a Hour 4 Timeframe patiently wait for 'OL' and take trades in lower timeframe. OANDA:XAUEUR PATIENCE..
OANDA:XAUEURLong
by PeanutButter
1
GOLD/EUR Bearish reversal The market was in a previous uptrend in recent weeks, but more recently, the market has been slowing down in it's bullish momentum. It is observed that after the recent swing High and swing Low, (which broke uptrend structure) the market went in an area of Lower High where around and important fib level in which we would seek to sell. I entered at the close of the bearish engulfing pattern and placed stop above it. My Take profit is at an area of likely support where the fib extension is.
OANDA:XAUEURShort
by DAFOREXSUMNDEH