XAUEUR trade ideas
XAUEUR - LONG IDEEAThis is my short term idea for a long position on XAU EUR. If it hits first target I will let a runner for the second and third targets.
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 :)
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 )
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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..
XAUEUR short on daily chartXAUEUR short on daily chart
Stop Loss = 1636.15
Entry Order = 1587.15
TP1 = 1538.15
Two positions with the same stop loss and x1 target for the first position
The stop loss of the second position to breakeven when the first position hits the target1.
The second position has no target, only exit
Risk= 2% of account capital (1% each position)
SHORTThe price is in a bearish channel on the 4-hour chart. I want to wait for the price to return to the resistance zone to enter the short trade.
SHORTPrice is on a bullish channel on the weekly chart and is now touching resistance on the channel's bullish trend line. If the price returns to the resistance of 1607, I will enter shorts. I'm going to keep an eye on the value to see if it offers entry. All are odds.
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.
XAUEUR 1D | Market Outlook- Bearish continuation - Bearish price movement towards the next support 1559 and 1540 within the next period.
***Comment your thoughts down below! Regards, GoldfXcc Team
xaueur bounces from supportnew resistance at 1630 area and watch the price action if breaks upward will proceed to new history high 1730.
The XAU/EUR formed a good divegence on the weekly chart The XAU/EUR formed a good divegence on the weekly chart for short
I will enter short on the 4H chart
