XAUEUR trade ideas
XAUEUR : Diamond acting as continuation patternI see an onfolding DIAMOND (half staff figure as continuation pattern) on the XAUUSD trade. The breakout move is equal to the entering move of the DIAMOND pattern. After the breakout has been accomplished (green arrow), a retest of the breakout level should be expected (annulation of the previous breakout).
Have a safe trade!
Trading Mickette from Germany
GOLDEURO provides better buying opportunity than xauusd?EUR has risen a lot for 2 weeks while DXY has weaken dramatically
XAUEUR 2310 BULL PATTERN?!?!Hello Traders,
It seems to me that XAUEUR, has a pattern on 2310-2315 days it has a bullish movement.
Trade Safe
XAUEUR Short1- Need a reversal movement to create market structure and to touch the trend line
2- Wait an acumulation on the monthly resistence and use candlestick pattern to short trade
3- Target on 61% Fibonacci
Gold asserting strong uptrendGold in Euro up strongly after prev weeks of breakout. A signal that equities are in danger triggered by prolonged supply chain disruption due to Covid-19. Governments around the world have already announced commitment to support local industries affected. Never done before actual damage was assessed, meaning that the impact to economies will be fairly large. Estimated duration of 2 quarters. Trading volumes steady, suggesting continued buying.
GOLD in EUR / short term short and long term longIt's hard to predict when you are on all time high marks. Gold is in bullish trend and it will probably also continue whole year. I see outbreak of regression channel as it was in 2011 and we can expect similar reaction as it was in 2011.
Next move for Gold€Possible break of the wedge today or during weekend, target 1460.
Not trading advice
XAUEUR Long (Swing, daytrade and scalp)Initial retrace complete. Gold ranging reached a new higher bottom in the stable climb. Now is a good time for a long for a day trade/scalp. No retrace due so a good Long haul entry too.
#Gold/EUR #XAUEUR - intermediate/long term (bullish scenario)Due to fundamental reasons (Iran conflict, trade tariffs and currency #wars) there is a strong demand for #safe-haven #assets like #Gold, #Silver and #Bitcoin.
If the wave count in the chart is correct Gold has started a new impulse wave (wave 5) which has reached a new ATH on the EUR chart yesterday on January 5th 2020.
On Dec 23th the Wave Trend oscillator has crossed bullish on the weekly time frame which indicated a good buying opportunity for an intermediate swing trade position.
Currently GOLD/EUR has formed a double top with momentum dissipation on the daily time frame. However, there is still strong bullish momentum on the weekly TF!
If this bullish scenario plays out, impulse wave 5 may reach a new ATH of €1570-1600 in coming months!
After this a A-B-C correction will follow which may finish in late 2020 or in 2021 (hopefully this will be a good buying opportunity for long-term investors).
Be patient and do not FOMO. Let the price come to you!
I´m not a financial adviser. For educational purpose only!
XAUEUR H4 - Short Term- We have identified a potential H&S.
- Possible pattern continuation with target 1415
Regards, GoldfXcc Team
