XAUEURG trade ideas
XAUEUR _ XAUUSD Weeks ahead uptrend to touch our resistance.Hey traders,
Awesome weeks ahead if everything falls into place, Gold is a great commodity to trade, although it is risky it is a fast and easily learning step. You do not have to trade with it but the benefits of education on trading is easy to understand with this Pair.
Basic understanding of resistance and support. Might i add, trading is not always drawing up lines and inputting indicators. No no no, haha i wish. News and learning about supply and demand is also a great step in the right direction.
Gold closing this week end high and following through an uptrend. Long inter-day trades for buys sounds like a great idea let me know.
Stay safe and safe trading.
Remember just my opinion. :)
XAUEUR - USDDear traders,
Just to add XAUEUR and XAUUSD and almost any XAU___ is the same *ALMOST* not 100% but patterns are definitely worth watching altogether and can potential help things from a different perspective each time.
Take a look at my previous ideas and it will show how similar these charts are. Thank you x
Have a great day and the following.
Remember - just my opinion. Safe trading.
Gold will soon movef on to another upward trend .What s your take
I trade waves, trends, Fibonacci and look for more securoty when doing my moves through other Indicators,
Good luck!
What happened to the GOLD BullsPrice Action for both XAUUSD & XAUEUR hasn't shown any interest in creating a retracement to test the previous support levels turned resistance. Bulls are currently defending the last levels of support for the two. Breach of these zones will open up further losses. In the CFTC report, XAUUSD has had close to 20k long positions closed. This implies that hedge funds are adjusting their exposure to gold hence further losses are possible.
XAUEUR ASSUMPTIONGold continues bearish momentum by breaking previous Support @ 1622 after a very long sideways market. If the price retrace back to the breakout point, we can try to find short entry with minimal risk.
XAUEUR 1:21 IDEASniped on the liquidity grab + imbalance, looking for a 1:20 assuming price will return back to 1650 level! #snipeordie
Sell xauusd Three drivers pattern has form, sell at retracement, long term trade, small lot can yield nice profit in time
GOLD (XAUEUR) Breaking the high >95%Experimental Probability of breaking today's high (28/07/2020) is > 94%
Discount zones highlighted on the chart to break the high
Note: If price broke the high then discount zones are invalid
Break Of Key Level XAUEUR, we have a bearish hidden divergence formation, and also a break of a structure and a clear rejection of the TL, it’s a 500 Pips move, catch it if you can, FYI that’s a daily chart, go lower the catch a good entry.
I will wait for the daily candle to close for more confirmations.
XAUEUR sellsTechnicals:
H4 bearish gartley
H4 head and shoulders pattern
Possible downside breakout to uptrend
This trade offers a decent 1:6 RR
Pointers against this trade
- XAUEUR is on a D1 uptrend, bulls may push prices higher
- A global risk off may lead to buying of gold which may drive XAUEUR prices up
- With these 2 factors in mind, this is not the most perfect set-up - I would advise halving your risk if your are entering this trade
