XAUEURG trade ideas
XAUEUR PRICE ACTION PREDICTIONLooking at market structure, this is my forecast for XAUEUR for the upcoming days/weeks. please comment your thoughts on where you think price is headed
XAUEUR: a symmetrical triangle at H4sell at current price
if price breaks to the upside, sell at correction in lower time frame.
XAU/EUR Bullish PatternGold / EUR pair has been consolidating and trading inside a falling wedge channel for several days. This falling wedge pattern usually is a bullish pattern so I expect a breakout soon.
XAU EUR, buy at 1327.619XAU EUR just broke out wait for retest on that 15 minutes then enter a buy on 1327.619. this is the scalpers strategy and intraday move
GOLD/EUR Showing A Bullish Falling Wedge** This is a long term analysis**
GOLD/EUR Showing a bullish falling wedge on the 1D chart.
Waiting for price action to confirm the bullish falling wedge.
Focus Time Frame: 4h/1D
Market Condition
1D Short Term: Downtrend
1D Long Term: Uptrend
Falling Wedge FormingPrice is trading within a falling wedge pattern which has a 5 wave structure as illustrated. We can also see RSI divergence which may signal exhaustion of bears. We might see a correction wave to the triangle highs. Price might also find support/false break at the 100ema like it did back on April 17. A candlestick formation is vital to attempt a long position. Don't jump in front of the speeding train.
Whats next up for Gold?Is it another bullflag?
Worst case it can drop back to 1350 usd, but within 5 years gold most probably will be at least 5000 dollar because of all the debts and financial trouble in the world.
FOREX - GOLDEUR 4HGold-Euro; breakout looks will to the short run. H&S, 'Bearish' butterfly pattern's D leg's and waves are considerable. I think new bullish trend should begin. Break a leg!
Another flag for wave 5th on goldSeing the flag on the current wave, we could say bull trend is not finished on gold. A last wave 5th could break resistance shortly.
XAUEURGold / Euro has recently hitthe resistance for expanding triangle, which is also the supply zone. So My prediction is that of a drop headed down to the Quasimodo Level.
