Good time to buy XAU-EUR1. Bull started this time last year. Cycle repeat?
2. Low price rejection found.
3. Lower timeframe breakout.
RR > 4.
XAUEURG trade ideas
Gold Euro OutlookHello Traders!
Gold is in what seems may be a consolidation between the 2 parallel yellow trendlines . it is not complete so these were randomly drawn as to show what I believe price is doing. if I am right, there may be a trade to short Gold at likely a .618 of the 'A' leg in the parallel channels as i believe this small bull move is wave 'B', if short, we may catch wave 'C'. I want to make it clear, my chart setup is not a signal! I do not provide signals either! It is only an overall outlook of what may happen this week, I may short but my entries are always on 4hr or lower and usually better R/R than the 3/1 seen here.
The correction may form a Gartley pattern just like it may not, either way it is not a Gartley I will be trading but the correction itself. if price passes a .618 of the bullish impulse/XA leg of the Gartley , I will look to buy this pair with some fairly heavy contracts to catch the big Bullish Impulse to come on the weekly chart.
Hope this helped, show some love :)
Below is an image of the Weekly and another of the Monthly
XAUEUR Bullish Signals, Target to 1146On 4H chart of XAUEUR, price consolidated at 1080 level, then spiked to 1103 with 2 bold bullish candles, expecting strong trend next week together with the gold cross on MACD.
Besides, CD leg of bearish ABCD pattern will finish near 1246, concides with middle channel of pitchfork, crucial resistance to watch.
In short term trade, TPS can be set at 1105 and 1116.
XAUEUR Buy Set Up, Target to 1146On 4H chart of XAUEUR, price consolidated at 1080 level, then spiked to 1103 with 2 bold bullish candles, expecting strong trend next week together with the gold cross on MACD.
Besides, CD leg of bearish ABCD pattern will finish near 1246, concides with middle channel of pitchfork, crucial resistance to watch.
In short term trade, TPS can be set at 1105 and 1116.
LONG TERM FORECASTThis is my long-term view for XAUEUR.
There is high probabilty of 3 drive pattern in development.
As for now geometry of patern and fibs ratios are compliant therefore i expect another wave up very soon.
Price found support on weekly trendline.
Cross market ananlysis supports concept as price of XAUJPY and XAUUSD shows signs of continuation patterns.
Regards
XAUEUR SHORTING OPPORTUNITY - FREE MONEYA set up for completely free money. XAUEUR pair. Check it out see if it is a setup you would be interested.
Remember this is not a signal. It is a decision you have to make based on analysis.
Use good risk management.
Let's catch pips this week.
The past is your lesson. The present your engine. The future; your motivation.
To the skyEUR are absolutely overbought and must retrace very soon
XAU are driver by politics events and poor USA macroeconomics data
XAUEUR are absolutely ready to the sky
Long XAUEURPrice Seems to be at bottom of the channel, with some good volume coming in.
Note: was already long earlier this week @ 1091
XAUEUR: Show Me A Correction!Hello Everyone, I am looking at GoldEUR to make some sort of continuation pattern to confirm a short entry. Please do share your ideas in the comments. Watch this pair closely for the next impulse, trade it safely, trade with a plan, stick to your plan and you will stay in profit blue! Show some support :)
Gold: a bounce before a larger move down?My gold index is evolving in a bear flag type of pattern which should resolve lower. although price currently hit the support line of its symetrical triangle which should provide a temporary bounce, I will be looking for short entries to target the 61.8% and 100% extension fibs.
golden opportunity for banks of europei am pretty sure tons of physical gold has been transferred to europe banks during the fight of eurusd xauusd and dxy.
golden opportunity for european bankers / comes in once in 11 years...
coincidence? i think not.
Gold: A Different Point of ViewI haven't published many ideas on TV besides my occasional take on Bitcoin. At the beginning of the year, I decided to learn how to trade commodities though, so naturally I am observing the commodities markets much more closely these days.
Yesterday, when I was starring at the XAUUSD chart for the hundredths time wondering if the next big move will be to the upside or the downside, I decided to create a "Gold Index" in the hope that this would give me a different perspective on the market. Amazingly what emerged was this almost picture-perfect example of a H&S pattern that you can see in the chart above.
I am a little short on time right now, but will add more comments later on.
