XAUEURG trade ideas
XAU/EUR weekly analysisAlthough this forecast might take months to be accomplished the pair is most likely to behave one of the following ways.
Either it goes down to the trendline of the pattern, consolidate and make a big move down.
Or it goes down to the trendline of the pattern, consolidate and make one last move up before going down.
I think we will have to come back to this chart in a year to see the outcome.
11-Feb-2017 Forecast Elliott Wave and Regression TL to XAUEUR11-Feb-2017 Forecast Elliott Wave and Regression TL to XAUEUR
XAUEUR SELL IDEA gold euro is looking like its setting up to sell beggining this week! some people may look at this price action as a classic head and shoulders, also a valid view point, to me its an impulse follwed by a correction giving a good sell indication. fif it hasnt gapped already by market open, we can look to sell, if it has gapped, itd be a good idea to wait for some sort of retracement or close of gap. and then wait for a good sell indication to enter as sell. no jumping in candles.
Trend ContinuationGold has been in a bull trend because the market uncertainty " the Brexit and Trump". I m long in a pullback of the trend ( ABCD pattern), but I m going to close the trade before the new about the Interest Rate from the Euro.
GOLDGold has bounced from support as expected. I see three clear price ranges that will drive my trading for next weeks.
GOLDGold is rebounding from support and RSI is developing in a bullish manner. I expect more upside movement in the next days possibly up to the 200 day MA.
