GOLDGold at support. I am still more bearish in the medium term although in the short term it may get some impulse by the support.
XAUEURG trade ideas
INTRADAY XAUEUR (GOLDEURO)Detection Regular Divergence points A (1199.77) - C (1185.00)
and potentially sharks and cyhper pattern
Gold (EUR) potential Long Set up!Important: :-)
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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
WHAT THE HELL on goldNicea attack
Turkey
US policeman killings
....
weekend
Question is did weekend calmed everything and we play commercials short term short game or We gain momentum after channel breakout?
I see two important supports A, B and C - breakout support.
Am I wrong on this?
Gold/EUR - Cypher setup, pointing to Gold sell-off or EUR rally?Gold prices in the EUR terms or XAU/EUR daily chart shows a bullish Cypher set up. Prices are on the rise again, but the momentum appears to have weakened. Hence, prices may not take out Point C in the near-term.
Assuming the point C stays intact as resistance, I raise a question whether the cypher set up is pointing a sharp weakness in Gold (XAU/USD) or EUR/USD rally. In either case, Gold/EUR would head lower to point D on the chart.
Watch for a break below EUR 1180.38 (June 30 low) as such a move would signal a top has been made.
Leg D of the Cypher or the potential reversal zone stands at EUR 1022 levels.
XAUEUR LONGDue to the weaker economy the ECB has to make a bigger move on prices. I expect a larger QE to come till the end of the year. I expect a weaker EUR in general
In addition, a "brexit" would increase the interest in GOLD in the eurozone.
Gold (Euro) close to a long signal!We might see another spike up, which would represent a nice shorting possibility.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
GOLDI currentlu have a long position. I propose two possible scenarios asociated with either a triangle or a flag pattern.
GOLDI see an Harami pattern on important support. I just opened a long position. My stop loss is below 1080
