XAUEURK trade ideas
XAUEUR : I'm still convinced its bull timeI use trends, waves and fibonacci.
The MACD indicators help me better to decide when it is the right time to trade. Keeping in mind that in this business, loosing money is more probable than earning, being cautious and taking my time to make the trade is part of not loosing money.
i also use moving average to help with my decision : you will see the 200 MA which is on its way below the candles : yes i would have been wiser to wait it out a little more : ( im human and i took the leap )
The priority in my strategy is : to safeguard my investment.
My second priority is to earn.
You don t need to make a trade everyday, especially if you are not a full time trader.
Having said so , i might be completely wrong here, hence why i setup my stop loss.
What's your view ?
WILL XAU EUR start the rally up again soon? Very soon? that's what the chart is suggesting, what is your point of view?
Gold Buy Position.Gold approaches a support area with a possible great 5:1 P/L ratio, Although the price is still premature from the bias, we are looking for a sound consolidation to make a solid decision.
Gold in EUR under 1500 EUR mark.in next few days we will see Gold testing support levels and is expected to go under 1500 EUR per oz. mark. After is expected to go further inside positive trend channel.
FORECAST DIRECTION FOR XAUEURPrice in compression and have rejected few times in resistance 1633 (potential fakeout). Entry area at red zone since we have strong supply zone (Drop Base Drop) as well as Significant Support & Resistance. In addition, QML setup and Bearish Engulfing setup can be found in H4 Timeframe. Let's see the price action for this setup and keep tight the placement of stop loss.
#XAUEUR | A Potential Huge Movement For Next Week#XAUEUR | A Potential Huge Movement For Next Week
After a clear #Breakout of the previous key level now is time to wait for a #Re-Test and potential movement going long is going to be really profitable.
Looking into #Fundamentals the risk sentiment is looking uncertain due to #US_Elections.
Good luck,
26-30 gold eur predictionsPrice is slowly going on a downtrend
Expect a slow rally up or a big drop
Watching prev high low as a possible stop on sell
Trend lines drawn from lowest/highest wick(lighter) and close/open(darker)
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.
