XAUEURK trade ideas
GOLD (Prj.Y19.P2.E4).Macro.Bullish signsThe price is holding up at a main fib. level and in a downward wedge formation.
Observations:
> Upward Trend is intacted
> 21 EMA on the Weekly acting as support
> RSI and Stoch indicating Hidden Bullish Divergence
> Previous resistance of 2012 can act as support or is trying to
> Media\News: Gold is being sort out for risk management due to the fiat concerns, central banks are buying up gold, etc
3D Chart
XAUEUR shortPrice currently at resistance and showing signs of rejection at the top of ranging market
Long term investments - 2019: BUY XAUEURLong term investments - 2019:
This is a first post on long term investment for 2019. Others will follow.
Every serious investor establishes a solid money management with a balanced risk factor.
Investing 100% of your savings in forex or crypto currency is like make a blind all in at poker.
So a key factor is to choose which asset allocation suites better for you and to found low risk investments on long term.
This investment and assets suits my needs.
My first choice is XAUEUR because:
1- Global Risk Index is higher then 2018 and 2017 (ref. europa.eu ):
GOLD UP because investors typically look at gold as a safe haven during times of political and economic uncertainty.
2- Why buy XAUEUR and not XAUUSD. Gold is always exchanged in USD so XAUEUR is a cross: why is better buy XAUEUR than XAUUSD?
US ecominic politics push for a strong US dollar: EURUSD DOWN. Actually (this week) EURUSD is retracing up to a resistance level near 1.1500, but then it will probably go back to 1.1200 so its a good time to buy XAUEUR because, when USD will be stronger again, XAUEUR will go up very quickly.
3- Price found a strong resistance (green line) in 2017 and 2018 (yellow circles): now this resistance line is broken and will work as support while next resistance level is far higher.
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.
