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GOLD / EURO KILOGOLD / EURO KILOGOLD / EURO KILO

GOLD / EURO KILO

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XAUEURK trade ideas

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.
FX_IDC:XAUEUR
by TipTVFinance
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.
FX_IDC:XAUEURLong
by Phenlx