OANDA:XAUEUR has greatly improved its appearance relative to the chart of $OANDA:XAUUSD. See the weekly charts of both: 1 W € 1 W $ We will now comment on the charts OANDA:XAUEUR : OANDA:XAUEUR has reached a market top in the very short term but we think that before the end of the year it will reach new all-time highs with free upside , a...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck. If Gold is falling against EUR which suggests that investors are shifting their sentiment to the fiat currency/equities (for faster and better rr) rather than safe haven assets...
Market broke support and 20 ema is trending down. Therefore, we look to go short.
Hello guys, welcome to this analysis on XAU-EUR. As you can see on the chart it appears like Gold has made a distribution pattern since April that got confirmed by a high volume markdown below 1523 last week. The round arching formations above the 1520 level are usually an indication of weakness and distribution. This can be confirmed by the bearish divergence...
In the XAU/EUR chart above we can see the price making a corrective structure. I'm waiting for the price to retest the confluence level to go short. This pullback is in line with pullback I'm expecting on XAUUSD to go short as well.
we have just found that XAUEUR Hitted Major Resistance of 1 Hour After a long Time, We are Hoping to approach our 2nd Target aka Max Wave 3 otherwise First Target which is Inter Tyw3 Respectively.
Made a video idea as well and explain a lot more, check it out and let me know your thoughts. MR.WIZARD
This is going to take a long time to see if I was right or not but its going to be fun looking back at this in a few years, if the world as we know it continues of course.