XAUEUR ,has approached a resistance area at 1798.i believe price will sell of towards 1767. The EUR was abit weak today but as we approach NFP tomorrow ,am hoping to see sells.
Morning Folks.
I have a long trade idea here on XAUEUR. 4H bearish structure has shifted to bullish. I'm expecting price to retrace back to the demand zone (also support) at 1749.42 which is the August 2020 high. I'll be looking for confirmation before going long. A shift in momentum will be enough to justify an entry with stops around 1745.37.
I'll be watching...
Considering the support of moving 200 that we have in the daily time and the upward divergence that we expect at the floor, we expect gold to rise. Of course, the gold chart is analyzed based on the euro.
XAU EUR is working according to Dow's theory. it is making LH and LL simultaneously and showing a bearish trend on the chart. We will split our Risk in 2 orders. 1st order will have a 1% Risk along with a 1% reward and 2nd order will have a 1% Risk along with 2% Profit.
Sell XAU EUR when the price is below this point 1753. 576
Stop Loss: 1759.961
Take Profit 1:...
XAUEUR, the gold-to-euro currency pair, has recently shown signs of a potential bullish breakout. After testing a significant support level at 1740, the pair has started to form a pattern of higher highs and higher lows, indicating a shift in momentum.
Currently, XAUEUR is consolidating within the confines of a rising wedge formation. This technical pattern is...
Pair: XAUEUR
Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections
Directional Bias: Long
Entry: Continuation Corrective Structure after the breakout.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future...
This is a very interesting view .. uptrend is really building up and if having those bands on its riding the bulls to push it up higher.
New high? This is a maybe we should be able to see a new high, the recent is 1903.. will it surpass it? It might.
1830’s area is a good buy opportunity before the huge sell off. If new high is coming then I say about 2000, some...
There has been a very long time since the price touched this price level should we look for positions freely? I mean, there is almost nothing about this level how ever it has been a very very strong resistance in the past. It might be wise to wait if it ghoes back to test the zone and then we go long.
Hi Folks
Find enclosed the updated of the chart of the gold in EUR.
Last days Gold was consolidating. We were expecting the support to hold tight, and this is happening.
A wedge pop happened yesterday and the prices are moving upward => Let continue to follow the trend.
At the beginning of the year OANDA:XAUEUR broke the down side channel. While banks are bankrupting, we see once again gold is the safe heaven for many people. Most importantly for the central banks which have been accumulating physical gold. FED and ECB will struggle to further increase the interest rates. We may see new ATH within a couple of months! Crazy...
