XAU/EUR Sell Setup.
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 like gold and other safe heaven currencies like JPY and CHF.. I'm concerned about EUR/USD because if Eur is rising against all the safe haven assets and currencies (my assumption) it can rise against dollar also because it has already risen it's interest rate earlier than USD (0.25 points in December 2021) which is earlier move than anticipated than dollar which has still haven't yet and is planning to do so in 2022. My bias EUR/USD Bullish.
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 like gold and other safe heaven currencies like JPY and CHF.. I'm concerned about EUR/USD because if Eur is rising against all the safe haven assets and currencies (my assumption) it can rise against dollar also because it has already risen it's interest rate earlier than USD (0.25 points in December 2021) which is earlier move than anticipated than dollar which has still haven't yet and is planning to do so in 2022. My bias EUR/USD Bullish.
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