GOLD/EUR
Gold: How deep is your... ?I know your eyes in the morning sun
I feel you touch me in the pouring rain
And the moment that you wander far from me
I want to feel you in my arms again
And you come to me on a summer breeze
Keep me warm in your love, then you softly leave
And it's me you need to show
How deep is your love, how deep is your love
How deep is your love?
I really mean to learn
'Cause we're living in a world of fools
Breaking us down when they all should let us be
We belong to you and me
I believe in you
You know the door to my very soul
You're the light in my deepest, darkest hour
You're my savior when I fall
And you may not think I care for you
When you know down inside that I really do
And it's me you need to show
How deep is your love, how deep is your love
How deep is your...
Gold/Eur Trade SetupIn 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.
XAUEUR 2310 BULL PATTERN?!?!Hello Traders,
It seems to me that XAUEUR, has a pattern on 2310-2315 days it has a bullish movement.
Trade Safe
Gold moves into mid FebLooks to be in a channel right now through to mid Feb, after that we may see some correction. If it is, both sides could play the range and make healthy profits. but bulls can hold their positions longer.
Weekly chart:
#Gold/USD #XAUUSD - shot-term wave #analysis (bullish scenario)Is this a bullish pennant or just a symmetrical triangle? Up or down?
Decision time for gold!
Indicators @ 1D TF:
Dissipation of bullish momentum on squeeze momentum indicator
Stoch RSI also does not look bullish anymore.
Indicators @ H4 TF:
Bullish momentum on squeeze momentum indicator
MACD bullish crossover
Stoch RSI = bullish
Wave trend oscillator = bullish
Bullish target of bullish pennant ~ $1695
Beraish target#1 of Symmetrical triangle ~ $1500 (end of wave A)
Beraish target#2 of Symmetrical triangle ~ $1415 (end of wave C)
Note:
Squeeze momentum indicator @ 1W TF still looks very bullish.
Therefore, a breakout to the upside could be likely (bullish pennant scenario).
However, if bullish mometum is too weak the triangle could break to the downside.
For this reason I would recommend to take some profits at current price level to secure them.
Remaining gold position I suggest to sell at bullish pennant target.
I´m not a financial adviser. For educational purpose only!
#Gold/EUR #XAUEUR - intermediate/long term (bullish scenario)Due to fundamental reasons (Iran conflict, trade tariffs and currency #wars) there is a strong demand for #safe-haven #assets like #Gold, #Silver and #Bitcoin.
If the wave count in the chart is correct Gold has started a new impulse wave (wave 5) which has reached a new ATH on the EUR chart yesterday on January 5th 2020.
On Dec 23th the Wave Trend oscillator has crossed bullish on the weekly time frame which indicated a good buying opportunity for an intermediate swing trade position.
Currently GOLD/EUR has formed a double top with momentum dissipation on the daily time frame. However, there is still strong bullish momentum on the weekly TF!
If this bullish scenario plays out, impulse wave 5 may reach a new ATH of €1570-1600 in coming months!
After this a A-B-C correction will follow which may finish in late 2020 or in 2021 (hopefully this will be a good buying opportunity for long-term investors).
Be patient and do not FOMO. Let the price come to you!
I´m not a financial adviser. For educational purpose only!
pet rocks no more, bullish doorstopperSo the pet rocks have finally broke out after 2 months of consolidation.
4:1 risk/reward trade from here. Long with stops, ride it.
Seeing pretty much the same picture for silver:
Also for XAUEUR, but a much much clearer chart:
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.
GOLD LONG SETUP 2R - MS Break on 4H4h chart suggests upside momentum next week imo. Broke market structure + closed above the 50 EMA. It was unable to create a LL after the low at $1453.
Besides that, USDX (DXY) has swept a daily high with a violent rejection. This tells me that price wants to go reverse (short term)
GOLD: This is the craziest chart on Tradingview!5 currencies compared against GOLD.
I say no more. Watch the video - and if you disagree, say so and why with some evidence!
XAUEUR: a symmetrical triangle at H4sell at current price
if price breaks to the upside, sell at correction in lower time frame.
XAUUSD (GOLD) LONG - INTRA DAYAnalysis team placed long on XAUUSD (GOLD) @1456 with 2 intra day targets on 26th November, 2019:
TP1 @1459
TP2 @1462
Gold Institutional Flows A good time to update the Gold chart ahead of FED/ECB combo.
Let's start by reviewing the macro and understanding how we got to where we are now. The entire Macro move from 1205 begun with this breakout which we traded live last year:
This breakout was the earliest warning sign of the change in chapters for the economic cycle, it was early hints for those sharp enough to realise what was cooking. This was the beginning of the end in the large triangle which was also mapped clearly:
A flawless zig-zag breakout forcing bears to capitulate. This triangle ended with the D & E legs, both of which we also traded and added live positions too on both sides:
Followed by the momentum breakout which we also traded in CNY terms as well as USD:
The final fumes we are trading with this impulsive leg we are currently in will last all the way till 1595.xx, this is the completion of the first targets in the sequence via the coordinated CB action.
For those tracking this chart a quick reminder:
A textbook case of impulsive and retrace swings with both sides playable. We have been making a killing in Gold and with a "People vs Establishment" narrative picking up pace across the globe this is the perfect ingredient to add to the mix. Here expecting Buckingham Palace to play a major role in the next risk-off domino.
Best of luck those positioning for the next cycle in Gold which will come via Fed, while risk will control the inside swings. Thanks for keeping the likes and comments coming, I am blown away by the positive feedback.
Gold: Wkly long setupAs markets continue to see headlines about delayed negotiations for the China and U.S. tariffs, gold continues to be stuck in what seems to be a longer term daily bull flag-- declining channel-- making well enough defined lower-highs and lower-lows. My downside target this week for gold is 1448, where I expected gold to react off of the previous resistance now current support. This would result in a double bottom forming at the 3rd lower-low in the downward structural channel starting at the beginning of September. We can look for long entries at the key level of 1448, and look to take profit at the upper descending channel/ trend-line.
If 1448 doesn't hold on the 4-hrly time frame, my next downside target is 1400 which is a key level just above the 200 day MA. I think December will be an interesting month for Gold because of how the transition of the U.S> and China trade policy as well as the fact that the European auto sector is of focus for the Trump administration. There are alot of things that need to develop this year and regardless of seasonality and holiday I think it will be fairly active in terms of risk-on vs risk-off.
