GOLD/EUR
🏆 Gold Positioning Update & Additional Buy-Limit 🏆 Additional buy limit set at the lower risk range for gold at $1,762/oz. Profit is over +660 pips at this point giving us the ability to do some tricks, like dollar cost averaging a long-term hold on this beautifully colored metal.
XAUEUR (Die with memories, not dreams.)XAUEUR
This pair had been rising tightly and it had reached the strong resistant region of $1,581.
It may do minor pullback first.
If you wanna long, wait and look out for favorable PA near $1,540 or 1$,520 regions.
DYODD, all the best and read the disclaimer too.
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Thank You!
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🏆🏆The Week Gold Reaches $1,800/oz. 🏆🏆I remain holding my original position from the chart posted below (public, free signal) and am currently floating just under +2.934% unmarginzalied on this single position alone, without any drawdown experienced whatsoever. I will continue to add updates this week for those that are looking for the next entry. I will say this, don't negate the obvious 4 phr candle that printed last Friday. If you were or were not caught in that stophunt, don't let your broker scare you and enter long for this week!
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The Biggest Risk to the Global Macroeconomics⌛️⌛️One of the biggest risks right now to gold would be rising yields.
GOLD waiting for the sell setup to formon WEEKLY: GOLD is sitting around a supply zone in green so we will be looking for objective sell setups on lower timeframes.
on M30: GOLD is forming a channel in red, but our lower red trendline is not valid yet, so we are waiting for a third swing to form around it to consider it valid and enter on its break downward.
We also have a regular bearish divergence adding more confluence to our sell setup.
GOLD BULLISHProviding update to my previous chart. Gold has now completed an inverse head and shoulders pattern and we're expecting the bullish momentum to continue.
GOLDILOCKS EATS THE BEARSBULLISH PATTERN FORMATION ON XAUUSD PAIR
AMEX:JNUG AMEX:GDXJ AMEX:GDX AMEX:NUGT
GOLD EURO Long OpportuntiyPotential Inverse Head & Shoulders as described on the chart.
Wait for the breakout to enter the trade.
Fresh Gold Rally may be on the track.
Good Luck!
XAUEUR - LONG IDEEAThis is my short term idea for a long position on XAU EUR. If it hits first target I will let a runner for the second and third targets.
XAU-EUR 6/10/2020Hello 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 and series of lower highs and lower lows on the volume and cash flow indicators as well.
Currently, price is retesting the 1520 ish zone of previous support which should act as resistant now. It can be a good entry for a short trade with a target of around 1430.
This trade idea has 3 risk to reward ratio.
Good luck trading :)
Fibonacci Analysis Update June 11 2020Updating our previous post but so far it's shaking out just as we predicted.
Bullish Leg 1 = completed
Bearish Leg 2 = completed
Bullish Leg 3 = completed
Bearish Leg 4 = completed
Big Bullish Move Expected Leg 5
