Gold Buy Position.Gold approaches a support area with a possible great 5:1 P/L ratio, Although the price is still premature from the bias, we are looking for a sound consolidation to make a solid decision.
XAUEUR trade ideas
Gold in EUR under 1500 EUR mark.in next few days we will see Gold testing support levels and is expected to go under 1500 EUR per oz. mark. After is expected to go further inside positive trend channel.
FORECAST DIRECTION FOR XAUEURPrice in compression and have rejected few times in resistance 1633 (potential fakeout). Entry area at red zone since we have strong supply zone (Drop Base Drop) as well as Significant Support & Resistance. In addition, QML setup and Bearish Engulfing setup can be found in H4 Timeframe. Let's see the price action for this setup and keep tight the placement of stop loss.
#XAUEUR | A Potential Huge Movement For Next Week#XAUEUR | A Potential Huge Movement For Next Week
After a clear #Breakout of the previous key level now is time to wait for a #Re-Test and potential movement going long is going to be really profitable.
Looking into #Fundamentals the risk sentiment is looking uncertain due to #US_Elections.
Good luck,
26-30 gold eur predictionsPrice is slowly going on a downtrend
Expect a slow rally up or a big drop
Watching prev high low as a possible stop on sell
Trend lines drawn from lowest/highest wick(lighter) and close/open(darker)
XAUEUR _ XAUUSD Weeks ahead uptrend to touch our resistance.Hey traders,
Awesome weeks ahead if everything falls into place, Gold is a great commodity to trade, although it is risky it is a fast and easily learning step. You do not have to trade with it but the benefits of education on trading is easy to understand with this Pair.
Basic understanding of resistance and support. Might i add, trading is not always drawing up lines and inputting indicators. No no no, haha i wish. News and learning about supply and demand is also a great step in the right direction.
Gold closing this week end high and following through an uptrend. Long inter-day trades for buys sounds like a great idea let me know.
Stay safe and safe trading.
Remember just my opinion. :)
XAUEUR - USDDear traders,
Just to add XAUEUR and XAUUSD and almost any XAU___ is the same *ALMOST* not 100% but patterns are definitely worth watching altogether and can potential help things from a different perspective each time.
Take a look at my previous ideas and it will show how similar these charts are. Thank you x
Have a great day and the following.
Remember - just my opinion. Safe trading.
Gold will soon movef on to another upward trend .What s your take
I trade waves, trends, Fibonacci and look for more securoty when doing my moves through other Indicators,
Good luck!
What happened to the GOLD BullsPrice Action for both XAUUSD & XAUEUR hasn't shown any interest in creating a retracement to test the previous support levels turned resistance. Bulls are currently defending the last levels of support for the two. Breach of these zones will open up further losses. In the CFTC report, XAUUSD has had close to 20k long positions closed. This implies that hedge funds are adjusting their exposure to gold hence further losses are possible.
XAUEUR ASSUMPTIONGold continues bearish momentum by breaking previous Support @ 1622 after a very long sideways market. If the price retrace back to the breakout point, we can try to find short entry with minimal risk.
XAUEUR 1:21 IDEASniped on the liquidity grab + imbalance, looking for a 1:20 assuming price will return back to 1650 level! #snipeordie
