MARKET MANIPULATION50/50 Chances of directions 1) 50% Short possibilities 2) 50% Long possibilities It safe to say the trend is currently Neutral!!!by The_44Published 7
Long-term Gold in a Time of CrisisBlack channel: - main uptrend channel - in play since 2013 - currently testing the top as resistance (weekly) or (probably) as support (daily) Green channel: - stronger uptrend channel - in play since 2018 - still in play but it looks like a smaller downtrend channel is forming inside (red channel) Red channel: - downtrend channel - possible LH on .786 fib. retr., aprox. 1500 EUR (round number) Scenario 1 (bullish): - red downtrend channel confirmed with a LH - possible right shoulder forming around daily 50 SMA (green), between .50 and .618 fib. retr. - daily RSI seems to agree with price action and momentum is slowing - 4h RSI oversold and pointing downward - 4h MACD looks like a bearish cross is on the way - looking for ~1430-1460 EUR Scenario 2 (bullish): - alternatively, testing black channel as support (4h, daily) - daily MACD bullish cross - ~1560 EUR as resistance again Scenario 3 (short-term bearish): - still a fair change of happening due to the global pandemic - after having successfully tested daily 200 SMA as support I believe this scenario is less likely - we continue with the red channel (i.e. LH and LL) - daily 200 SMA ends up working as support again - or bottom of green channel provides supportLongby wurucututuUpdated 2
XAUEURComment: **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Longby HIPPOPO12Published 3
XAUEUR buysFundamentals: Gold is a safe haven commodity, ie. when depreciation of currencies, namely USD, is expected, traders will buy gold. In view of the recent poor economic outlook, I expect many currencies to depreciate including USD, EUR and AUD. Hence, I am looking to long XAUUSD, XAUEUR and XAUAUD. Technicals: D1 uptrend and wedge patternLongby ForexTutorialsSGUpdated 224
XAUEUR buysFundamentals: As mentioned in my previous post, XAU's status as a safe haven and worldwide easing measures (including EUR) may send traders flocking to buy XAU. Technicals: D1 uptrend, gartley Price at support Longby ForexTutorialsSGUpdated 3
xaueurthe gold trend is in a bullish channel and after the collision and the 2 -channel line, a fall to the bottom of the channel and then the uptrend again by alimohammadiPublished 2
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.Shortby VeejahbeePublished 1117
We like long XAUEUR here.After a wash-out in Gold and a carry liquidation rally in EUR, we think its time to get long XAUEUR.00:32by efillPublished 4
XAUEUR : Diamond acting as continuation patternI see an onfolding DIAMOND (half staff figure as continuation pattern) on the XAUUSD trade. The breakout move is equal to the entering move of the DIAMOND pattern. After the breakout has been accomplished (green arrow), a retest of the breakout level should be expected (annulation of the previous breakout). Have a safe trade! Trading Mickette from GermanyLongby Mickette1Updated 3
GOLDEURO provides better buying opportunity than xauusd?EUR has risen a lot for 2 weeks while DXY has weaken dramaticallyLongby forexsarawakPublished 3
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 Safeby FadiZakkaPublished 5
XAUEUR Short1- Need a reversal movement to create market structure and to touch the trend line 2- Wait an acumulation on the monthly resistence and use candlestick pattern to short trade 3- Target on 61% FibonacciShortby JeisonGVPublished 5
Gold asserting strong uptrendGold in Euro up strongly after prev weeks of breakout. A signal that equities are in danger triggered by prolonged supply chain disruption due to Covid-19. Governments around the world have already announced commitment to support local industries affected. Never done before actual damage was assessed, meaning that the impact to economies will be fairly large. Estimated duration of 2 quarters. Trading volumes steady, suggesting continued buying.Longby kpfamPublished 5
xaueurall time high and this is the initial move best wishes nidal alzubaidiLongby Nidal-AlzubaidiPublished 4
GOLD in EUR / short term short and long term longIt's hard to predict when you are on all time high marks. Gold is in bullish trend and it will probably also continue whole year. I see outbreak of regression channel as it was in 2011 and we can expect similar reaction as it was in 2011. Longby ZLATO_PO_POSTIPublished 7
Next move for Gold€Possible break of the wedge today or during weekend, target 1460. Not trading adviceLongby DangerRateUpdated 6