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.
XAUEUR trade ideas
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 pattern
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
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
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.
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.
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 Germany
GOLDEURO provides better buying opportunity than xauusd?EUR has risen a lot for 2 weeks while DXY has weaken dramatically
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
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% Fibonacci
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.
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.
Next move for Gold€Possible break of the wedge today or during weekend, target 1460.
Not trading advice
