XAUEUR Long (Swing, daytrade and scalp)Initial retrace complete. Gold ranging reached a new higher bottom in the stable climb. Now is a good time for a long for a day trade/scalp. No retrace due so a good Long haul entry too.
XAUEUR trade ideas
#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!
XAUEUR H4 - Short Term- We have identified a potential H&S.
- Possible pattern continuation with target 1415
Regards, GoldfXcc Team
GOLD (Prj.Y19.P2.E4).Macro.Bullish signsThe price is holding up at a main fib. level and in a downward wedge formation.
Observations:
> Upward Trend is intacted
> 21 EMA on the Weekly acting as support
> RSI and Stoch indicating Hidden Bullish Divergence
> Previous resistance of 2012 can act as support or is trying to
> Media\News: Gold is being sort out for risk management due to the fiat concerns, central banks are buying up gold, etc
3D Chart
XAUEUR shortPrice currently at resistance and showing signs of rejection at the top of ranging market
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.
XAUEUR PRICE ACTION PREDICTIONLooking at market structure, this is my forecast for XAUEUR for the upcoming days/weeks. please comment your thoughts on where you think price is headed
XAUEUR: a symmetrical triangle at H4sell at current price
if price breaks to the upside, sell at correction in lower time frame.
XAU/EUR Bullish PatternGold / EUR pair has been consolidating and trading inside a falling wedge channel for several days. This falling wedge pattern usually is a bullish pattern so I expect a breakout soon.
XAU EUR, buy at 1327.619XAU EUR just broke out wait for retest on that 15 minutes then enter a buy on 1327.619. this is the scalpers strategy and intraday move
GOLD/EUR Showing A Bullish Falling Wedge** This is a long term analysis**
GOLD/EUR Showing a bullish falling wedge on the 1D chart.
Waiting for price action to confirm the bullish falling wedge.
Focus Time Frame: 4h/1D
Market Condition
1D Short Term: Downtrend
1D Long Term: Uptrend
