Chart 1- GOLD/EUR Continous Bullish TrendGold is getting stronger again major currencies lately including Euro as well. Hopefully the trend continues in the coming days for good TPs.
XAUEUR trade ideas
XAUEUR ShortShorting the XAUEUR from the trendline and XAUEUR all time high!
This will be the last short I will take unless of course 2200 is reached by Gold EUR.
Reasoning for my short and anti momentum trade is 2100 is a strong psychological level in the market and gold does tend to work well with these levels as seen in past trading with both XAUEUR and XAUUSD. Currently XAUUSD is trading at 2055, with the XX50 being somewhat of a psychological level however this was disrespected last night. Currently the SP500 is trading at an all time high rejecting a psychological level too. Given that I utilise alignment in markets to go beyond the technical analysis, which while while great has it's limits, this gives me a reason to short XAUEUR at this time.
It is a riskier trade for sure, therefore my risk is altered for this trade to appropriate tolerance of risk and set-up quality.
Confluences:
3rd touch on upper trendline, weekly and monthly timeframe
Psychological level
Market Alignment
Half risk.
Catch you later traders ▲
Entry: 2098.47
SL: 2105.10
TPs: 1- 1:1.5 ....... 2- 1:2.5
XAUEUR ShortLooking to short XAUEUR.
Currently trading at the all time highs therefore counter moves are short term and not be taken as trying to find the reversal point in the market as this is zero sum game...
Currently XAUUSD is also at all time highs near it's round number 2200 and Silver is currently subdued after rejecting the Intra Year highs of last week. Though I am treating this as separate it is still imperative to know where correlated markets are and if they are trading near key levels for reversals etc.
Confluences:
Intra KL.
All time high.
Alignment
Entry: Stop Loss: Take Profit:
2032.90 55 pips TP1 1:1 | TP2: 1:3
XAUEUR LongLooking to long XAUEUR from 1971.
Metal still very bullish across the board unless fundamental drivers change this for the foreseeable future.
Confluences
38% Fibo from last impulse
Key level and Intra Key levels present here
Stop Loss: 1966/50 pips/€5
Take Profit: 1986/150 pips/€15
Catch you later traders ▲
Huge rising wedge on Gold/EurA large rising wedge is seen in the Gold/Euro pair for the monthly candles. The Gold/Euro pair is an ascending trend over the years. Since the rising wedge is a reversal pattern at the end of ascending trends, a correction phase may start in the near term when the lower boundary of the wedge is broken.
Stalking the B to CHere we see EW possible count looking for correction on xaueur..also possible with other metrics,now what's needed is a setup..we hide in the bushes waiting for the shot..Risk management..GL..engagement encouraged below..got a chart?post below
This memeline says "BTFD" GoldIf you're willing to hold a bit, for example physical, now is probably a good time for an entry.
GOLD/ EUROHello and have a good time
I trade according to these analyses
My analysis is based on fundamentals, intermarket analysis, news, geopolitical topics, and of course technical levels.
I hope it is your light
XAUEUR - Double Button He test the values Twice and and made double Bottom, when the first higher high break take a trade and make a profit.
Bye
XAUEUR - Made Bearish FlagThere is no divergence, and there is in 4 hours chart made a Bearish flag.
Trade Plan is:
when last Lower High Break then take a trade, and Enjoy your profile,
LiveI updated my idea on the notes but posting it again so new followers can jump on the trade. This is the last one until the new year
Put this in your stocking One last surprise, if/when price breaks out of the wedge it's time to get in and ride it through to the new year.
[EN] XAUEUR vs XAUUSD // GaliortiTradingOANDA:XAUEUR has greatly improved its appearance relative to the chart of $OANDA:XAUUSD. See the weekly charts of both:
1 W €
1 W $
We will now comment on the charts OANDA:XAUEUR :
OANDA:XAUEUR has reached a market top in the very short term but we think that before the end of the year it will reach new all-time highs with free upside , a fact that will probably take time for the XAUUSD to achieve. For this we base our analysis on:
- large volume in euros since mid-August ( volume has tripled ), a fact that has not occurred in dollars.
- the best technical aspect.
In the first half of March 2022 OANDA:XAUEUR made record highs but the price was rejected with strong volume (the highest in the entire historical series).
For such reason, we expect a correction in the coming days as this is the third time it faces that resistance arriving with strong overbought. It does not facilitate the rise:
1. weekly bearish divergence in the RSI.
2. Technical figure of an evening star on the daily chart.
3. Extreme slope of the short term bullish guideline.
1 D
We believe that in the coming weeks there will be a correction with a target of 50% of Fibonacci of the entire rise since the beginning of the month (around 1.803-1.813€), a level that will be reinforced by the 200-session average .
4h
On 30-minute charts, the price is supported by the 100-session average . Its loss will accelerate the falls towards the floor of the bullish channel with origin at the beginning of the month. Its first downside targe t is 1,850 ( 23.6% Fibonacci correction area). Its loss would generate a second downward targe t at 1,810-1,820 ( 50% Fibonacci correction area).
30
From there, the stock will probably restructure upwards to try to beat its historical highs before the end of the year .
Pablo G.
XAUEUR: Massive signal in Gold vs EuroIf you're in the EU, you might wanna secure some exposure to Gold with Euros...💰
There is now a strong trend in all timeframes here, and downside risk is very small, I think you could easily hold something like 20-25% in Gold as a hedge and be safe.💹
Upside potential to 2344 Euros per Ounce is massive vs the downside risk under 1739 per ounce.
As for instrument selection, you could use an ETF that holds futures or physical bullion for convenience, or own some physical gold yourself (but not as liquid and harder to get in and out from in size)📊
Best of luck if you take the trade!🤝
Cheers,
Ivan Labrie.
China's Long-Term Gold BuyingChina's persistent and substantial gold buying activities have been steadily driving up the price of this precious metal, presenting an exciting opportunity for traders like yourself to consider going long on gold.
Over the past few years, China has been actively diversifying its foreign reserves by increasing its gold holdings. This strategic move is aimed at reducing their reliance on the US dollar and mitigating potential risks associated with global economic uncertainties. China's consistent and significant purchases have already made it the world's largest gold consumer, surpassing India.
The long-term implications of China's gold buying spree cannot be overlooked. As the demand for gold continues to rise, driven by China's insatiable appetite, the price of this precious metal is likely to experience sustained upward pressure. This trend could create a favorable environment for traders who choose to go long on gold.
Considering the predictable nature of China's gold buying activities and their commitment to diversify their reserves, now might be an opportune time to consider adding gold to your portfolio. By taking advantage of this trend, you could potentially benefit from the price appreciation of gold in the long term.
I encourage you to carefully evaluate this opportunity and assess how it aligns with your trading strategy. Conduct thorough research, analyze market trends, and consider consulting with your financial advisor to make an informed decision.
To assist you in capitalizing on this potential opportunity, I recommend keeping a close eye on China's gold buying announcements and monitoring any related market developments. Stay informed about global economic indicators and geopolitical events, as they can significantly influence the price of gold.
Remember, trading always involves risks, and it is essential to exercise caution and implement appropriate risk management strategies. However, with careful analysis and a well-informed approach, going long on gold in light of China's long-term buying activities could prove to be a rewarding investment.
Should you require any further information or assistance, please do not hesitate to comment.
XAUEURXAUEUR ,has approached a resistance area at 1798.i believe price will sell of towards 1767. The EUR was abit weak today but as we approach NFP tomorrow ,am hoping to see sells.
XAUEUR (LONG IDEA)Morning Folks.
I have a long trade idea here on XAUEUR. 4H bearish structure has shifted to bullish. I'm expecting price to retrace back to the demand zone (also support) at 1749.42 which is the August 2020 high. I'll be looking for confirmation before going long. A shift in momentum will be enough to justify an entry with stops around 1745.37.
I'll be watching yields as we approach the zone.
Let's see how it plays out?
#Long XAU/EURLong on following rational;
1. Dow theory
2. Bullish Harami Candle
3. Respect of bullish trendline
XAU/EURWe expect a good rise of gold in the daily time. Gold has already done a good upward movement in dealing with moving 200.
XAU/EURFriends, in daily time, gold is rising. Due to the good support of moving 200, we expect a good rise in gold.
Good luck.
XAU/EUR DAILYConsidering the support of moving 200 that we have in the daily time and the upward divergence that we expect at the floor, we expect gold to rise. Of course, the gold chart is analyzed based on the euro.
