GOLD vs EUROGold supported at the bottom of its bullish channel in next few months it will touch the upper line of the channel!
XAUEUR trade ideas
Gold vs EuroNice opportunity to go long on this pare as trendline is broken. Now price is going to break 100MA and should break 200MA also which is coming from previous tops. The possible entry zone could be after breaking 200MA and also resistance zone, closing above 1104.00 with target zones 1125.00 and 1147.00
-Ginvest
EURUSD(daily chart). Bullish Gartley, Bullish DCrab, at Support.EURUSD(daily chart). Bullish Gartley, Bullish DCrab, at Support.
RSI at Support.
Xaueur macroXaueur macro
Fed balance sheet:
www.federalreserve.gov
Ecb balance sheet:
www.ecb.europa.eu
XAGEUR Sell Setup!Hello Traders!
Gold Euro looks like its making a small correction and is in its C wave. once complete this can breakout and drop substantially. Price broke out of its uptrend and now I am just waiting for a TCP to finish forming to sell.
Good Luck!
GOLD/EUR 1W: Undervalued! Min target 1.150 EUR until End 2017.The strength of the EUR has pushed the gold price down. Apart from this fact, GOLD is undervalued in EUR. Strong resistance at 1.150 EUR.
If the war scenarios continue, a further additional up could be expected. It is also possible that the USD will stabilize against the euro until end of the year. This also makes a stronger up possible.
Let's see what happens. Happy trading. :-)
Buying Catalonia fears... Better than shorting EURO, I think buying Gold/EURO is more reliable (imho). At leats for next few days. Catalonia crisis is an unchartered territory...
Good time to buy XAU-EUR1. Bull started this time last year. Cycle repeat?
2. Low price rejection found.
3. Lower timeframe breakout.
RR > 4.
Gold Euro OutlookHello Traders!
Gold is in what seems may be a consolidation between the 2 parallel yellow trendlines . it is not complete so these were randomly drawn as to show what I believe price is doing. if I am right, there may be a trade to short Gold at likely a .618 of the 'A' leg in the parallel channels as i believe this small bull move is wave 'B', if short, we may catch wave 'C'. I want to make it clear, my chart setup is not a signal! I do not provide signals either! It is only an overall outlook of what may happen this week, I may short but my entries are always on 4hr or lower and usually better R/R than the 3/1 seen here.
The correction may form a Gartley pattern just like it may not, either way it is not a Gartley I will be trading but the correction itself. if price passes a .618 of the bullish impulse/XA leg of the Gartley , I will look to buy this pair with some fairly heavy contracts to catch the big Bullish Impulse to come on the weekly chart.
Hope this helped, show some love :)
Below is an image of the Weekly and another of the Monthly
XAUEUR Bullish Signals, Target to 1146On 4H chart of XAUEUR, price consolidated at 1080 level, then spiked to 1103 with 2 bold bullish candles, expecting strong trend next week together with the gold cross on MACD.
Besides, CD leg of bearish ABCD pattern will finish near 1246, concides with middle channel of pitchfork, crucial resistance to watch.
In short term trade, TPS can be set at 1105 and 1116.
XAUEUR Buy Set Up, Target to 1146On 4H chart of XAUEUR, price consolidated at 1080 level, then spiked to 1103 with 2 bold bullish candles, expecting strong trend next week together with the gold cross on MACD.
Besides, CD leg of bearish ABCD pattern will finish near 1246, concides with middle channel of pitchfork, crucial resistance to watch.
In short term trade, TPS can be set at 1105 and 1116.
LONG TERM FORECASTThis is my long-term view for XAUEUR.
There is high probabilty of 3 drive pattern in development.
As for now geometry of patern and fibs ratios are compliant therefore i expect another wave up very soon.
Price found support on weekly trendline.
Cross market ananlysis supports concept as price of XAUJPY and XAUUSD shows signs of continuation patterns.
Regards
XAUEUR SHORTING OPPORTUNITY - FREE MONEYA set up for completely free money. XAUEUR pair. Check it out see if it is a setup you would be interested.
Remember this is not a signal. It is a decision you have to make based on analysis.
Use good risk management.
Let's catch pips this week.
The past is your lesson. The present your engine. The future; your motivation.
