XAUEUR trade ideas
Trend ContinuationGold has been in a bull trend because the market uncertainty " the Brexit and Trump". I m long in a pullback of the trend ( ABCD pattern), but I m going to close the trade before the new about the Interest Rate from the Euro.
GOLDGold has bounced from support as expected. I see three clear price ranges that will drive my trading for next weeks.
GOLDGold is rebounding from support and RSI is developing in a bullish manner. I expect more upside movement in the next days possibly up to the 200 day MA.
xaueur reversalbeen watching this chart closely for the right moment and it seems gold euro will be heading up for a big ride and is almost ready to go! i plan to get in at the bottom but my entry may not hit and price may take off without me. its ok though, this is what i see and this is how i trade, you should trade what you see! enter at YOUR entry and take YOUR setup based on YOUR strategy. if you do not have one then best to stay out these markets until you have one.
GOLDGold is moving over a critical support band. Moreover, a bullish RSI divergence is developing. Expect some bullish movement in the next weeks.
XAUEUR potential bullish cypher pattern on daily chartbuy @1022.11
This is also a nice alterntive for traders who are worried about USD strength as usually Gold suffers when USD gets strong. Not with this pair, at least to a less extent.
Trend ConinuationHi traders, in my opinion is a good opportunity to go short in XAUEUR if the price go to 1109.59 , because a extension "1.618" of the last segment and the bear trend. The entry is at 1109.59 and my targets are in 1099.15 and 1030.67, with my stop at 1120.44 . Have a great day :)
