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XAUEUR trade ideas

Potential Breakout: Higher Highs and Rising Wedge FormationXAUEUR, the gold-to-euro currency pair, has recently shown signs of a potential bullish breakout. After testing a significant support level at 1740, the pair has started to form a pattern of higher highs and higher lows, indicating a shift in momentum. Currently, XAUEUR is consolidating within the confines of a rising wedge formation. This technical pattern is characterized by converging trend lines, with the upper trend line sloping at a steeper angle than the lower trend line. Such patterns are often regarded as bullish continuation patterns, suggesting that an upside breakout may be on the horizon. I will closely watch for a potential breakout above the upper trend line of the rising wedge. If the price manages to breach the upper trend line decisively, it could signify a shift in sentiment and the resumption of an upward trend.
OANDA:XAUEURLong
by UnknownUnicorn48526553
New high coming? This is a very interesting view .. uptrend is really building up and if having those bands on its riding the bulls to push it up higher. New high? This is a maybe we should be able to see a new high, the recent is 1903.. will it surpass it? It might. 1830’s area is a good buy opportunity before the huge sell off. If new high is coming then I say about 2000, some others said 2050 or 2100.. we will see how it plays out if it chose to sell off it’ll sell off. But this seems like a buy in a longterm. Watch any reversals trade safe and if new Hugh is coming then we might see new high for Gold.
OANDA:XAUEUR
by JoyBoyVegae
XAUEUR breaking the up trend channel for more upside push!At the beginning of the year OANDA:XAUEUR broke the down side channel. While banks are bankrupting, we see once again gold is the safe heaven for many people. Most importantly for the central banks which have been accumulating physical gold. FED and ECB will struggle to further increase the interest rates. We may see new ATH within a couple of months! Crazy times again. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XAUEURLong
by WhaleGambit
how to measure strength of Supply&Demand zones.There should be a maximum of 4-6 candlesticks at the base. The less number of candlesticks at the the base the more the strength of the zone and vice versa . other features of a good zone include : -tight candle bases with bodies less than 50% -strong departure , 2nd leg (IMPULSE) with at least 2 ERC candles closing at its high (about 80% of the whole candle range) DO NOT CONSIDER A BASE WITH : -has only doji candles but doji + gape is valid -has long wicks , they are normally reaction to previous levels
OANDA:XAUEUREducation
by currencynerd
XAU/EUR - Double Combination with Missing X-Wave [26-12-2022]From my perspective and experience about Neo-Wave, It looks like we are in the pattern called "Double Combination with a Missing-X Wave". I'll explain the reason why I think it is. I gradually separated each monowaves segment, then I found that it has 2 sideway phases and 2 down-trend phases. I examined possibility which pattern can occur, here's the list. Can it be IMPULSE WAVE possibility? - The answer is no. Why? because m2 is take time more than 300% of m1, Therefore it's certainly cannot be an Impulse Wave. m4 which have the same direction as m2, it takes time more than 300% of m3(which will be wave-3) it shouldn't take time more than 300% unless it's terminal impulse or correction wave. Can it be CORRECTION WAVE with next pattern is forming? - The answer is still no! Because If m1-m2-m3 is just Correction it would be an Elongated Zigzag which have an effect is must retrace at least 61.8% of wave-c(which is m3) BUT! post-pattern behavior wasn't happen after the cessation of m3. Its retraced only 38.2% of m3(which is wave-c). Thus IT IS NOT AN ELONGATED ZIGZAG with the next pattern smaller degree wave is forming. It neither correction wave and impulsive wave. So the last choice is "Complex Pattern" with an Missing X-Wave m1 is a(which is the first leg of 1st Corrective) m2 is b(which is sideway) m3 is the longest wave we will divide it in half so we will get m4. m3 is wave-c and m4 is wave-x m5 is wave-a of second phase corrective wave (which is trend and in smaller degree its a flat) m6 is wave-b of second phase corrective wave (which is sideway and in smaller degree its an expanding triangle) m7 which is not complete, it will be wave-c and PRICE TARGET of wave c is approximately 1685.482 Disclaimer: Not financial advice, It just from my perspective.
OANDA:XAUEURShort
by Kunnaphatz