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XAUEUR trade ideas

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 UnknownUnicorn28232484
XAUEURThe way that I like to think about it is if you look at any activity involving probability theory, there are those who make the bets and those who take the bets. Once you dissuade yourself from the gambler’s mentality, you see very clearly casinos have a highly effective and successful business model. In other words, casinos take the bets because they have familiarized themselves with the odds of the game. It’s this understanding of odds and probabilities that allows casinos to be continually successful.
OANDA:XAUEUR
by UnknownUnicorn27179884
POTENTIAL LONG TRADE SET UP FOR XAUEURPair: XAUEUR Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Long Type: Swing. Entry: Reversal Patterns & Continuation Corrective Structure on the LTF's. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly! #TheTradingAmbience
OANDA:XAUEURLong
by TheTradingAmbience
2
XAU/EUR-İnterest Rate Increase(Daily)Such a scenario is likely to happen. The reason is high inflation and recession. It is not possible to suppress inflation with interest rates in a short time, this is a process. In the near future, we may see sharp interest rate hikes on the ECB side as well. This process seems to take a long time because inflation figures are at the peak of the last 40 years. We shared more detailed macroeconomic comments in the previous posts, you can take a look. *Note: The reason why we examine XAU/EUR is to have a better idea of ​​the state of gold. Before buying an instrument, it will give you more insight into its charts with other currency pairs. When we examine the price chart on a monthly basis, The price is very close to the upper channel line, which is a major resistance for the price. When we interpret the price according to the elliot wave pattern. It corrects the previous rise. I think we are now in B bullish on this corrective move. After low as low as $1650 last June, it closed the month with a strong doji candle formation. *In candlestick formations, if the price holds above 1/3 of the needle, an increase is expected. For this reason, pullbacks to $1650 levels can be considered as buying opportunities. When we examine the price chart on a weekly basis, When the price broke the downtrend line upwards, it got a strong downward reaction from the $1760 resistance.(pls resacrch pullback-back test) This week is selling hard.1675-1703 support levels. The price could retrace to the 0.382 fibonachi level. I expect an upward reaction from these regions. The price appears to have completed its descending wedge correction. When we examine the price chart on a daily basis The reason for the hard sales in the short term is the hawkish statements from the ECB. The price may pull back to the 0.236-0.382 fibonachi levels. The price can oscillate between 1750-1650 for a long time. This may give us a trade opportunity. The price is trading hard after 5 waves of uptrend. I expect DXY to drop after the ECB's tough rate announcements at the next meeting. So XAU/USD might be a better choice.
FOREXCOM:XAUEUR
by ICE-Forex
1
XAU/EUR-İnterest Rate Increase(Weekly)Such a scenario is likely to happen. The reason is high inflation and recession. It is not possible to suppress inflation with interest rates in a short time, this is a process. In the near future, we may see sharp interest rate hikes on the ECB side as well. This process seems to take a long time because inflation figures are at the peak of the last 40 years. We shared more detailed macroeconomic comments in the previous posts, you can take a look. *Note: The reason why we examine XAU/EUR is to have a better idea of ​​the state of gold. Before buying an instrument, it will give you more insight into its charts with other currency pairs. When we examine the price chart on a monthly basis, The price is very close to the upper channel line, which is a major resistance for the price. When we interpret the price according to the elliot wave pattern. It corrects the previous rise. I think we are now in B bullish on this corrective move. After low as low as $1650 last June, it closed the month with a strong doji candle formation. *In candlestick formations, if the price holds above 1/3 of the needle, an increase is expected. For this reason, pullbacks to $1650 levels can be considered as buying opportunities. 💥When we examine the price chart on a weekly basis, When the price broke the downtrend line upwards, it got a strong downward reaction from the $1760 resistance.(pls resacrch pullback-back test) This week is selling hard.1675-1703 support levels. The price could retrace to the 0.382 fibonachi level. I expect an upward reaction from these regions. The price appears to have completed its descending wedge correction.
FOREXCOM:XAUEUR
by ICE-Forex
XAU/EUR-İnterest Rate IncreaseSuch a scenario is likely to happen. The reason is high inflation and recession. It is not possible to suppress inflation with interest rates in a short time, this is a process. In the near future, we may see sharp interest rate hikes on the ECB side as well. This process seems to take a long time because inflation figures are at the peak of the last 40 years. We shared more detailed macroeconomic comments in the previous posts, you can take a look. *Note: The reason we're reviewing XAU/EUR is to get a better idea of ​​the state of gold. Before buying an instrument, it will give you more insight to have a look at its charts with other crosses. When we examine the price chart on a monthly basis, The price is very close to the upper channel line, which is a major resistance for the price. When we interpret the price according to the elliot wave pattern. It corrects the previous rise. I think we are now in B bullish on this corrective move. After low as low as $1650 last June, it closed the month with a strong doji candle formation. *In candlestick formations, if the price holds above 1/3 of the needle, an increase is expected. For this reason, pullbacks to $1650 levels can be considered as buying opportunities.
OANDA:XAUEURShort
by ICE-Forex