XAUEUR!We see this bullish corrective pattern, but we need to wait for the entries.
High risk entry setup.
Trade with care use a stop loss.
XAUEUR trade ideas
#week09assignment #Rafay #Long #XAUEURLong position taken due to following
1. Price action on bullish trend line
2. August remained bullish in past
XAUEUR SELLThe fifth wave ends, because the third wave is extended, so there is a high probability that the fifth wave will not be extended, and you can short.
W07 - XAUEUR Long PositionOpening long entry from the position where the ABCD pattern is forming. So TP is placed near the projection of BC.
W06 - XAUEUR Short PositionOpening short position from a lower high at the trendline support where a bearish candle is formed indicating the continuous bearish trend.
XAU/EURBullish breakout :
Entry price 1772.37
Take Profit 1847.76
Stop Loss 1734.27
Bearish breakout :
Entry price 1684.56
Take Profit 1587.28
Stop Loss 1727.02
I will sell XAUEUR at pull backThe chart is very bearish and to conform with the current momentum, I will try to sell XAUEUR if it pulls back to the purple resistance and ride it down to support trend line.
Risk = 1.2%
RRR = 1.5 to 1.6
XAU/EURBullish breakout :
Entry price 1733.05
Take Profit 1735.38
Stop Loss 1730.89
Bearish breakout :
Entry price 1726.19
Take Profit 1721.53
Stop Loss 1729.06
GOLD and other metals now is a safe heavenHi
I am glad I put some of my money from crypto to silver few months ago for days like these.
Now situation is not how to make money but how to safe current wealth. In the chart we can see that DXY is rising and Gold is rising, when usualy
DXY up, gold is down, but this time is different because of inflation, not because of healthy economic factors. GOLD is not falling because of inflation
and DXY is rising because of trust of dollar, trust dollar only because interest rate up, that means more valuable dollar, because interest rate compensates inflation
It says alot about dollar.
FED does not have any choices than rise rates, which means stronger dollar and bancrupting companies.
Please remember that Buffet holding a lot of cash, guess for what? Yes inflation is destroing him billions in cash, but
we and businesses pay for the inflation in advance and this is how he will recover and will make more by investing in stocks maybe crypto and other assets.
Many people whould love to be in Buffet situation at the moment when having much of they wealth in dollars (I mean not having billions, but having most of your wealth in dollars),
because FED is your friend today.
Dollar will colapse for sure, but it does not say anything, everything would say if we know when it will happen. I guess the key moment will be US election in 2022 autumn ...
Thanks
XAUEUR 45 MIN SELLXAUEUR is Looking To Move Downfall From here. Also this ORDER BLOCK is Looking Strong So that The Market has the Major Chnances of Dropping From here.
XAUEUR 15 MIN SELLXAUEUR Will Came Down From this Refind ORDER BLOCK , After Grabbing Liquidity of these Small highs .
XAUEUROShooting star on the one day time-frame. A possible drop from around 1799 to a 1790 position.
the 1821 support and resistance was hit but did not manage to break it
Short XAUEUR around 1774 and 1775XAUEUR has broken the support level of 1780 during the NY session last night.
The Asian session saw a pull back and would have a good chance of continuing to the downside.
I have shorted already.
SL and TP as on chart.
MACRO BULLprice got to the pd array now we waiting to buy discount prices for the next move up. you can get in at the area highlighted limits and stops are your friend dont buy at market price.
XAUEURThe current structure is in the sub-wave B of the 4th wave. Since the 4th wave A is a simple wave, the B wave is a complex wave. When the B wave ends, the C wave starts.
XAUEURBecause the third sub-wave of the third wave is prolonged, the fifth sub-wave is no longer prolonged, the third wave has ended, and the callback of the fourth wave starts. Because the second wave is flat, the fourth wave is zigzag or flat. According to whether the first sub-wave of the fourth wave is 5 or 3, the final target position is determined.
Trading Zone to Zone | Educational PostOne Chart, Trading Zone to Zone. Trade what you see not what you anticipate
XAUEUR 17th MARCH 2022Russia's attack on Ukraine could slow global growth and raise new economic risks, but leading central banks remain focused on an inflation war that looks set to escalate. Europe may be the most vulnerable to a broader economic shock from war, but the ECB made clear on Thursday that the region could absorb the expected hit to economic growth but could not afford policymakers to ignore rising prices at record levels in Europe, so choosing gold as a safe haven is one way to maintain existing assets.
we know that gold fastly be expensive when economic risk happen.
XAUEUR H4 chart : we can find a bullish falling wedge pattern. technically if the price breakout above the pattern this will support for gold prices fly high.
this is my XAUEUR trading plan, are you also bullish?
XAU/USD EXTREME CASEAnalysis: This is a pure speculative technical view about GOLD using the fractal from BITCOIN after the COVid-19 market crash reversal. I am not saying that it is an impossible outcome, considering the LUMBER price rise/Palladium bull market. I am not sure how much time it should take for this RUN, but I will have a strong attention on GOLD and Silver for sure. Once we will have the Crypto crash it can boost the price of precious metals in the upcoming months. I am targeting the 2300$ level. Any taughts?
GOLD - Time To Sell !!!The geopolitical event has helped gold to set a new all time high (what would probably happen anyways at some point). Right now people are very scared, and are fomo buying commodities like metals, oil, gas futures, and so on... right at their all time highs. Think about it... they make retail investors sell equities at their local bottoms to FOMO buy commodities at their tops.
Given that everything has become more expensive, especially OIL, this could drive more inflation (money printing) in a short term, eventually resulting in equities going up and commodities going down (in this example gold). But only for a short period of time (few weeks to maybe months).
Structurally Gold could be doing the same reversal pattern we saw with Bitcoin topping at 69k. I've put btc price topping next to the gold chart so you can see how simmilar they are. I am trying to be a head of the croud here. Very simmilar structure could play out like this. My call is a BIG sell for gold right now.
I might be wrong but there are just to much confluences in the market right now between equities and commodities.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
OANDA:XAUEUR
Gold in EUR Trade IdeaGold in euro terms is flying. Definitely one to watch given the explosive price moves. Watch to find out more.
