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.
XAUEUR trade ideas
XAU-EUR Breakout Short! Sell!
Hello,Traders!
XAU-EUR or the Gold price in Euro
Broke the key horizontal level
Which makes us bearish biased
And thus we are expecting
Further bearish move down
After the pullback and retest
Of the broken level
Sell!
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XAUEUR Day TradeAccording to my strategy, they have to form a 3rd level for M15 to complete the structure, meaning they'll rise higher to 1764,9. Then retrace back to the zone to test it and gain momentum to break the resistance zone of 1764.9 and then shoot all the way up to the resistance of 1788.0 which is the final Take profit.
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
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.
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?