XAUEURG trade ideas
Gold will soon movef on to another upward trend .What s your take
I trade waves, trends, Fibonacci and look for more securoty when doing my moves through other Indicators,
Good luck!
What happened to the GOLD BullsPrice Action for both XAUUSD & XAUEUR hasn't shown any interest in creating a retracement to test the previous support levels turned resistance. Bulls are currently defending the last levels of support for the two. Breach of these zones will open up further losses. In the CFTC report, XAUUSD has had close to 20k long positions closed. This implies that hedge funds are adjusting their exposure to gold hence further losses are possible.
XAUEUR ASSUMPTIONGold continues bearish momentum by breaking previous Support @ 1622 after a very long sideways market. If the price retrace back to the breakout point, we can try to find short entry with minimal risk.
XAUEUR 1:21 IDEASniped on the liquidity grab + imbalance, looking for a 1:20 assuming price will return back to 1650 level! #snipeordie
Sell xauusd Three drivers pattern has form, sell at retracement, long term trade, small lot can yield nice profit in time
GOLD (XAUEUR) Breaking the high >95%Experimental Probability of breaking today's high (28/07/2020) is > 94%
Discount zones highlighted on the chart to break the high
Note: If price broke the high then discount zones are invalid
Break Of Key Level XAUEUR, we have a bearish hidden divergence formation, and also a break of a structure and a clear rejection of the TL, it’s a 500 Pips move, catch it if you can, FYI that’s a daily chart, go lower the catch a good entry.
I will wait for the daily candle to close for more confirmations.
XAUEUR sellsTechnicals:
H4 bearish gartley
H4 head and shoulders pattern
Possible downside breakout to uptrend
This trade offers a decent 1:6 RR
Pointers against this trade
- XAUEUR is on a D1 uptrend, bulls may push prices higher
- A global risk off may lead to buying of gold which may drive XAUEUR prices up
- With these 2 factors in mind, this is not the most perfect set-up - I would advise halving your risk if your are entering this trade
XAUEUR SHORTXAUEUR Short is beginning to play out and will continue to create great entries for trading. Enter on 4HR candles only.
xaueurnever traded this pair before, however looking at it its a little less volatile than gold usd. Using fib ill be looking for a potential sell on this one.
Waiting for the 21 ema and lips of the alligator to form a crest before returning to the downside.
