XAUEURG trade ideas
Inverted H&S in XAUEUR Testing 1170Inverted H&S in XAUEUR Testing 1170.
Also Bullish MACD Divergence.
AXUEUR SHORT POSITION IDENTIFIED ON CHANNEL UPSell analysis above.
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Xaueur Just hanging out there for a huge dropthe latest news spiked gold for a few days but the market forces do not go on news.
short gold with Eur may be even a better option than with Usd. this latest rally really just made a great sell opportunity. drop to 1127 would be latest support but imo we slice through that to 1117 on the down channel. second target 1100 than 1080. place a stop at the three week high. safe trading everyone will win some and lose some but protect and risk only you are comfortable with.
Bullish breakout - Gold EURPrice is lingering around the current month high and its close to prior month high.
Two days ago there was a nice move to the upside much larger than any move in several days.
Limit order set to breakout of box drawn.
Stop loss and risk determined based low of thrust bar. You can manage the position as it develops in case you don't want to take a full 1 R loss.
0.5% risk
OANDA:XAUEUR
Gold - A Useless Rock, Barbarous Relic, No Yielding AssetHowever since 2009 and before you can see that in all major currencies gold has acted as a protection hedge against inflation and depreciation of these currencies. Definetely not a short term trade but one for the long haul and from the charts it is clear, the blow off top has not occurred yet.
Bullish Gold EURPrice leaning against downward trendline
Downtrend has been weak. Could be a good point of inflection.
Bullish bias based on higher time frames.
Entry is aggressive on breakout of box drawn - lots of price action above current level. Anticipating clean move up otherwise keep this one on a short leash.
Better setups coming to upside potentially.
0.5% risk per trade of 1% if you're feeling lucky
Bullish break of structure - GOLD EURLong on breakout of bullish area - potential for tighter stop on 4hr chart. Review 4hr chart for weak pullback and smaller breakout window
Anticipated bullish setup - GOLD EURAnticipating a bullish setup on GOLD EUR
Price coming off prior month low.
XAUEUR MarkUpThis is my XAUEUR markup that I'll follow 'til 4.05.19. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
LOOKOUT FOR 4 HR CANDLE CLOSING ABOVE OR BELOW LINEHello Traders ,
We have this wonderful SHORT opportunity coming for us today or on monday ,
Price has already closed below Bollinger Middle band with flat BB confirming price trading in channel pattern ,
We are currently looking at retracement after yesterday's bearish move , but since price has closed below some technical price levels and indicators we expect a leg lower towards 1135 level where we have lower Bollinger Band ,
We are waiting for price to confirm end of its retracement as because of today's EURO overall weakness price may move higher too ,
We have 2 possible places to open a short trade ,
1. At rejection of Lower Channel Line ,
2. Or rejection at below support /resistance zone ,
Lets wait and see how it plays out.
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