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GOLD / EURO GRAMGOLD / EURO GRAMGOLD / EURO GRAM

GOLD / EURO GRAM

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XAUEURG trade ideas

XAUEUR breaking the up trend channel for more upside push!At the beginning of the year OANDA:XAUEUR broke the down side channel. While banks are bankrupting, we see once again gold is the safe heaven for many people. Most importantly for the central banks which have been accumulating physical gold. FED and ECB will struggle to further increase the interest rates. We may see new ATH within a couple of months! Crazy times again. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XAUEURLong
by WhaleGambit
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