CFEGOLD.EUR.1.CFE trade ideas
XAU/EUR - Macro Brexit/EU Play - LONGAdding up the fundamentals.. The EU isn't going to hold up come Brexit Deadline. This pair should perform splendidly. Expecting new ATH in the long term.
My plan is to sell extensions and buy pull backs.
Gold:euro hitting top of uptrend channelMaybe time for a rest. Gold:dollar still going up (to 1600).
XAUEUR: Longterm (SHORT)A possible Longterm selling opportunity on XAUEUR after the false break and the retest (4h). In the daily and weekly timeframes, the WXYZ correction pattern seems to be complete on 78.6% Retracement area .
*NB: On a daily chart there is a bearish engulfing candle and divergence on the RSI signaling high probability to the downside.
COMPARE THIS WITH XAUUSD WHICH IS SHOWING AN EVEN CLEARER SIGNAL TO THE DOWNSIDE (LONGTERM).
XAUEUR Long/short position... Looking for break out and attention to reversal candlestick formation!!
If the market breaks out at the resistance 1282.60, potential bullish trend continuation.
If the market breaks down, outside of the ascending triangle we will target the support level of 1241.56
FOREXCOM:XAUEUR
GOLD EUR SELL (GOLD - EURO)Hi there. Price is moving impulsively to the downside. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
XAUEUR 1D- broke the trend line
- enter on confirmation retest.
- overall is sell.
Regards, GoldfXcc Team
GOLD/EUR #XAUEUR - short term analysisGold/EUR has built a symmetrical triangle on the H4 TF, but this could also be a bullish pennant.
At the moment there is bearish momentum according to the StochRSI on H4 TF which could easily break the yellow trend line of the triangle.
Next support is at €1251 and I would set SL slightly below (2-3%).
If Gold can maintain this price level more bullish momentum will build up on 1D TF and then Gold could break out bullish.
TP1@ €1279.- (slightly below Fib 1.272 extension); TP2@€1295.- (@ Fib 1.618 below violet resistance line).
Bearish short-term scenario is that the sym triangle breaks bearish to the downside to the support level at around @1221.-
Consolidation will follow but bears will win on higher TFs (check 1W candle stick chart)!
Lets see how this will play out...
WARNING:
I´m not a financial advisor. For educational purpose only!
XAU/EUR - Sentiment analysisGold has broken the €1245 resistance and has tested Fib 0.786 resistance at €1273.-
Sentiment is bullish but has still not reached resistance levels. Also ADX shows that there is still strong bullish power which could lead to short-term raise in Gold price to the 0.888 Fib level (€1322 - 1327).
The Dow is currently trying to break through it´s overhead trend-line resistance €27420-27460.
If the Dow does not have sufficient strength to brake trough this resistance line then this could lead to an extended rally in Gold.
However, latest COT report indicates that commercial traders are already net short and that small / retail traders are net long which is a bearish signal.
Next few days will tell us in which direction the DJI is going and what that means for the Gold price.
Short-term I´m bullish/neutral, intermediate term bearish and long-term bullish on Gold.
XAU/EUR - long-term analysisGold is in a strong uptrend since the bullish Gartley, WaveTrend oscillator, MFI, RSI and stochastics oscillator indicated a perfect long-entry at around €1000.- on Oct 2018.
Price actions shows that Gold is currently in an impulse wave 5 which will end soon and turn into a ABC correction which should find support in the between €1111 and 1070.- in 2020 (Fib 0-618 - 0.786).
Price should find long-term support on bullish order blocks which were formed over the past few years between €1100 - 1070 which is a perfect accumulation zone for long-term Gold investors.
A short-term long opportunity for swing and day traders could be between 30 MA and Fib 0.5 between €1180 - 1143.
Volume profile also indicates HVN @ €1170 - 1155.
Short and intermediate term I´m bearish on Gold, however long-term I´m bullish due to the golden cross 50/100 MA!
XAUEUR, Buy on H4**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions, -
XAUEUR LONGStay Long on this incredible BUTTERFLY BEAR pattern. The reversal of this harmonic pattern will be awful, sadly.
Have a good trading day!
Trading Mickette from Germany ;-)
