FullTimeTrader
Long

GOLDEURO-nice long opportunity

FX_IDC:XAUEUR   GOLD / EURO
479 2 16
Everybody is looking at USGOLD now, here i found a clear long term opportunity to buy gold             .

This setup is also supported buy Elliott Waves but i think the technical analysis is enough.

Looking at W1 chart we have:

- Price bouncing from trendline support
- 0.61 fib retracement
- bullish hidden divergence
- AB=CD pattern (weekly)

snapshot


Here on D1 chart:

- bullish divergence
- another AB=CD pattern
- strong structure
- typical false breakout (this setup offers a R/R at least 1 to 2)
- engulfing bullish candle
- 1.61 fib projection

Best regards.


Comment: first target reached
This is my fav pair of gold and now I will be going short from here...Regards
Reply
love it
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out