Hello guys, welcome to this analysis on XAU-EUR. As you can see on the chart it appears like Gold has made a distribution pattern since April that got confirmed by a high volume markdown below 1523 last week. The round arching formations above the 1520 level are usually an indication of weakness and distribution. This can be confirmed by the bearish divergence...
Updating our previous post but so far it's shaking out just as we predicted. Bullish Leg 1 = completed Bearish Leg 2 = completed Bullish Leg 3 = completed Bearish Leg 4 = completed Big Bullish Move Expected Leg 5
ZOOMING IN ON PREVIOUS JUNIOR GOLD MINING TECHNICAL ANALYSIS
XAUEUR 4h analysis Looking for a bearish movement to next possible support area
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In the XAU/EUR chart above we can see the price making a corrective structure. I'm waiting for the price to retest the confluence level to go short. This pullback is in line with pullback I'm expecting on XAUUSD to go short as well.
Hello Traders, It seems to me that XAUEUR, has a pattern on 2310-2315 days it has a bullish movement. Trade Safe
Looks to be in a channel right now through to mid Feb, after that we may see some correction. If it is, both sides could play the range and make healthy profits. but bulls can hold their positions longer. Weekly chart:
Is this a bullish pennant or just a symmetrical triangle? Up or down? Decision time for gold! Indicators @ 1D TF: Dissipation of bullish momentum on squeeze momentum indicator Stoch RSI also does not look bullish anymore. Indicators @ H4 TF: Bullish momentum on squeeze momentum indicator MACD bullish crossover Stoch RSI = bullish Wave trend oscillator =...
Due to fundamental reasons (Iran conflict, trade tariffs and currency #wars) there is a strong demand for #safe-haven #assets like #Gold, #Silver and #Bitcoin. If the wave count in the chart is correct Gold has started a new impulse wave (wave 5) which has reached a new ATH on the EUR chart yesterday on January 5th 2020. On Dec 23th the Wave Trend oscillator...