In this chart we see a solid movement downwards from a channel and then a failed attempt from the market to enter a range and instead entering into a double triangle pattern.
Use 30 minute time frame for better entry and always wait for retests.
Pair: XAUEUR
Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections
Directional Bias: Long
Type: Swing.
Entry: Reversal Patterns & Continuation Corrective Structure on the LTF's.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not...
Such a scenario is likely to happen.
The reason is high inflation and recession.
It is not possible to suppress inflation with interest rates in a short time, this is a process.
In the near future, we may see sharp interest rate hikes on the ECB side as well.
This process seems to take a long time because inflation figures are at the peak of the last 40 years.
We...
Such a scenario is likely to happen.
The reason is high inflation and recession.
It is not possible to suppress inflation with interest rates in a short time, this is a process.
In the near future, we may see sharp interest rate hikes on the ECB side as well.
This process seems to take a long time because inflation figures are at the peak of the last 40 years.
We...
Such a scenario is likely to happen.
The reason is high inflation and recession.
It is not possible to suppress inflation with interest rates in a short time, this is a process.
In the near future, we may see sharp interest rate hikes on the ECB side as well.
This process seems to take a long time because inflation figures are at the peak of the last 40 years.
We...
Hello,Traders!
XAU-EUR or the Gold price in Euro
Broke the key horizontal level
Which makes us bearish biased
And thus we are expecting
Further bearish move down
After the pullback and retest
Of the broken level
Sell!
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According to my strategy, they have to form a 3rd level for M15 to complete the structure, meaning they'll rise higher to 1764,9. Then retrace back to the zone to test it and gain momentum to break the resistance zone of 1764.9 and then shoot all the way up to the resistance of 1788.0 which is the final Take profit.
The chart is very bearish and to conform with the current momentum, I will try to sell XAUEUR if it pulls back to the purple resistance and ride it down to support trend line.
Risk = 1.2%
RRR = 1.5 to 1.6
Hi
I am glad I put some of my money from crypto to silver few months ago for days like these.
Now situation is not how to make money but how to safe current wealth. In the chart we can see that DXY is rising and Gold is rising, when usualy
DXY up, gold is down, but this time is different because of inflation, not because of healthy economic factors. GOLD is not...
