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XAUEUR trade ideas

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
POTENTIAL LONG TRADE SET UP FOR XAUEURPair: 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 indicative of future results. Trade Responsibly! #TheTradingAmbience
OANDA:XAUEURLong
by TheTradingAmbience
2
XAU/EUR-İnterest Rate Increase(Daily)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 shared more detailed macroeconomic comments in the previous posts, you can take a look. *Note: The reason why we examine XAU/EUR is to have a better idea of ​​the state of gold. Before buying an instrument, it will give you more insight into its charts with other currency pairs. When we examine the price chart on a monthly basis, The price is very close to the upper channel line, which is a major resistance for the price. When we interpret the price according to the elliot wave pattern. It corrects the previous rise. I think we are now in B bullish on this corrective move. After low as low as $1650 last June, it closed the month with a strong doji candle formation. *In candlestick formations, if the price holds above 1/3 of the needle, an increase is expected. For this reason, pullbacks to $1650 levels can be considered as buying opportunities. When we examine the price chart on a weekly basis, When the price broke the downtrend line upwards, it got a strong downward reaction from the $1760 resistance.(pls resacrch pullback-back test) This week is selling hard.1675-1703 support levels. The price could retrace to the 0.382 fibonachi level. I expect an upward reaction from these regions. The price appears to have completed its descending wedge correction. When we examine the price chart on a daily basis The reason for the hard sales in the short term is the hawkish statements from the ECB. The price may pull back to the 0.236-0.382 fibonachi levels. The price can oscillate between 1750-1650 for a long time. This may give us a trade opportunity. The price is trading hard after 5 waves of uptrend. I expect DXY to drop after the ECB's tough rate announcements at the next meeting. So XAU/USD might be a better choice.
FOREXCOM:XAUEUR
by ICE-Forex
1
XAU/EUR-İnterest Rate Increase(Weekly)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 shared more detailed macroeconomic comments in the previous posts, you can take a look. *Note: The reason why we examine XAU/EUR is to have a better idea of ​​the state of gold. Before buying an instrument, it will give you more insight into its charts with other currency pairs. When we examine the price chart on a monthly basis, The price is very close to the upper channel line, which is a major resistance for the price. When we interpret the price according to the elliot wave pattern. It corrects the previous rise. I think we are now in B bullish on this corrective move. After low as low as $1650 last June, it closed the month with a strong doji candle formation. *In candlestick formations, if the price holds above 1/3 of the needle, an increase is expected. For this reason, pullbacks to $1650 levels can be considered as buying opportunities. 💥When we examine the price chart on a weekly basis, When the price broke the downtrend line upwards, it got a strong downward reaction from the $1760 resistance.(pls resacrch pullback-back test) This week is selling hard.1675-1703 support levels. The price could retrace to the 0.382 fibonachi level. I expect an upward reaction from these regions. The price appears to have completed its descending wedge correction.
FOREXCOM:XAUEUR
by ICE-Forex
XAU/EUR-İnterest Rate IncreaseSuch 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 shared more detailed macroeconomic comments in the previous posts, you can take a look. *Note: The reason we're reviewing XAU/EUR is to get a better idea of ​​the state of gold. Before buying an instrument, it will give you more insight to have a look at its charts with other crosses. When we examine the price chart on a monthly basis, The price is very close to the upper channel line, which is a major resistance for the price. When we interpret the price according to the elliot wave pattern. It corrects the previous rise. I think we are now in B bullish on this corrective move. After low as low as $1650 last June, it closed the month with a strong doji candle formation. *In candlestick formations, if the price holds above 1/3 of the needle, an increase is expected. For this reason, pullbacks to $1650 levels can be considered as buying opportunities.
OANDA:XAUEURShort
by ICE-Forex
GOLD and other metals now is a safe heavenHi 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 falling because of inflation and DXY is rising because of trust of dollar, trust dollar only because interest rate up, that means more valuable dollar, because interest rate compensates inflation It says alot about dollar. FED does not have any choices than rise rates, which means stronger dollar and bancrupting companies. Please remember that Buffet holding a lot of cash, guess for what? Yes inflation is destroing him billions in cash, but we and businesses pay for the inflation in advance and this is how he will recover and will make more by investing in stocks maybe crypto and other assets. Many people whould love to be in Buffet situation at the moment when having much of they wealth in dollars (I mean not having billions, but having most of your wealth in dollars), because FED is your friend today. Dollar will colapse for sure, but it does not say anything, everything would say if we know when it will happen. I guess the key moment will be US election in 2022 autumn ... Thanks
OANDA:XAUEURShort
by Tadf