XAUEURG trade ideas
XAUEUR short on daily chartXAUEUR short on daily chart
Stop Loss = 1636.15
Entry Order = 1587.15
TP1 = 1538.15
Two positions with the same stop loss and x1 target for the first position
The stop loss of the second position to breakeven when the first position hits the target1.
The second position has no target, only exit
Risk= 2% of account capital (1% each position)
SHORTThe price is in a bearish channel on the 4-hour chart. I want to wait for the price to return to the resistance zone to enter the short trade.
SHORTPrice is on a bullish channel on the weekly chart and is now touching resistance on the channel's bullish trend line. If the price returns to the resistance of 1607, I will enter shorts. I'm going to keep an eye on the value to see if it offers entry. All are odds.
GOLD/EUR Bearish reversal The market was in a previous uptrend in recent weeks, but more recently, the market has been slowing down in it's bullish momentum. It is observed that after the recent swing High and swing Low, (which broke uptrend structure) the market went in an area of Lower High where around and important fib level in which we would seek to sell. I entered at the close of the bearish engulfing pattern and placed stop above it. My Take profit is at an area of likely support where the fib extension is.
XAUEUR 1D | Market Outlook- Bearish continuation - Bearish price movement towards the next support 1559 and 1540 within the next period.
***Comment your thoughts down below! Regards, GoldfXcc Team
xaueur bounces from supportnew resistance at 1630 area and watch the price action if breaks upward will proceed to new history high 1730.
The XAU/EUR formed a good divegence on the weekly chart The XAU/EUR formed a good divegence on the weekly chart for short
I will enter short on the 4H chart
GOLD EURO127 OR 161
Building a case for long position entry, retracement @ 0.168 Fib,not a very strong level.However you can exist @ 127 or 168.
