XAUEURG trade ideas
BTFD!!! (Gold/Euro)Hello Traders!
I am watching XAUEUR closely as it completes its pattern and as it makes its final attempts at a bearish wave, it is a great opportunity to BTFD! lol. Jokes aside, this is a great reversal pattern to take that may prove to be very good. Buy the dip, & buy again at the breakout and retest/correction.
Gold vs EuroNice opportunity to go long on this pare as trendline is broken. Now price is going to break 100MA and should break 200MA also which is coming from previous tops. The possible entry zone could be after breaking 200MA and also resistance zone, closing above 1104.00 with target zones 1125.00 and 1147.00
-Ginvest
GOLD/EUR 1W: Undervalued! Min target 1.150 EUR until End 2017.The strength of the EUR has pushed the gold price down. Apart from this fact, GOLD is undervalued in EUR. Strong resistance at 1.150 EUR.
If the war scenarios continue, a further additional up could be expected. It is also possible that the USD will stabilize against the euro until end of the year. This also makes a stronger up possible.
Let's see what happens. Happy trading. :-)