GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) | Metals Mine

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Attachments: GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)
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GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)

  • #1
  • First Post: Jul 14, 2019 11:35pm Jul 14, 2019 11:35pm
Hi guys,

Just thought it befitting to setup a forum where we can discuss and post about other Gold crosses that may or may not be forgotten

Main focus will be on the XAUEUR cross but not limited to it. The XAUUSD cross has some great moves too. But brokers spreads on it a little high so I rarely trade it but still keep monitoring the moves.....


Let's get the discussion rolling!
4&1 All Time Profit: $37,496
  • #2
  • Jul 14, 2019 11:44pm Jul 14, 2019 11:44pm
First buy order on the cards for this pair is at :
1248.40
SL slightly below 1240.

So long as we stay below the 1253, buy orders from a lower point as per above should get filled.

Trade safe
4&1 All Time Profit: $37,496
  • #3
  • Jul 15, 2019 1:15am Jul 15, 2019 1:15am
Good idea MzansiObi. I have access to Gold/EUR via my contest demo. I just placed a short position at 1254. I've have a stop at 1256. Target is 1252.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #4
  • Jul 15, 2019 1:56am Jul 15, 2019 1:56am
Quoting EventsTrader
Good idea MzansiObi. I have access to Gold/EUR via my contest demo. I just placed a short position at 1254. I've have a stop at 1256. Target is 1252.
Yeah bud, I see some bearish divergence creeping in.....hopefully you sellers let it drop enough to get my long orders filled..... If I were to sell I'd get in on 1260.6 looking at what seems to be a range in four hourly......
4&1 All Time Profit: $37,496
  • #5
  • Jul 15, 2019 10:24am Jul 15, 2019 10:24am
Quoting EventsTrader
Good idea MzansiObi. I have access to Gold/EUR via my contest demo. I just placed a short position at 1254. I've have a stop at 1256. Target is 1252.
Did you get stopped out or you managed to get some pip gain on your short?


My buy order was just marginally missed.......
Will probably remove it and look for a manual entry.......Zzzzzzz
4&1 All Time Profit: $37,496
  • #6
  • Jul 15, 2019 11:43am Jul 15, 2019 11:43am
Quoting MzansiObi
{quote} Did you get stopped out or you managed to get some pip gain on your short? My buy order was just marginally missed....... Will probably remove it and look for a manual entry.......Zzzzzzz
I got stopped. But I opened three positions and took some profit off the table on two of them. Winded up with a small loss overall. How'd you do?
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #7
  • Jul 15, 2019 1:31pm Jul 15, 2019 1:31pm
Very interesting thread MzansiObi! In your experience, how well do XAU/EUR and XAU/AUD respect support and resistance?
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #8
  • Jul 15, 2019 2:50pm Jul 15, 2019 2:50pm
Quoting Ef5
Very interesting thread MzansiObi! In your experience, how well do XAU/EUR and XAU/AUD respect support and resistance?
In essence, they are correlated with the USD cross.

Just enjoy the volatility and swings during the Asian session. And around news releases focusing on the EUR or AuD curremcies.....

Will be worth keeping an eye on XAU/AUD later with the data release....
4&1 All Time Profit: $37,496
  • #9
  • Jul 15, 2019 2:54pm Jul 15, 2019 2:54pm
Quoting EventsTrader
{quote} I got stopped. But I opened three positions and took some profit off the table on two of them. Winded up with a small loss overall. How'd you do?
It helps banking some in the greater scheme of things doesn't it. Good thing you banked. I'm still flat on this cross.

Pending buy didn't get filled will look to sell from higher up now.....1260/61
4&1 All Time Profit: $37,496
  • #10
  • Jul 15, 2019 3:08pm Jul 15, 2019 3:08pm
Quoting MzansiObi
{quote} It helps banking some in the greater scheme of things doesn't it. Good thing you banked. I'm still flat on this cross. Pending buy didn't get filled will look to sell from higher up now.....1260/61
I'm with you now. I'm looking for an entry to go short.

If it can't break 1258, time to go short IMO.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #11
  • Jul 15, 2019 3:23pm Jul 15, 2019 3:23pm
Quoting EventsTrader
{quote} I'm with you now. I'm looking for an entry to go short. If it can't break 1258, time to go short IMO.
I wanna see it go higher to be honest, try a minimize the DD.......so if it don't get to my level then so be it.....I was tempted with pulling manual long when buy order was missed, but opted to stay out instead.....
4&1 All Time Profit: $37,496
  • #12
  • Jul 15, 2019 3:26pm Jul 15, 2019 3:26pm
Quoting MzansiObi
{quote} I wanna see it go higher to be honest, try a minimize the DD.......so if it don't get to my level then so be it.....I was tempted with pulling manual long when buy order was missed, but opted to stay out instead.....
I'm on a demo and going for it. Shorted right when it failed to break 1258. Target 1256 but could take profit earlier. Tight stop at 1260.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #13
  • Jul 16, 2019 2:46am Jul 16, 2019 2:46am
XAUEUR

  1. still range bound on hourly chart.

  1. But am noting a bit of a potential bear flag or rising wedge froming on the 4hourly....so while RSI still pointing up, am thinking we could see price push up to the upper band of the wedge where RSi gets into that overbought territory and look to get short orders filled and see a retest of the lower band or break out,of course if it keeps tracking higher and closes outside that band will revise.

  1. The daily chart RSI is pointing lower and that bearish banger candle is signal that sellers are interested in those levels...hence the patience.....all on all will wait to track higher and pull the hammer....no rush.....

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4&1 All Time Profit: $37,496
  • #14
  • Jul 16, 2019 8:41am Jul 16, 2019 8:41am
Quoting MzansiObi
XAUEUR still range bound on hourly chart. But am noting a bit of a potential bear flag or rising wedge froming on the 4hourly....so while RSI still pointing up, am thinking we could see price push up to the upper band of the wedge where RSi gets into that overbought territory and look to get short orders filled and see a retest of the lower band or break out,of course if it keeps tracking higher and closes outside that band will revise. The daily chart RSI is pointing lower and that bearish banger candle is signal that sellers are interested in...

1260 short filled.....will hold onto it for a while me thinks .
4&1 All Time Profit: $37,496
  • #15
  • Jul 16, 2019 2:29pm Jul 16, 2019 2:29pm
Quoting MzansiObi
{quote} 1260 short filled.....will hold onto it for a while me thinks .
Good call. I'm looking at a possible short entry. It's looking bearish.

UPDATE: took a short position. A small one. Tight stop and will probably take profit unless I see it going to his my target at 1250. Conservative trade.
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We must learn who is gold, and who is gold plated
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  • #16
  • Jul 16, 2019 5:16pm Jul 16, 2019 5:16pm
Got stopped out but re-entered short here at 1253.6. Tight stop at 1255.5 and I'll let it run to about 1251.5. Make back some of those losses earlier.
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #17
  • Jul 17, 2019 12:49am Jul 17, 2019 12:49am
Quoting EventsTrader
Got stopped out but re-entered short here at 1253.6. Tight stop at 1255.5 and I'll let it run to about 1251.5. Make back some of those losses earlier. {image}
This thing may dive deeper than your projected target.....am looking to trail and ladder down with it as it goes down....looking at a drop atleast into the 1240/38 area....
4&1 All Time Profit: $37,496
  • #18
  • Jul 17, 2019 8:02pm Jul 17, 2019 8:02pm
Quoting MzansiObi
{quote} This thing may dive deeper than your projected target.....am looking to trail and ladder down with it as it goes down....looking at a drop atleast into the 1240/38 area....
What a day for gold. Luckily I had car problems and was away from the PC. The spread on the Gold/EUR is tough. I just went long. I'm thinking it's going to breakout and hit some new highs.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #19
  • Jul 18, 2019 12:23am Jul 18, 2019 12:23am
Quoting EventsTrader
{quote} What a day for gold. Luckily I had car problems and was away from the PC. The spread on the Gold/EUR is tough. I just went long. I'm thinking it's going to breakout and hit some new highs.
Yeah bud.....what a day for Gold.....
Truly has just rallied for a bit.. but remaining composed and collected......did have some major DD but am just a couple of pips away from my initial entry point.


We need to tree carefully. Longer time frames more esp daily, still hinting at bearish divergence.....so will keep/remain patient
4&1 All Time Profit: $37,496
  • #20
  • Jul 18, 2019 12:49am Jul 18, 2019 12:49am
Quoting MzansiObi
{quote} Yeah bud.....what a day for Gold..... Truly has just rallied for a bit.. but remaining composed and collected......did have some major DD but am just a couple of pips away from my initial entry point. We need to tree carefully. Longer time frames more esp daily, still hinting at bearish divergence.....so will keep/remain patient
I actually did alright trading Gold/EUR. It was the Gold/USD that blew up my demo. I didn't have any live positions in gold or any metals and don't plan to this week. I'm long the USD up until the FOMC rate expectations change. I see upside potential capped for gold, which makes it tough given it's trying to breakout to new highs. I wouldn't be shorting it but my USD position contradicts going long. Very tough market. When I don't know what to do, I do what I do best. Nothing.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
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