XAU/USD Vs XAU/EUR

XAU/USD is the same financial instrument as EUR/USD while XAU/EUR is the same financial instrument as USD/EUR. Together we have EUR/USD Vs USD/EUR.

XAU/EUR dropped 25 points today while XAU/USD rose 26 points. EUR/USD today traded 92 pips while Gold as EUR and USD traded 26 points or 28% of EUR/USD. Always view XAU to trade 1/3 of EUR/USD on any given day.

What I never understood is traders and trade services don’t understand such things nor has trade crowds found enough curiosity to investigate.

By trading XAU/USD and XAU/EUR together, 2 trades are available everyday. As XAU/USD tops then XAU/EUR bottoms then comes reverse longs and shorts for more profits and continuous trades.

26 and 25 points allowed for 51 available points. Here’s 2 trades for the next 24 hours.

XAU/USD

Long above 2014.95 to target 2032.30

Short 2032.30 to target 2028.30

Short below 2014.95 to target 1997.59

Long 1997.59 to target 2001.60

XAU/EUR

Long above 1836.72 to target 1853.39

Short 1853.39 1849.55

Short below 1836.72 to target 1820.04

Long 1820.04 to target 1823.89

Brian Twomey