XAUUSD trading idea
Updated
XAUUSD is in consolidation right now.
I'll be scailing in position if price keep rising untill upper resistance level.
If price reverses in mean time I'm riding position for possible 0,5% profit from current level.
Do not forget that NFP is behind the corner, maybe avoid trading gold in that time if you are not experienced.
Always use TP and SL.
I'll be scailing in position if price keep rising untill upper resistance level.
If price reverses in mean time I'm riding position for possible 0,5% profit from current level.
Do not forget that NFP is behind the corner, maybe avoid trading gold in that time if you are not experienced.
Always use TP and SL.
Note
I'm looking for this trade on short term because tradersare more and more uncertain over the U.S. economic outlook which makes prices of gold prices rise.K
KEEP IN MIND that trading GOLD in next days will be a bit of gamble with high profits and high losses for some. Maybe you should avoid trading XAUUSD till monday if you are not experienced.
Always use SL and TP!!
Trade active
SHORT POSITIONMight scale in more if it goes higher. Got 1952 entry
HAVE TP AND SL in place!
Trade active
Taking portion of profits, always try to set up break even SL if you managed to get good results.On 4H timeframe longer trend line is forming with that price retracement - not confirmed yet.
Trade closed: target reached
Insane trade.All positions closed.
Let's catch new opportunities!
Always remember - trade less but the ones with higher probability.
This is game of probabilities and risk management.
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