Short XAUUSD if only the rules are met as shown
I would like to make you aware that Gold is currently trending downwards overall despite the spike to the upwards that we just witnessed. If you look at the chart you will notice that during the downtrend gold tends to spike upwards to touch the 50MA and dump from the. I am expecting to see gold moving up into the 50Ma and out of the 50Ma with 4 hrs candle confirming a sell, I will then sell, I prefer to wait till it dumps to 1800 then take the sell, but do so if only the rules apply. Let me give you a risk management tip/ money management. Use risk/reward ratio of 1:3 and you will never lose, by 1:3 I mean if your SL is at 1, your tp is at 3. say maybe you have 6 pairs open and 4 of them hit stop loss, say maybe per SL hit you lose 10 dollars, meaning per gain is 30 dollars, so if you lost to 4 pairs you would have lost 40 dollars and 2 pairs hit tp you won 60 dollars so your net gain is about 20 dollars and you keep doing it everyday you will surely gain
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