XAU - Do you trade pullbacks right?
Updated
XAU is definitely in a bullish momentum. My bet it will go sideways from here to the east.
I am using this opportunity to buy the pullback to sell it at the top. This goes in conjunction with my vision on DXY and Indicies.
Pullbacks are the easiest way to make money. But there are questions: how you identify the fair price value area? How do you execute a trade? Where do you place your stop-loss? How do you find your profit targets? How do you scale up in a trade?
If you can answer all these questions without a single doubt - you use strategy right. If not- you have to learn and not from youtube videos, but from someone how already had success in trading.
Back to GOLD.
I think 2036 / 2017 is the perfect area to open a long position from my point of view.
I am using this opportunity to buy the pullback to sell it at the top. This goes in conjunction with my vision on DXY and Indicies.
Pullbacks are the easiest way to make money. But there are questions: how you identify the fair price value area? How do you execute a trade? Where do you place your stop-loss? How do you find your profit targets? How do you scale up in a trade?
If you can answer all these questions without a single doubt - you use strategy right. If not- you have to learn and not from youtube videos, but from someone how already had success in trading.
Back to GOLD.
I think 2036 / 2017 is the perfect area to open a long position from my point of view.
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Wow, that was badass!
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