GOLD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Goldstratgy
gold : butterfly pattern on 1 hour chart be carefull from this sell pattern , it can push gold down to sma200 daily (fibo 50%)
prnt.sc
exclent NFP on friday will effect ,push down gold in coming days
if you want buy, wait gold go down (dont buy now or near high )
if you have old sells , you must close all or hedge in 1805 and add buy in 1796
1000 time advice=still looking buy in deep hold 3-5 day to high (with sl in low)
W shape coming on gold big zigzag can comes , gold will grow this will to trend (1880) if trend break going down to 1700 will cancell , but 70% on 1880 it will crash again to Ema200 daily , if can break this ,will go down to 1700-1650,we will buy for long term ther so ,black trend line under 1900 is very important for this week ,break=new+ trend ,cant break=crash
technicaly AC(or you can use stoch 5.3.3 simple) show gold will grow
SECRET=AC in 60min and 1440min is important,when in daily chart AC is green never sell,looking for buy ok??? , in 1hour AC goes down,full red,buy gold) or put buystop on 15min last high
sl=last low in 15min
tp=3*sl or fibo 161%(last down leg)
risk=1000$ max 0.02lot (40$)
sell=reverse of above ,,,you must see 4 sl 6tp and need 3 month practice to find my stratgy secrets,then judge
MANY ASK ME WHAT IS BEST TIMEFRAME FOR TRADE GOLD? H4 is best time for trade gold ,,,you must try to reduce your posation and lot ,,,,increase your wait time when posation in profit ,,,you must wait minimom 2 day (watch h1 and daily too for draw trends,but always watch h4)
use this draw tool for find your target TP = trend base Fibo Expantion 61-100-161%
PRO TRADER REDUCE lot size ,INCREASE TP POINT , THEY USE SL UNDER LAST LOW AND TP=3*SL
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MANY ASK ME WHAT IS BEST TIMEFRAME FOR TRADE GOLD? H4 is best time for trade gold ,,,you must try to reduce your posation and lot ,,,,increase your wait time when posation in profit ,,,you must wait minimom 2 day (watch h1 and daily too for draw trends,but always watch h4)
use this draw tool for find your target TP = trend base Fibo Expantion 61-100-161%
PRO TRADER REDUCE RISK,INCREASE TP POINT , THEY USE SL UNDER LAST LOW AND TP=3*SL
MY STRATGY FOR TRADE GOLD , i trade this from 5 years ago
in 15 min Gold fut (gc1!) or FXCM:xauusd , when AC240min(accelerator occilator indicator) is green ,,only look for buy ok?never sell
when AC30min goes red (down) ,put buystop on last high (when ac30 goes down,full red ,befor turn green you can put buy stop on 15 min candel high)
sl=last low
tp=3* sl or next daily piviot point
trail stop=4$ or 400
dont judge soon , try it 1 mounth on demo,then judje