Intro: I am using my personalized setup for trading. My charts are clean and easy to read. This strategy is solely based on previous trading day's price action compared to todays price action. I do not need to analyze a lot before entering a trade but await trading signals, which are limited to 1 signal per day using the same time of the day. Naturally there...
With little direction in the USD, I expect gold to stay in a fairly narrow range the coming days. Gold is consolidating around the POC line and gives us no clear direction. I would only take a position when the price is moving away from the POC line (long or short) using tight stops above and below the POC line. Alternatively I would look at previous days...