You can clearly see a reversal and then a impulsive move to a retracement break... but the whole point does it really have a big bullish break or not ?
Always know your basic and then make a move...
I've started trading professionally in November, and what I can say is that trading isn't easy and its also not difficult.
You just need to follow the rules after another.
What do I mean after another ???
If one technique doesn't work, use another and keep it simple. I see alot of trading techniques on Tradingsview idea page and it can be so overwhelming by...
Gold went down crazyy, I'm talking about 1800+ PIPS DOWNNN.(in 17+ days)
Now why did the Gold go down if the DXY is also going down, is it really about the vaccine, I lost 3 trades thinking that it will go back up but nothing, and DXY was indicating me that is going down, so Gold most have go up.
But if you take a good look on the XAUUSD chart you can clearly see...
As i said in my previous post, had a nice boast on the upside journey, but now... is Gold going back down, or is it just a big retracement and then up again, you can short, or wait for the short to be over, and go long.... Gold is all about patience and having a good trading plan
again DXY going up, means Gold going down.
I saw that the gold respected my key levels, and I'm still going long, but DXY also going long.....But the correlation rule says:( DXY= UP) = (Gold+DOWN)
Soo take your profit, wait for the Gold to hit low and then buy
