How to raise the probability of success: XAUUSD Analysis
Feb 27 at 12:56
150 Tampilan
2 Replies
Anggota Sejak Feb 27, 2024
45 pos
Feb 27 at 12:56
(diedit Feb 27 at 13:00)
Hey guys, I've attached a post I sent to my academy members.
https://www.tradingview.com/chart/XAUUSD/g0tacomV-XAUUSD-Multi-Time-Frame-Price-Action-Analysis/
If you look at XAUUSD, there are a series of key technical confluence factors which allow you to assess market value, or how good something is to short based on current rises.
We are down trending long term and touching into key price rejection. I am therefore short lightly. Slight room to 2050 IMO.
Just remember, you cannot pretend that your entries cannot go higher. Although Gold is slowly weakening (lower highs, lower lows) you must associate area with relevant risk.
To be clear:
- Decrease of demand over time after rejection of ATH (Downtrend on higher TFs).
- Key price action levels hit (orders going into the market short, longs starting to liquidate).
- Key price rejection (You can now see lower TF sell bars and rejection for early entry confirmation.
I hope that helps.
https://www.tradingview.com/chart/XAUUSD/g0tacomV-XAUUSD-Multi-Time-Frame-Price-Action-Analysis/
If you look at XAUUSD, there are a series of key technical confluence factors which allow you to assess market value, or how good something is to short based on current rises.
We are down trending long term and touching into key price rejection. I am therefore short lightly. Slight room to 2050 IMO.
Just remember, you cannot pretend that your entries cannot go higher. Although Gold is slowly weakening (lower highs, lower lows) you must associate area with relevant risk.
To be clear:
- Decrease of demand over time after rejection of ATH (Downtrend on higher TFs).
- Key price action levels hit (orders going into the market short, longs starting to liquidate).
- Key price rejection (You can now see lower TF sell bars and rejection for early entry confirmation.
I hope that helps.
Lampiran:
We know nothing for sure. To make money, we don't need to.
Anggota Sejak Mar 23, 2024
26 pos
Apr 24 at 00:52
What will be the next move of the XAUUSD pair?
Anggota Sejak Apr 04, 2023
9 pos
Apr 29 at 09:32
Trade on exotics. I'm afraid to guess what the spread is.
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