How To Trade A Trend Instead Of Catching A Falling Knive

TVC:GOLD   CFDs on Gold (US$ / OZ)
Hello friends,
it seems like many successful traders fail to determine a proper entry for either a short or a long position.
Please use the tips on the chart to avoid further losses by trying to catch a falling knive.

The price of Gold ( XAUUSD ) made a breakout of a bull-flag/ ascending channel on the daily. The price action we currently see
might be a re-test of the trendline (as per many idea here on tradingview). But this could also be a simple fakeout, followed by a mid-term trend
change (on the daily in this case).
Nontheless - read the chart and forget any previous predicition you had. Try to rely only on numbers, indicators and a trend.
This will save you A LOT OF CASH! :-) Trust me

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you are making a good point
+1 Reply
+1 Reply
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