FX:XAUUSD   Gold Spot / U.S. Dollar
we have a minor and a major channel in daily.

if we break the minor channel ( break the red line ) heading upwards, we can buy till we head to the top of the major channel and watch for price action there, we will either break the major channel confirming medium term buy or we test the end of the channel one more time heading down.

or

we break the minor channel to the downside and inside of going up first, we go down to the end of the major channel before heading back up again.

remember that this pair is bullish so upside is in favour in general.
Comment: looks like the channel is holding, we shall wait and see, if it keeps holding and heading up, we will buy with our SL right below the channel.
Comment: gold is troll mode aka consolidation, we shall wait for a more clear sign
Comment: Shorting it
Comment: Set SL to B/E
Trade closed manually: out with 20 pips, posting a new chart.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out