XAUUSD Gold Chart Analysis January 3rd

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I will begin XAUUSD Gold Chart Analysis for January 3rd






This is 30m candle chart for USDCHF.

It was short position strategy.
The price went down about 268 from the blue finger pointer.

For those who study FX margin trading should remember one thing.

This has a strong trend. So rather than doing the opposite trading, you should follow the trend.

This means, the entry point is important.

According to cases, there are few items that you should refrain from opposite trading.






This is XAUUSD Gold Chart Analysis.
This is 30m candle chart.

This has a strong uptrend.
So you should not obey by the chart analysis as it is.
What you should always remember is to set stop-loss tight and do the trading.

Gold tends to have strong trend.

Recently, there has been uptrend signal in weekly candle chart.

For those who lost chance of getting in long position must be regretful now.

However, getting on the lane late is like jumping on the running train.
So you should always remember to keep the principles.

Today there are pretty much chance that the analysis can be different from as it will be.

But if you recognize the pattern, and despite uptrend, if you do the trading based on your plans, you can also get profit from short position.


It is very hard to analyze when the trend is very strong.

Moreover, we are at now when gold is recording new highs.

So it can be very hard to analyze.

For today’s analysis, it is better to see the entry points and timing. The route can be wrong but if you understand the patterns, you will do a good trading.

This is it for today.

Hope you have a restful weekend.

Thank you.


(Translation
Jae Ho Shin)