DaSpalla

GOLD is confusing, the only thing one can do is..

FX:XAUUSD   Gold / U.S. Dollar
125 1 1
I have to say this week MA does not work, HNS does not, Stochastic becomes rather unreliable..
One can do best is to trade 'within corridor' of hawkish trend. Using support and resistance line we can determine when to buy or to sell.. but be careful there is Bullish divergence pattern make sure to put stop loss for those who take sell position once the price hits resistance 1260 - 1263.

Trade active: Buy at current price of 1253 (7:00pm at Jakarta GMT+7)
Target 1260
Trade closed: target reached: Target Reached! $$$$$$$$$
Trade active: We are breaking the triangle, now to confirm a breakout one must wait for a candle to close above it.
The usual effect where USD movements always reversal against Gold.
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out