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VasilyTrader
Jun 17, 2020 1:40 PM

GOLD (XAUUSD) Thoughts & Top-Down Analysis Education

Gold/U.S. DollarFXCM

Description



Key levels and important support and resistance areas explained.
Potential scenarios and appropriate behavior.

Comment

Check new analysis, BRO!)
Comments
playboy421
Excellent, I will be using this for my positions! Thanks Vasily !!
hoangdhxstc
they always buy on dip gold, if you use 1:10 leverage the best things for xau is buy and hold
VasilyTrader
@hoangdhxstc, thank you for comment!
FxSniper_
i hope you like my idea
VasilyTrader
@FxSniper_, good idea!
dollarbill100
Excellent work, thank you Vasily. Key to this trade entry is patience and discipline - I think the breakout will be very rewarding, whether the b/o is long to 1790 or short to 1670 does not matter. Key is patience to wait for market confirmation, for the market to show its hand.
VasilyTrader
@dollarbill100, thank you my friend!!!
Aadil1000x
NICE WORK! yes trade after confirmation is always better. Here is distribution pattern that can give a 1000 pips drop.
VasilyTrader
@Aadil.chand, good outlook!
Refimadon
Thank you, I've been bearish for a few days because I thought it was close to breaking the trendline to the downside and the resistance being tested multiple times and rejecting price was my initial basis on going short, being I the red I assumed drawdown but your lesson was really helpful. I'll close both trades and start again from scratch
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