My Trade Plan:
As I said in my all analysis, my Gold trade tied up with USD index ( USDX chart ) . Both will react vise versa direction + closely follow up US economy news to avoid the false breakout.
Remember, not only traders active in the market but also market makers.
Large speculators' preferences still long with XAUUSD. Trade follows the big fish, do not go against them and get eaten by them.
Do own analysis, spend time analyzing before hit the order button.
Don't trade what you think, think about how to trade as per the market moves,
Thanks
As I said in my all analysis, my Gold trade tied up with USD index ( USDX chart ) . Both will react vise versa direction + closely follow up US economy news to avoid the false breakout.
Remember, not only traders active in the market but also market makers.
Large speculators' preferences still long with XAUUSD. Trade follows the big fish, do not go against them and get eaten by them.
Do own analysis, spend time analyzing before hit the order button.
Don't trade what you think, think about how to trade as per the market moves,
Thanks