Gold has gone up recent days, however, I consider that is a correction of downtrend. The recommended short area for me is around 1278-1280 when price reach the trend line (note that stop loss above the trend line). On the other hand, if the price break the trend line to form a new trend we could consider long XAUUSD.
I often use trend analysis because I love making trading simple.
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I often use trend analysis because I love making trading simple.
Merry Xmas everyone, have a nice holiday!
Check out my instagram: www.instagram.com/forex9999/
Trade active:
XAUU did break the trend line I mentioned, hope you guys bought on the breakout
Trade closed manually:
Closed my long positon at 1300