TECHNICAL ANALYSIS: If we only see the technical analysis we can see that this pair still continues with its downtrend in high time frames, now if we go a little lower in the 5Minutes time frame we see how it is changing its structure, in 5 minutes we could look for possible purchases in London session, personally ASIA would only be advisable to trade pairs of that session as the JPY as these have the same spread in this time frame. H1 downtrend. 5minutes, we see a change of structure with possible purchases for London.
TECHNICAL ANALYSIS: here the matter gets a little complicated because as it is technical analysis is more to play it by luck without first having investigated in depth where the news will come out tomorrow so it is advisable not to operate pairs of USD in NY (New York). And even if we do a fundamental analysis as such we should place both SL and TP very long either a Risk / Profit of 1.2 or 1.3, this I consider impractical because in a normal day with more probability you can get the same profit and more likely to win.
CONCLUSION: if trading XAUUSD would only be for the LONDON session, the ASIA session as I said I personally do not like it and for NY just watch. 🫡
TECHNICAL ANALYSIS: here the matter gets a little complicated because as it is technical analysis is more to play it by luck without first having investigated in depth where the news will come out tomorrow so it is advisable not to operate pairs of USD in NY (New York). And even if we do a fundamental analysis as such we should place both SL and TP very long either a Risk / Profit of 1.2 or 1.3, this I consider impractical because in a normal day with more probability you can get the same profit and more likely to win.
CONCLUSION: if trading XAUUSD would only be for the LONDON session, the ASIA session as I said I personally do not like it and for NY just watch. 🫡