DLavrov

Gold Trade Examples

FX:XAUUSD   Gold/U.S. Dollar
Let's look at Sunrise TS             performance and how we could make profit trading Gold             . We had 3 signals for opening 1 long and 2 short trades.

Trade Signal 1 - price reached the support level 1200. It was a good place for possible price reversal. We got bullish divergence and it was a signal that down trend was over. Entry level had to be above the high of the bullish candle with close price above Kijun. Our pending orders were not activated, because after the signal candle we saw price reversal and down movement.

Trade Signal 2 - price bounced from Kijun and gave a signal for opening short trades. Entry level was below 1212.50 with target near the support level. Also we could use trailing-stop orders for exit.

Trade Signal 3 - price broke the support level and we saw down movement to 1170 level. After that price came back to Kijun and gave a new signal for short trades. Price reversal was confirmed by RSI and DMI             allowed open short trades. Entry level was below 1190 with target 1170.
hubavka
7 days ago
Well done Lavrov.
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DLavrov TOP hubavka
7 days ago
@hubavka, thanks )
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