Day trading strategies on GOLD by AzaForex forex broker

FX:XAUUSD   Gold Spot / U.S. Dollar
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Some helpful advice if you are entering the forex market.
The day before yesterday we recommend our readers to buy Gold in the breakdown of the resistance level . Our trading recommendation for trading the precious metal was right and we were able to make good money, while having increased his trading account. Apparently, in the Forex market, trade with this tool there is optimism of traders on a further rise in the Gold price. If the foreign exchange market offers opportunities for earning. That they should be used. As you can see, our trading recommendations based on trading with the trend. Often such trading strategies are much more profitable than the counter trend trade. Perhaps the time is we are seeing on the chart, Gold will continue to grow until it stops against the weekly resistance level . But before this level is still far we can try again to enter the market, that would earn more money. Until the train goes, and to stop far away need to drive it and not try to stop him.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend .
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 1376
• The level of profit and close the position: 1389 (2300 pips)
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