Does technical analysis really work in Gold trading?
In this article, we will discuss whether the traditional, classic methods of technical analysis: support and resistance, breakouts, patterns can be reliable in this specific market.
We will explore the dynamics of Gold prices so far this year and discuss the most efficient way to trade Gold.
So if you...
If you trade Gold with fix lot, I prepared for you a simple manual how to calculate the best lot size for your XAUUSD trading account.
Step 1
Find at least the last 10 trades that you took on Gold.
Step 2
Measure stop losses of all these trades in pips
Step 3
Find the trade with the biggest stop loss
In our example, the biggest stop loss...
There are 5 important things that you should analyze on Gold on a daily time frame to accurately predict long term, midterm and short term movements.
In this article, I will share with you a step-by-step guide for daily time frame analysis that you can apply on Gold or any other financial instrument.
1 - Identify the market trend
When you analyze a...
If you want to trade Gold, but you don't know what strategy to trade, I prepared for you the list of 4 simple and profitable gold trading strategies.
Please, note that my list includes the indicator, swing, price action and smart money strategies, so you will certainly find the one that suites you.
Also, all the strategies will be strictly structure...
