The reason why we trade based on technical analysis not because it is cool, but we believe that past records is an indicator of the future.
Simple price action strategy in place as you can see that Gold has reached its last high at around 1263 and dropped to around 1190 the previous time.
We shall short based on this.
Gold is rather volatile so I would recommend to have more space for Stop Loss.
Good luck to all.
Simple price action strategy in place as you can see that Gold has reached its last high at around 1263 and dropped to around 1190 the previous time.
We shall short based on this.
Gold is rather volatile so I would recommend to have more space for Stop Loss.
Good luck to all.