XAUUSD 20-24 April 2020
Monthly Chart is uptrend.
Weekly Chart is uptrend also.
Daily Chart shows some consolidation might happen or downtrend in short term after breaking the higher high last week.
It will need to find some ground to build the foundation and momentum to go up higher.
In hourly chart, the it might go down for the short term.
So please look at the time frame that you want to trade.
Trading is a how well you control your risk and grab the most reward as much as possible.
Remember, you will need to control your own risk by setting the stop loss.
The reward will take care of itself.
To be successful in trading, look at the chart. Select the time frame you want to make your decision about when to open your position and where your stop loss should be.
Once a plan is formed, follow it.
It is part of trading discipline.
Weekly Chart is uptrend also.
Daily Chart shows some consolidation might happen or downtrend in short term after breaking the higher high last week.
It will need to find some ground to build the foundation and momentum to go up higher.
In hourly chart, the it might go down for the short term.
So please look at the time frame that you want to trade.
Trading is a how well you control your risk and grab the most reward as much as possible.
Remember, you will need to control your own risk by setting the stop loss.
The reward will take care of itself.
To be successful in trading, look at the chart. Select the time frame you want to make your decision about when to open your position and where your stop loss should be.
Once a plan is formed, follow it.
It is part of trading discipline.
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