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Gold Spot / U.S. Dollar

XAU/USD GOLD BUY - Risk Management

By Govv510
XAUUSD

1. There was clean clean candles to the left

2. was waiting for a candle close above the resistance in 30m TF as its a strong confirmation

3. took a buy when the new 30m candle broke the high of the previous 30m candle.

4. but price moved down and closed 50% when the 5m candle closed bearish and full position as price continues retacing.

5. Looking back at the chart, the 1hr did not close above the resistance.


Candlestick AnalysiseducationalForexforexeducationGoldgoldtradinggoldtradingstrategyMultiple Time Frame AnalysisTrend AnalysisXAUUSD

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