Gold has gone up recent days, however, I consider that is a correction of downtrend. The recommended short area for me is around 1278-1280 when price reach the trend line (note that stop loss above the trend line). On the other hand, if the price break the trend line to form a new trend we could consider long XAUUSD.
I often use trend analysis because I love making trading simple.
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I often use trend analysis because I love making trading simple.
Merry Xmas everyone, have a nice holiday!
Check out my instagram: instagram.com/forex9999/
Trade active
XAUU did break the trend line I mentioned, hope you guys bought on the breakoutTrade closed manually
Closed my long positon at 1300
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Follow me on Twitter x.com/hoathanh274
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.