Gold How to Trade in May 2021 (XAUUSD) - Analysis & Trading PlanTraders, Gold is now at a crucial and slightly confusing point but can has huge trading potential as it is approaching 1800 levels.
Here are the bias:
1. Yearly Time Frame: Bullish But A Bear Cases Is Present Due To W pattern Completion
2. Monthly Time Frame: Bullish Due To Candle Stick Pattern Formation
3. Weekly Time Frame: Bullish But Consolidation May Occur Along With Spikes & Stop Loss Collections
4. Daily Time Frame: Consolidating & Signs Of Further Weakness
5. 4H Time Frame: Consolidation But Good Short Term Day Trade Opportunities Are Present
The analysis has further full in-depth coverage.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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