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Gold-trend

AUDUSD STILL HOLDING AT + 11% / 130+ PIPS ! Depending on your strategy if you took this trade you could of banked +176 PIPS from TP1 + 2 + 3 or still be holding your trade and running at circa 11% gain based off 1% account risk. OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by RossTyler
Will the gold correction continue?After a rapid decline at the beginning of the week, the price managed to stabilize and return to $1950 level. However, this rise does not seem to have the strength to continue. The most likely scenario at the moment here is to see at least a test of the previous bottom, and very likely a breakthrough. The support levels are: 1907 1880 1850 Lowering the price to these and lower levels will allow for long-term buy! What are your expectations? Support us by liking and commenting.
FX_IDC:XAUUSDShort
by ForexTrendline
4
XAUUSD Daily Forecast 13th March 2020We are currently up-trending, 2 day is a double reversal day to me which means... we had the big move down in the early hours followed by the reversal upwards trend which we are in now, because it’s gone up so high and so early in the day I’m expecting this upwards trend to break near the US opening, just like yesterday. This would be reversal number 2 which should continue for the rest of the day. I’m expecting price to go below 1550, more accurate levels to come. So I’m expecting it to follow upwards trend for abit longer then drop near us opening
OANDA:XAUUSDShort
by RidingTheWaves