Gold XAUUSD

26 août 2020

Overall longer term is BULLISH - short term bearish

The nature of these trades - i am taking a small lot size and trying to find the demand supply zones for entries. May not activate as gold is ranging right now, and not trending on anything less than 4h timeframe

Always use a stoploss - max 2-3% risk

Another word of advice - be patient for your entries- I started entering buys from 1936, 1925, 1919 as these were alternative fib retracements. In hindsight, should have just waited for a good entry on the 61-78 fib

I have also found that gold moves are more volatile than currency

All the best - no signals here - just trade ideas

27 août 2020

Note

NOTE TO SELF- Be patient. If I wanted for demand zone between 1890-1905 I would have had an excellent entry. Regardless the trade idea worked well, though pm chart the SL is set slightly higher than I set mine (1899)

2 sept. 2020

Note

The overall idea works.. only the small details like sl needs to be managed. This strategy will work on 1/2 % risk trades

3 sept. 2020

Note

If in sells, take partial profits and move to breakeven.

Price seems to be reaction to longer term trend line (red dotted line). So may retrace and consolidate