vandleb
Junior member
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XAUUSDXAUUSD
XAUUSD, H4
XAUUSD, Daily
XAUUSD, Weekly
As what I mentioned last week, I opened a long position in the four hours timeframe and I took profit at the green line. Actually, the reversal appeared in the 15 minutes chart. Thus, in the long term, the gold does not have a clear trend. For the short-term traders, if the gold falls about five dollars first in the next week, it is a good chance to buy gold in the small timeframes. (Always remember that your system also provides the signal.)
XAUUSD, Daily
XAUUSD, Weekly
This week, the gold is within expectation.
The gold is also in the key position now. Basing on the daily chart, the gold will have a clear trend in the white area. And in the weekly timeframe, it is not easy for the XAUUSD to breakthrough the support.
Thus, in the short term, I will wait for the opportunity to buy XAUUSD. And in the long term, I will wait for the confirmation of the new trend in small timeframes.