Update for the gold prices
We have noticed large fluctuations in gold prices and a radical change in the direction of gold from the upside to the downside after breaking the rising wave. What happened to gold prices is the fear of traders and closing most of the buying deals from low levels that led to a strong selling in gold prices, which led to gold dropping to the previous levels of correction on the daily time.
Stop loss is a very important factor in a successful traders.
During the coming period, I expect the gold to pass through the consolidation duration, during which the price will pass in a sideway direction between the price 1799-1835.
After that, I identified two level areas. If the price rises from the current position to the 1835 area for correction, we open a sell trade and determine taking profits at the price 1775.
OR, if the price falls to between this area (1803-1793) then we open a buy trade and determine a taking profit at the price of 1845.
Reminder: "Stop loss" is very important factor in a successful traders.
Keep fighting for what you want until you get what you want, if you are not willing to understand the principles and the possibilities that you have within yourself that everything that you are thriving for, everything that you are hungry for will soon come to an end.
XAUUSD
Stop loss is a very important factor in a successful traders.
During the coming period, I expect the gold to pass through the consolidation duration, during which the price will pass in a sideway direction between the price 1799-1835.
After that, I identified two level areas. If the price rises from the current position to the 1835 area for correction, we open a sell trade and determine taking profits at the price 1775.
OR, if the price falls to between this area (1803-1793) then we open a buy trade and determine a taking profit at the price of 1845.
Reminder: "Stop loss" is very important factor in a successful traders.
Keep fighting for what you want until you get what you want, if you are not willing to understand the principles and the possibilities that you have within yourself that everything that you are thriving for, everything that you are hungry for will soon come to an end.
XAUUSD
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