A guide to Gold Trading
Many traders had asked me one question every time.
How to trade Gold with successfull trading strategy ?
And my answer to small traders is always that " stay away from gold ".
Gold is easy to trade if you follow some rules.
(1) Trade Gold Seasonally. Selling Months July Aug Sept and Oct.
While Buying Months for Gold are Nov Dec January Feb.
(2) Always Trade Gold on Higher Time Frames i.e. H4, Daily, Weekly.
(3) Stay Away from Gold during Fundamental News.
Technical Analysis :
Today Gold is expected to deliver strong bearish response but that failed with opening of US Session and gold jumped from its minor support 1926. I cancelled my one order at 1929 while the second order with big lots hits B.E.
Now it's time to wait for weekly closing below 1920. If this Happens Gold will Fall this time to it's Main support zone 1870-1875.
Currently I am without order and watching every moment of Gold move.
For small traders I am mentioning some levels to trade with money management.
Sell 1982 Tp 1978
Sell 2000 Tp 1995
It is also expected a small correction from 1972 area but the strong resistance is now 1982.
In the next idea I will share a strategy with you guys relating to Gold.
How to trade Gold with successfull trading strategy ?
And my answer to small traders is always that " stay away from gold ".
Gold is easy to trade if you follow some rules.
(1) Trade Gold Seasonally. Selling Months July Aug Sept and Oct.
While Buying Months for Gold are Nov Dec January Feb.
(2) Always Trade Gold on Higher Time Frames i.e. H4, Daily, Weekly.
(3) Stay Away from Gold during Fundamental News.
Technical Analysis :
Today Gold is expected to deliver strong bearish response but that failed with opening of US Session and gold jumped from its minor support 1926. I cancelled my one order at 1929 while the second order with big lots hits B.E.
Now it's time to wait for weekly closing below 1920. If this Happens Gold will Fall this time to it's Main support zone 1870-1875.
Currently I am without order and watching every moment of Gold move.
For small traders I am mentioning some levels to trade with money management.
Sell 1982 Tp 1978
Sell 2000 Tp 1995
It is also expected a small correction from 1972 area but the strong resistance is now 1982.
In the next idea I will share a strategy with you guys relating to Gold.
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Penafian
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