Gold Price Action Setups in Gold Trading
Gold Price action gold trading strategy is the use of only xauusd price charts to trade Gold, without the use of xauusd trading technical chart indicators.
When trading with this xauusd price action trading method, gold candlestick charts are used. This xauusd price action trading strategy uses lines and pre-determined xauusd price action patterns such as the 1-2-3 xauusd price action pattern that either develops one xauusd price action pattern or series of xauusd price action trade setups.
Traders use this xauusd price action trading setup strategy because this xauusd price action analysis is very objective and allows a gold trader to analyze the xauusd price moves based on what they see on the xauusd price charts and market movement analysis alone.
Gold Price action gold trading strategy is used by many gold traders; even those that use technical indicators also integrate some form of xauusd price action strategy in their overall gold trading strategy.
The best use of this xauusd price action method is achieved when the trading signals generated are combined with gold line studies so as to provide extra confirmation. These gold line studies include gold trend lines, Fibonacci retracement, support and resistance levels.
XAUUSD Price Action 1-2-3 Breakout Pattern
This xauusd price action gold trading strategy uses three chart points to determine the break out direction of a gold price action.
The 1-2-3 xauusd price action trading method uses a peak and a trough, these points forms point 1 and point 2, if market xauusd price moves above the peak the xauusd price action signal is long, if xauusd price action moves below the trough the xauusd price action trading signal is to short. The xauusd price action break out of point 1 or point 2 forms the third point.
What is Gold Price Action Trading Strategy? - Gold Price Action Setups in Gold Trading
Series of xauusd price action breakouts
What is Gold Price Action 1-2-3 Trading Strategy? - 1-2-3 Gold Price Action Patterns in Gold Trading
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