Technical Analysis of Price Action
Gold price action analysis is all about studying price moves - using candles, patterns, and trendlines - to figure out where the price is headed.
Gold price action spots trends. It checks for upward bullish moves, downward bearish ones, or flat consolidating action.
To acquire the Fibonacci Retracement Trading Indicator for MetaTrader 4 - specifically the Fibonacci Retracement Calculator - on the MetaTrader 4 platform software, follow the step-by-step guide provided in this xauusd article:
Technical Analysis of the Price Action
- Price Action Technical Analysis Basics
- Basics of Technical Analysis
- The Price Action 1-2-3 Method
- Pin Bar Price Action Strategies
- Explanation of the Elliot Wave Theory
- Different Chart Types
- Varieties of Orders
- How to Set a Limit Order
- Establishing a Stop Order
- Pivot Points Tool
- Day Trading Using Pivot Points
- Japanese Candlestick Charts
- Marubozu & Doji Candlesticks
- Spinning Top Candles Explained
- Reversal Candles Setup
- Upside Down Hammer Candle Setup and Shooting Star Candle Setup
- How does the Piercing Line candle setup work? What about the Dark Cloud candlestick pattern?
- Morning Star and Evening Star Candlestick Patterns
- Areas of Support and Resistance
- Techniques for Marking Support and Resistance
- Definition of a Trend Line
- How to Draw Upward Trend Lines
- Techniques for Drawing Downward Trend Lines
- Trend Line Break Analysis
- Trend Analysis in Momentum
- Gold Trading Setups
- Patterns of Continuation
- Patterns of Consolidation
- Double Tops and Double Bottoms Patterns
- Head and Shoulders Setups
- Fibonacci Retracement Levels for XAU/USD
- Drawing Fibonacci Retracement Levels
- Fibonacci Extension Levels for Gold
- Drawing Fibonacci Expansion Levels
- Exercises on Expansion and Retracement
- Setting Up Divergence Trading Strategies
- Setting Up a Classic Divergence Trade
- Strategy for Trading Hidden Divergences
- Summary of Divergence
What's Price Action in a Chart? - Trading Analysis of Price Action
Learn More Courses:
- How do you use the MACD XAU/USD strategy to buy and sell XAU/USD?
- How do you set up the Gold CCI indicator on a trading chart?
- How do you log in to your MetaTrader XAU/USD trading account?
- What's the secret to following gold trends?
- Defining Trends in Gold Chart Movements
- Utilizing the Gold Trend Channel Indicator on MetaTrader 4
- How Can You Trade Fibonacci Going Back Spots in MT4 Program/System?
- MQL5 automatic trading robots EAs, also called Expert Advisors, in the MQL5 CodeBase.
- What's the Top XAU USD Study Platform/Software MetaTrader 4 Software/Platform?
