XAUUSD: weekly review 26.04 -30.04
A week ago, I predicted that gold would trade above 1760 with an upward bias. Nevertheless, the trading week was rather difficult. There were conflicting patterns on the short-term charts, which resulted in several unsuccessful trades. However, all losses were quickly returned, and Friday brought a good profit.
XAUUSD weekly review (19.04 - 23.04)
On the trading week 12.04-16.04 an important event happened - gold broke out of the range of 1677-1760. Earlier I predicted such an outcome, but I confess that at some point I began to doubt this a little.
XAUUSD weekly review (12.04 - 16.04)
At the end of last week, based on the analysis of the charts, we made a forecast according to which gold will rise to the upper border of the range in the 1755 area.
Intraday breakout strategy "Explosion"
Another breakout strategy for intraday trading. We do not know the original name of this strategy, but in some sources it is called "Explosion"
Monday trading strategy
One trade per week You have to follow the rules of money management In 2020, this strategy has been very effective. In 2021, there have been many false signals so far. Nonetheless...
Divergence in financial markets
Divergence in trading financial instruments (currency, commodity, equity markets) is the opposite directional movement of the price on the chart and the indicator (most often the oscillator).
The Big Dog breakout strategy
Another intraday breakout strategy, suitable for currency pairs with USD, including XAUUSD.
4H BOX Strategy
This strategy got its name since trading is carried out on the breakout of the first closed 4H candle after the opening of a new week.