Hello friends,
it seems like many successful traders fail to determine a proper entry for either a short or a long position.
Please use the tips on the chart to avoid further losses by trying to catch a falling knive.
The price of Gold (XAUUSD) made a breakout of a bull-flag/ ascending channel on the daily. The price action we currently see
might be a re-test of the trendline (as per many idea here on tradingview). But this could also be a simple fakeout, followed by a mid-term trend
change (on the daily in this case).
Nontheless - read the chart and forget any previous predicition you had. Try to rely only on numbers, indicators and a trend.
This will save you A LOT OF CASH! :-) Trust me
cheers,
Ares
it seems like many successful traders fail to determine a proper entry for either a short or a long position.
Please use the tips on the chart to avoid further losses by trying to catch a falling knive.
The price of Gold (XAUUSD) made a breakout of a bull-flag/ ascending channel on the daily. The price action we currently see
might be a re-test of the trendline (as per many idea here on tradingview). But this could also be a simple fakeout, followed by a mid-term trend
change (on the daily in this case).
Nontheless - read the chart and forget any previous predicition you had. Try to rely only on numbers, indicators and a trend.
This will save you A LOT OF CASH! :-) Trust me
cheers,
Ares
