These tips are summarized from author's long-term gold trading experience, and these are tested and verified very useful and effective for intraday gold trading. Importantly, users must remember these tips are only just used for intraday gold trading, neither for other or forex, nor for long-term or swing trade. If traders master these techniques efficiently and use these proficiently, it is very easy to trade gold and more profits will be taken.
These tips are classified into four categories: relay form, reversal form, sideways form and acceleration form.
Tip 1: Rise in AS Time, continue in EU Time, and then drop before the AM Time is a trap
Tip 2: Decline in AS Time, continue in EU Time, and then Rally before the AM Time is a trap
Tip 3: Soar in AS Time, but break out the rise starting point in EU Time, and then go down in the AM Time.
Tip 4: Slump in AS Time, but break out the decline starting point in EU Time, and then go up in the AM Time.
Tip 5: Soar in AS Time, but drop cannot break out the rise starting point in EU Time, and then shock in the AM Time.
Tip 6: Slump in AS Time, but rally cannot break out the decline starting point in EU Time, and then shock in the AM Time.
Tip 7: If the price keeps rising in dawn,then buy at the starting point of last rise in AS Time.
Tip 8: If the price keeps declining in dawn,then sell at the starting point of last drop in AS Time.
Tip 9: Slow rise will accelerate,then don’t copy the top and wait for rocketing.
Tip 10: Slow decline will accelerate,then don’t copy the bottom and wait for slump.
Tips all come in pairs because reverse application is in and market. Tip 1 and tip 2 are the relay form. Tip 3 and tip 4 are the reversal form. Tip 4 and tip 5 are the sideways form. tip 7-10 are the acceleration form.
I will detail all the tips to you and they may help your trade, but I cannot promise that these tips must help you to take profit because technology is a small part in trading.
Always bear this in mind: Market being a perilous place, be discreet when you invest.