AdamHong

Tip 7: Keep Rising in Dawn, Then Buy in AS Time

Ausbildung
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Tip 7: If the price keeps rising in Dawn, then buy at the starting point of last rise in AS Time

Tip 7 needs to meet three conditions as follows:
1. The price continuously increases last day, and no sharp drop appears in AM Time ;
2. Buy near the starting point of last rise which creates in dawn when price retraces ;
3. Good entry time is at UTC 0:00-2:00, but don’t buy at pullback after the breakout of the previous high point.
Usually, this opportunity is a little radical and just Asian traders can do this,most American and European traders are in sleep.Traders must remember not to buy at the pullback after the breakout of the previous high point.

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