gamer456148

Gold Short + Past Strategy

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Using the intraday and volume script I have, the past strategy for Gold that I found most profitable was high risk buys and higher frequency trading. Overall though given past market prices, I wouldn't suggest that now due to potential losses on automation. Gold in a very short period of time, potentially less then weeks is about to hit the $1300 mark. Given the trades are higher on a weaker dollar but also since it is still a standard to some degree in other aspects of finance, I predict that short bursts have potentials for easier gains. They are less risky, especially if you were going to automate the buy and sell orders over time. Also the current state of the economy and inflation isn't critical for USD.

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