Ok, so we already took this trade not too long ago... and the profit is decent so far, I will try to make a video about it later and connect it to this trade to help explain why we went long.
The system we use is pretty simple, yet very effective (as our myfxbook shows)
We believe XAUUSD is in a bullish trend at the moment and is trying to push towards its yearly high, we honestly dont care where it goes beyond today, as our one goal is to make a profit, and not analyze the price of assets for the future.
The entry is simple, key price level of support / resistance lining up with our Fibonacci levels, donchain channel middle is below price and acting as a support. RSI is out of the over bought and we have higher highs and higher lows...
Related to this story is our latest profit on selling XAUUSD, showing you just how irrelevant is the long-term view using our system.
The system we use is pretty simple, yet very effective (as our myfxbook shows)
We believe XAUUSD is in a bullish trend at the moment and is trying to push towards its yearly high, we honestly dont care where it goes beyond today, as our one goal is to make a profit, and not analyze the price of assets for the future.
The entry is simple, key price level of support / resistance lining up with our Fibonacci levels, donchain channel middle is below price and acting as a support. RSI is out of the over bought and we have higher highs and higher lows...
Related to this story is our latest profit on selling XAUUSD, showing you just how irrelevant is the long-term view using our system.
