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XAU 4H optimal Buy zones
Hello Traders,
I hope you made money on the fall of gold from the last high.
most people wonder where gold may go from here. in my opinion gold is still bearish and could break the low of the range for lower targets, yet in my trading system its risky to take a sell because my logical stop loss would be far, and also I cant integrate a 5 Min entry with 4H stop loss, hence I rather wait to buy it in the zones that I have plotted.
What I said simply means that trading gold in the lower timeframes would give you better probability if you take a short and find a stop loss that is offered by your system, I just want to share my opinion on the overall direction of the market.
I hope you made money on the fall of gold from the last high.
most people wonder where gold may go from here. in my opinion gold is still bearish and could break the low of the range for lower targets, yet in my trading system its risky to take a sell because my logical stop loss would be far, and also I cant integrate a 5 Min entry with 4H stop loss, hence I rather wait to buy it in the zones that I have plotted.
What I said simply means that trading gold in the lower timeframes would give you better probability if you take a short and find a stop loss that is offered by your system, I just want to share my opinion on the overall direction of the market.
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