XAUUSD Price Action 1-2-3 XAUUSD Price Action XAUUSD Strategy

XAUUSD Price action xauusd is the use of only gold trading price charts to trade XAUUSD, without the use of technical chart technical indicators. When trading with this gold trading price action strategy, candlestick charts are used.

XAUUSD Price Action Trading System in XAUUSD

The best use of this gold trading price action strategy is achieved when the price action signals generated are combined with other indicators so as to provide extra confirmation. This is then used a xauusd system.

The xauusd system includes gold trading price action trading together with xauusd indicators trading so as to come up with a xauusd system or a xauusd strategy based on these two methods of xauusd technical analysis.

Gold Price Action 1-2-3 Breakout XAUUSD Strategy

This gold trading price action trading strategy uses three chart points to determine the break-out direction of a xauusd. The 1-2-3 gold trading price action strategy uses a peak and a trough, these points forms point 1 & point 2, if market moves above the peak the signal is long, if it moves below the trough the signal is to short. The break out of point 1 or point 2 forms the third point.

XAUUSD Price Action 1-2-3 XAUUSD Price Action XAUUSD Strategy

As with any other xauusd trading strategy this gold trading price action trading strategy should also be combined with other xauusd technical indicators to confirm the gold trading price action signals and avoid whipsaws. The 1-2-3 gold trading price action trading pattern can give good xauusd signals in a trending market but will give whipsaws when the xauusd market is ranging, it is best to determine if the xauusd market is trending or not before you start using this gold trading price action strategy.

Combining XAUUSD Price Action Strategy with other Indicators

Good xauusd indicators to combine gold trading price action trading with are:

• RSI

• Moving Average Indicator

Gold traders should use these two xauusd technical indicators to confirm if the direction of breakout gold trading price action signal is in line with the xauusd trend direction shown by these two xauusd chart indicators.

If the direction is also the same as those of these indicators then traders can open a trade in the direction of the gold trading price action signal.

If not gold traders should not open a trade as there is more likely a chance that this gold trading price action signal may be a xauusd whipsaw.

Just like any other chart indicator in XAUUSD, gold trading price action also has whipsaws and there is a requirement to use this gold trading price action strategy with other indicators as a combination with other signals from these indicators as opposed to just using this gold trading price action strategy alone.

XAUUSD Price Action XAUUSD Strategy