XAUUSD Price Action Setups in XAUUSD
XAUUSD Price action xauusd strategy is the use of only gold price charts to trade XAUUSD, without the use of xauusd technical chart indicators.
When trading with this gold price action trading method, xauusd candlestick charts are used. This gold price action trading strategy uses lines & pre-determined gold price action patterns such as the 1-2-3 gold price action pattern that either develops one gold price action pattern or series of gold price action trade setups.
Traders use this gold price action trading setup strategy because this gold price action analysis is very objective & allows a trader to interpret the gold market price moves based on what they see on gold price charts and market movement analysis alone.
XAUUSD Price action xauusd strategy is used by many traders: even those that use technical indicators also integrate some form of price action strategy in their overall gold trading strategy.
The best use of this gold price action method is achieved when the signals generated are combined with xauusd line studies so as to provide extra confirmation. These xauusd line studies include xauusd trend lines, Fibo retracement, support & resistance levels.
Gold Price Action 1-2-3 Break out Pattern
This gold price action xauusd strategy uses 3 chart points to determine the break-out direction of a gold price action.
The 1-2-3 gold price action method uses a peak and a trough, these points forms point 1 & point 2, if market gold price moves above the peak the gold price action signal is long, if gold price action moves below the trough the gold price action trading signal is to short. The gold price action break-out of point 1 or point 2 forms the third point.
What's XAUUSD Price Action XAUUSD Strategy? - XAUUSD Price Action Setups in XAUUSD
Series of XAUUSD price action break-outs
What's XAUUSD Price Action 1-2-3 XAUUSD Strategy? - 1-2-3 XAUUSD Price Action Patterns in XAUUSD
