How do you make a continuous profit from gold trading?
If you love trading gold, this is an article for you. I will show you exactly how I made profits in just 20 days of trading gold. I will show you the problem history of entering stop loss and take profit so that you can use this system once you finish this article. So please make sure not to escape any part of this article. Here is the gold wizard of gold trading for beginners. Without further delay, let’s get started.
Can gold trading be profitable?
I love trading gold because it is very volatile, and with a tight stop loss, we can get very good spillovers to reward a high probability trade over a very short period, which I looked at in trading when I was trading. I’m reviewing the chart for trading gold.
To show you exactly what point I’ve activated the trading at now, you can see what I always look at when I’m trading, the first thing I look at is the left side and you don’t look at the right side the side always looks at the left side because the left side will tell you exactly where The market has started its move now if you look closely at what you see on the left side now when it comes to an uptrend always look at the higher lows.
What is the best strategy for trading gold?
If you look at the five-minute gold trading chart on gold, as simple as doing what you see the ,market is creating a series of higher lows, and this is an uptrend. Then, what do you see that the market has formed a reversal pattern? What is the double bottom and top reversal pattern and with what type From reinforcement and then out of that reinforcement.
As you will see there is a double bottom, a clean reversal, a gap open, a very strong impulse, and the next thing I look at is the impulse, keep in mind that since the impulse is very, very important when there is an impulse and then a correction, we can expect another impulse now we saw that in this Time Frame The motivation was very strong.
The strength of the impulse is very key here to understand gold trading now in that we saw that the price had a little bit of consolidation and the price made another impulse and then the price was able to break this swing bottom, look what I looked at, this is the swing bottom okay, so this is the swing bottom Previously the price had just broken this swing low.
Is it possible to make a consistent profit in trading?
There is a long consolidation now with this consolidation. What did you do? Patience Patience is the key to trading. Keep in mind that this is the biggest struggle that many traders face to be patient, so you need to develop patience when you are trading whatever time frame you are trading even per minute Five minutes and four hours.
Patience is the key now when I’ve been patient all the time, what prompted me to launch this trade is this incredibly powerful big boy kennel which I called the big boy scandal because the big boys get bored of that area and a trader needs to know when the big boys are buying or selling In the market because when the big boys are buying and selling that is where the profitable trader always buys and sells with the strongest.
How to trade gold in the long term?
So you can always stay on the winning side now once this candle is formed, if you look closely and analyze this candle, we will see that there is a long week at the bottom, which is elusive now and a lot of traders have made a mistake here and this is why the bigs are buying The mistake is that retail traders started selling from here.
And that’s how the psychology of retail traders is that they think that okay, this is the resistance level here, where the price is creating a lower high along the area and there’s an evasive, the next person is going to come into the field that week, and that’s what we say to traders who are thinking and the big boss Always thinks in terms of liquidity.
Liquidity is very important and that’s why the big boys always trade against the retail traders and we trade with the big boss once the gold trading candle formed, this is where the trading was initiated on the five-minute chart, and as you can see next, the market moved one, two, three Quarters as full profit on this deal.
Within 20 days this trade achieved the profit target, this is the same trade with stop loss and take profit target that was sent to gold trading users.
Gold provides a good trading opportunity
Let me see the next position you traded well, so let’s take a look at this here in just a few minutes hours later, we got another shot at the target now, let’s take a look at what I looked at in that trade now, if you look closely at this The market, so what you see, the market is creating a series of highs and lows, and this is the uptrend now in that series of higher lows we saw that the market broke that lower low completely by the same standards that we did not see in the previous standard.
20 EMA market for gold trading
It is the previous swing low and with this low, we saw that there is a breakdown now, this is where mistakes happen as you can see, this is where the big boy is looking at this breakout of the swing low which means there is huge liquidity stimulated but the retail trader is still making a mistake by Thinking that you can see that this is where there is the opening gap in the market if you look closely we saw that there is an opening gap and then the market tested the 20 EMA, now this is where most retail traders make mistakes in thinking.
It’s okay, so test the market you know the 20 EMA, the local trend can go down now in the majority of cases when you see this type of liquidity take over the big traders will trade along the trend of the liquidity and we saw that once this elusive forms a profitable trader in the nearest Time Since this is an elusive pattern, this is where I called this trade and as soon as we called the trade, the trade reached the full profit member.
