This week, we are reviewing an example of how a profitable trade can be identified that goes against the overall trend. We'll start with...

This week, we are looking at a sell setup on Gold within a 200-pip range. The first chart below shows the XAU/USD 4-hour timeframe from...

This week, we're discussing two Gold trades and how to trade profitably while being aware of news releases. The chart shows XAU/USD from May 9. As usual, we start off by identifying and marking any support and resistance levels. On the 1-hour chart above, we can clearly see that the price was approaching the 2307 price level. After a strong bullish candle, there was an opportunity to take a buy and anticipate price to move up to the next resistance once price broke the high o