Hello
As in the previous ideas that I had published and explained and linked about my strategy, this time I did a sample trade with a very small loss limit.
Gold and the dollar index have a long-term opposite relationship, and gold and oil have a delayed correlation.
I have colored the gold daily channel with a simple indicator to make it clear on the weekly channel.
In the chart of gold, the price has reached the ceiling of its weekly channel after a rapid upward trend, and I showed it in color in the daily chart of this channel.
It is interesting that the rsi oscillator has shown a price reversal earlier. In the chart of the dollar index, the situation is opposite to that of gold and it has reached its bottom.
Finally, I am waiting for the price of 1805 in Overlapping supports for gold in weekly timeframe, and I suggest that you use this strategy during longtime trades. I would be happy to hear your comments to improve and improve this strategy.
I try to show my trade in comment..
As in the previous ideas that I had published and explained and linked about my strategy, this time I did a sample trade with a very small loss limit.
Gold and the dollar index have a long-term opposite relationship, and gold and oil have a delayed correlation.
I have colored the gold daily channel with a simple indicator to make it clear on the weekly channel.
I try to show my trade in comment..