Gold Simple Trading Strategy
This trading system template is fully explained within the gold trading plan on the Gold Trading Plan Template Example on this learn gold trading website under - gold key concepts section located on the right navigation menu.
Chart Time frame
1H xauusd trading chart
XAUUSD Technical Indicators which identify a new gold trend
Moving Average Crossover Gold Strategy
XAUUSD Indicators that confirm the gold trend
RSI xauusd trading technical indicator
Stochastic xauusd trading technical indicator
Buy Gold Signal
1. Both Moving Averages moving upwards
2. RSI above 50
3. Both stochastics moving up
Sell XAUUSD Signal
1. Both Moving Averages moving downwards
2. RSI below 50
3. Both stochastics heading downward
Exit XAUUSD Signal
1. Moving Averages Technical Indicator gives opposite signal
2. RSI indicator gives opposite trading signal
XAUUSD Risk Management
Stop loss - 20 pips
Take Profit XAUUSD Order - 60 pips
Reward : Risk Ratio 2 :1
XAUUSD Day Strategies Course - Gold Daily Charts System - Gold Simple Strategy - Gold Strategies Revealed - Moving Average Gold Strategies - Gold Intraday Trading Strategies