Trade Gold Trading

Gold Price Action Plan - Support, Resistance Indicators

A valid approach for analyzing xauusd price movement involves the utilization of the PinBar formation. A pinbar represents a reversal pattern visible on the chart, clearly signaling a shift in market sentiment during the period it manifests.

This pinbar candle has a long tail with the closing xauusd price near the open.

The pinbar candle looks like a pin, so it's called a Pin Bar - it happens after a big move up or down.

Trade Price Action with Support and Resistance Indicator Setup

This price action reversal signal gets confirmed after market closes below the candle stick that precedes this price action setup. Below the pin bar price action reversal pattern setup formation is confirmed after the market closes below the blue candle stick that preceded this price action pinbar candle-stick.

Trading Price Action at Support and Resistance with Indicators

Techniques for Trading Gold Price Action Setups Utilizing Support and Resistance Indicators for Gold Price Action.

Pairing Pin Bar Price Action with Support and Resistance Levels

Pair this pin bar reversal signal with tools like support and resistance lines. Together, they help spot buy or sell chances in price action trading.

Support and Resistance Areas

When a pin bar candle forms right after the price hits a big support or resistance level, it's a pretty clear signal to jump into the market. If you spot this reversal pattern, you want to take trades that go against the direction of the pin bar's tail.

If prices go up, a pin bar candlestick with a long upper tail appears, which means you should make a sell trade right away.

A downward market forms a pin bar with a long lower shadow. This signals a buy trade for XAUUSD.

Price Action Strategy Utilizing Support and Resistance - Price Action Indicator

Price Action Method with Support & Resistance Gold Price Action Indicator

Get More Lessons & Topics:

Gold Broker