XAUUSD Technical Analysis + Trading Plan - 19.06.2024 -

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XAUUSD Technical Analysis + Trading Plan - 19.06.2024 - #xauusd
In this video, you will find a technical analysis and a trading plan on XAU-USD and its purpose is to inspire you in trading. The trading system I use is based on trading divergences (identified on MACD or RSI) and critical levels of support and resistance, to find arguments necessary to make trading decisions, as well as optimal entries.
If you want to learn how to trade divergences, I have prepared a course called Trading Basic System, and in which you have included, in addition to consulting meetings with me, some very valuable tools. You can access the course here:-
itrade-hub.com...
In the trading plan, I use multiple strategies suitable for both beginners and advanced traders, but also for different types of financial instruments: shares (stocks), ETFs, forex (currencies). commodities, crypto.
Recommendations:
Learn effective risk management techniques that can protect your capital and lower your risk-to-profit ratio. In trading, it's not just about making profitable trades, it's about sustaining yourself and growing your portfolio in the long term.
Always consider fundamental analysis as a decision factor.
Stay connected with market dynamics: Financial markets are constantly evolving, and information is essential to make timely decisions.
The determining factor is psychological, so I recommend you listen to the InBrain podcast, which deals with emotional and cognitive biases in trading and investing.
Disclaimer:
This video is not a trading recommendation. Each trader should perform his own analysis based on his own system. Trading involves risk and past performance does not guarantee future results. Over 85% of traders lose money.
You can learn about the strategies described in the video in the FREE trading course "Leverage as an investment technique"
link-pso.xtb.c...
You can start automatic trading with the ALGOTRADE course
itrade-hub.com...
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