Powerful GOLD Swing Strategy For FREE

Dear Traders

Generations of humankind have used and treasured Gold since early Mesopotamia, owing to its look and malleability. It is a commercial benchmark that is one of the oldest types of currency and has retained all of its worth. Gold has an inverse value connection with the US dollar, which is supported by demand for US treasuries. Because the dollar funds overseas investment activities, gold prices and the dollar's value move in opposing directions.

Thanks to the internet, you can trade Gold online from anywhere in the world. Today, you will learn a reliable Gold swing trading strategy. Gold is known for its fast movement after corrections or consolidations. So, if you can identify its trend and market structure, you can spot tremendous trading opportunities.

Let's get into this step-by-step guide to Gold swing trading strategy.

The best timeframe for swing trading in Gold is daily and weekly. Although you will use a 1h-4h timeframe for entries, you must first identify daily or weekly directions.

As you can see in the chart, Gold has been in a daily range between 1800-2050 and once the price reaches near the high or low of the range, there is a chance of the price reversing from it. You can wait for the price to reach the high or low and then monitor the price on a 1h-4h timeframe for an emerging pattern or market structure that will signal a reversal soon.

Considering the example, let's go onto a lower timeframe, say, 4 hours. You will see that there is an emerging bullish flag around the support area. Once you see a breakout of the bullish flag, it will provide you with a double confirmation that the price will probably move away from the support in an explosive move.

You can buy right after a candle close above the bullish flag highs. It's best to keep a risk-to-reward higher than 1:1, probably 1:3, which will provide you with a good return.

Gold is the most traded precious metal around the world. If you can understand its market structure and trend, you can get ahead of the curve and make a difference in your trading career.

Happy Trading!!!

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