The Top Secrets You Never Knew About Trading Gold In The Financial Market

How to trade support and resistance for Gold (XAUUSD). This video reveals some secrets you might not have heard about trading XAUUSD.

What is Support in Forex?
Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” that is supporting, or holding up, prices.

What is Resistance in Forex?
Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher.

What is consolidation/Ranging in Forex?
This happens when the price is neither going up or down. Price is not trending and has no specific direction.

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Audio Credit: A-GROUP - Verve

***Disclaimer***
It is important for you to know that all the informations that are emanated in this video are from my opinion and in no way am I an expert on trading forex. And i would advice that before you follow strictly what i say or write in this video, do your own resaerch as well. Timfx Academy will not be liable for any losses.