mahmoudmahdi24

I am entering a long position on XAUUSD as we're hitting an interesting support zone on the 1h timeframe.Bollinger band are not wide anymore, and the price action is showing that price is trying to go back.If the support zone is broken, we'll immediately leave the idea with a small loss.I also placed a buy limit order on the following price : 2655.31.the price is going in our direction which is great ! let's check if we'll have a pullback or not.

We're hitting a resistance on the 30min timeframe.If it's broken, i'll close the trade and enter on the second resistance zone i drew.Bollinger bands on the 30 min timeframe, and RSI/MA cross on the 5 min timeframe (above 70) is telling me that it might be time for a small scalp (short).Reminder: I don't take too much risk here, I enter with small lot size. I am aware that this resistance zone is a 50/50 chance, and not as strong as the next resistance, so I entered with less lots than the previous long trade we won (so if we lose this one, we'll still end the day profitable ! Risk management is key in trading !Kept the first sell open, and scalped a few times on the second resistance zone.

I am buying gold as we're hitting a support resistance (drawn following the 1h and 30min timeframes).Price action seems to show that price is reversing, it might go back for the next 30 min candles.I am placing a limit buy order on the second support zone.I have used price action, bollinger bands, and support and resistance for this trade.target reached ! nice scalp for the day, made 1%

Time to buy gold as we're following a bullish trendline, but also, we're hitting an old resistance which was broken before (so it can become a support).Adding a second entry after hitting the small bollinger band + support The exit remains the same, the idea is invalid if the support is broken