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TagsHow can I analyze the XAU/USD chart on TradingView to make profitable trades?
Simonsen PhamDec 24, 2021 · 3 years ago1 answersI'm new to trading and I want to learn how to analyze the XAU/USD chart on TradingView effectively in order to make profitable trades. Can someone provide me with some guidance on the key indicators and strategies I should focus on?
1 answers
- At BYDFi, we believe that analyzing the XAU/USD chart on TradingView requires a combination of technical analysis and market research. It's important to understand the fundamentals of gold and the factors that can influence its price, such as inflation, interest rates, and global economic conditions. Additionally, consider using TradingView's wide range of tools and indicators to identify trends, support and resistance levels, and potential entry or exit points. Remember to always practice risk management and never invest more than you can afford to lose. Happy trading!Dec 24, 2021 · 3 years ago
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