The professor👨🏫 decided✅ to conduct a brief lecture📚 on $XAU 🏆 so that EVERYONE❗️ could understand☝️ the introductory data about its specifics and how it is generally arranged, as well as the professor's first idea❗️
First, it is important to understand that gold moves strictly in an upward direction, for clarity I show the chart of the monthly period.
Second, it is important to understand that during any political and geopolitical noise, gold will only rise. For example: rumors about a new escalating conflict arise - gold will only grow and minimally correct.
From these specifics, it can be understood that it is best to work on gold from
#long positions, as its tendency is Long!
I trade gold on these timeframes: D1-H4-H1-M30-M15
I immediately suggest my idea, which I built back at the beginning of the week: the price has settled in a sideways movement and I am waiting for one of two scenarios
- manipulation and exit upwards
- exit upwards from the current levels (gold usually doesn't care about compression from below)