Tag: IntradaySetup

The trade shown in the chart was taken after a breakout of a key resistance line, which is marked with

Trade Logic :- This trade was executed on XAUUSD (Gold Spot vs. USD) on the 15-minute chart, using a break

The trade logic displayed in the chart uses the Guppy Multiple Moving Average (GMMA) indicator to identify gold spot (XAUUSD)

The chart illustrates a gold trading strategy utilizing moving averages and breakout signals. The trading logic involves buying when gold’s price surpasses resistance levels while remaining above a green support area, indicating price strength. The approach capitalizes on upward trends, achieving a profit of $244 in six minutes.