
Trading in the Zone
A Gold Forex Strategy (trading XAU/USD) is a defined set of rules used by a trader to buy or sell the gold/US Dollar currency pair.
The most common strategies for gold often combine:
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Technical Analysis: Using tools like support and resistance levels, moving averages, and candlestick patterns to identify trends, entry points, and exit points.
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Fundamental Analysis: Tracking major economic news, especially US Federal Reserve interest rate decisions and Non-Farm Payrolls (NFP), as well as geopolitical events, because gold often acts as a safe-haven that moves inversely to the US Dollar.
Gold strategies are generally designed to manage its typically high volatility and take advantage of its strong trending movements.