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Confusion Over Trading Strategies on Gold Post High Breakout
How come people keep entering small time frames on gold even after breaking the day's high? People see that the movement tends to continue upward, especially if they trade on Forex with internal signals. At any moment, the price might reverse and drop, but the situation seems different when it comes to indicators. Can someone clarify this for me?
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AI Analysis
The opinion highlights a common debate among traders regarding intraday trading on gold, especially after it breaks a significant resistance level like the day's high. Typically, breaking a high might...
AI Recommendation
Given the complexities mentioned, it is advisable for traders to use a combination of technical indicators and market analysis rather than relying solely on small time frames or a single signal type. ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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