Thread: Xau/usd analysis

Looking at the XAU/USD pair for 15 minutes, it is noticeable that it is gaining some pips at the price level of 1651.00 Should there be a continuous appreciation in the price, the next resistance level will be 1655.00 with the next support level at 1650.00.

This is still a kinda valid.

XAUUSD is the favorite pair of many traders but try to trade risk freely. Try to cut your risk as much as possible to enlarge your profit margin. It is one of the core criteria for trading. Risk is inherent to every business, so in Forex. It is such a thing that can kill your dream. All the facilities of Eurotrader broker are risk management-friendly.

Pairs are indeed widely favored by forex traders. And as a trader, also never forget about risk management, so that risk can continue to be managed well and traders can be more focused on achieving profits. This is also what I always apply when doing trading with Tickmill broker.