FxPot : Gold Today - XAUUSD Trading Ideas

Meaning of terms :
▷ BUY the Dip : The current price is higher than the entry price. Buy when price drops to/below the entry price.
▷ BUY the Breakout : The current price is lower than the entry price. Buy when price breaks upward through the entry price. ( When price moves above the entry price level.)
▷ SELL the Bounce : The current price is lower than the entry price. Sell when price rebounds to/above the entry price.
▷ SELL the Breakdown : The current price is higher than the entry price. Sell when price breaks downward through the entry price.  (When price moves below the entry price level.)

FxPot = Forex + Jackpot, meaing Hit it Big in the Forex market. Day trading is known to be risky. I feel the same way, too. We can say, in some ways, it is similar to Jackpot. However, many traders seem to be fascinated. The greater the risk, the bigger the profit, maybe.

There will be more swing trading ideas than day trading ideas. Trading ideas above are simply my views and I don't think they are so meaningful to trend (position) traders. Please, do not visit this page often. Use them as simple references only. Hit it Big!

Spot Gold (XAU/USD) : XAU refers to the ISO 4217 standard code for one troy ounce of gold. 1 troy ounce (oz t) = 31.1034768 grams. XAU (99.99 percent pure gold = 24K gold) : 24k gold means that all 24 parts in the gold are all pure gold without traces of any other metals. Used throughout the world as real money. World consumption of gold: about 50% in jewelry, 40% in investments, and 10% in industry.