Gold EMA Alignment Strategy

Gold EMA alignment strategy uses price rejection on three Exponential Moving Averages to determine Buy or Sell entry points. The three EMAs are 21, 13 and 8 Exponential Moving Averages.


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GOLD

TREND IDENTIFICATION:

Basically, the 1 hour time frame is used to identify the trend, especially when the three moving averages are ascending or descending.

Bullish trend is formed on the 1 hour time frame when all three moving averages are turning up. Bearish trend is identified when all three moving averages are turning downwards.

Technically, a trend must first be identified on the 1 hour time frame.

 

Gold

Gold

TRADE ENTRY:

Trade entry points are identified only on 15 minutes time frame.

Price pull-back (rejection) to moving average band area before continuation of movement in the initial direction is important.

One will buy or sell at rejection points on the EMA band. Conservatively, one can buy at points where higher high is formed , or sell at points where lower low is formed.

Monitoring of price action (and candlestick reversal pattern) around the moving average band after price pull-back is very key for one to spot the exact time to enter a trade.

GOLD

 

Gold

 

Gold

Gold

Gold

TAKE PROFIT AND STOP-LOSS:

Take profit will be at nearest support or resistance area. For Buy trades, take profit point will be at the nearest resistance, while for Sell trades, take profit will be at the nearest support zone.

Stop loss points are areas below or above the rejection points on the EMA band. Stop loss for Buy trades will be placed a little below the rejection point on the EMA band.

Stop loss for Sell trades will be placed above the rejection point on the EMA band.

 

GOLD

AFTER

GOLD

AFTER

GOLD

 

Volatility

 

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