Learn about a secret level in gold that the speaker has been trading for years. The levels are marked on charts and can be calculated easily. Use the Fibonacci retracement tool and look for the 38.2 level to sell. The strategy requires checking on smaller time frames and looking for triggers. The levels can result in movements of up to 1200 pips in consecutive moves without any pullbacks. Disclaimer: the video is for educational purposes only and not financial advice. Watch more videos from the speaker on this site.

Trading Gold: The Secret Level You Need to Know

Gold has been a popular trading instrument for many years due to its high liquidity and profitability potential. However, finding the right trading strategy can be challenging. In this article, we will discuss a secret level on gold that can help you elevate your trading game. Let’s dive in.

Introducing the Secret Level on Gold

Rafa Zohovic, a successful trader, has been using a secret level on gold for years to make profitable trades consistently. He now shares this secret with his subscribers. The secret level is a Fibonacci retracement level of 38.2%, which serves as a powerful sell level on gold.

Understanding the Power of the Secret Level

To appreciate the power of the secret level, one only needs to look at the movement in gold prices whenever it hits the retracement level. The price of gold can move uncontrollably in one direction for up to 1190 pips in just one move, depending on the timeframe. The pullbacks are usually minimal, making the trades easy to manage.

Calculating the Secret Level

Calculating the Fibonacci retracement level can be done easily by marking the top and bottom of the first four drastic falls in gold prices. This can be done using the Fibonacci retracement tool available in most trading platforms. The 38.2% level is identified, providing an entry point when the market price hits this level.

Implementing the Trading Strategy

Once you have identified the retracement level, you can start looking for trading opportunities by observing how the market react around the level. Checking the one-minute or five-minute chart for confirmations is crucial. When the market price hits the retracement level, look for a trigger, such as a pin bar, to confirm that the price will continue its fall. Once confirmed, initiate your trade and manage it adequately.

Conclusion

The secret level on gold can be a game-changer if implemented correctly. With the right knowledge and strategy, you can take advantage of the uncontrollable movement in gold prices and make consistent profits. However, it’s important to remember, this strategy is not a guarantee, and proper risk management is essential to mitigate potential losses. Happy Trading!