I have noticed for the last two week Xau/Usd starting the week off with a dip followed by a rally also... that if you entered on the rally were good trades.
Over the last year I have been watching and trading the Xau/Usd, and it seems certain times of the day are best for entering and exiting,
5am est, 8:30 am est (after a news release), at around the London close 11 am est to 1 pm est, and from around 9:30 pm est to 12 am est.
These times often mark highs or lows and turning points on intraday 1 hour chart.
if the markets does open with a low, I will try to enter it on a rally and hold until either the mid asian later tonight or around 8:30 am est Monday...
but being that is a holiday this might change things up a bit.
Over the last year I have been watching and trading the Xau/Usd, and it seems certain times of the day are best for entering and exiting,
5am est, 8:30 am est (after a news release), at around the London close 11 am est to 1 pm est, and from around 9:30 pm est to 12 am est.
These times often mark highs or lows and turning points on intraday 1 hour chart.
if the markets does open with a low, I will try to enter it on a rally and hold until either the mid asian later tonight or around 8:30 am est Monday...
but being that is a holiday this might change things up a bit.