Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Using Price Action to Buy Gold’s Higher Low

Using Price Action to Buy Gold’s Higher Low

James Stanley,

Talking Points:

- We integrated a macro-play by looking at Gold in response to the prospect of ‘looser for longer’ monetary policy response from Global Central Banks. We discussed that theme in far more depth in the article, Gold Prices Shine When Central Bankers Scurry into Action.

- This is a redux of the entry looked at two weeks ago in the article, Higher-Low Sets Top-Side Trend Re-Entry in Gold.

- If you want to learn more about price action or the methods discussed in this webinar, please check out The Forex Trader’s Guide to Price Action.

- If looking at long Gold, traders are also taking on short-USD risk, which given the continued bullishness of the Dollar, this could provide headwinds on the long Gold position. Traders can look to offset that risk by getting Long USD in another pair. We looked at EUR/USD and GBP/USD for those purposes.

- This strategy is called, ‘The US Dollar Hedge.’

- For a walk-though of the genesis behind the short EUR/USD setup, please read this article.

- For a walk-through of the setup in GBP/USD, please read this article.

- We closed by looking at the continued ascension in stock prices with the note that risk aversion is not like over yet.

--- Written by James Stanley, Analyst for

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

Contact and follow James on Twitter: @JStanleyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.