XAUUSD H4 Analysis:
Price is consolidating below a key resistance zone around 4740–4760 after a strong bullish impulse. Rejection from the supply area suggests a possible bearish correction toward 4580–4540 if sellers maintain control. A clean breakout above resistance could continue the bullish trend. Trade with confirmation and proper risk management.
MQL5-Profil
Neuer Kommentar
Nice analysis. I agree that the 4740–4760 zone is a key resistance area. If price fails to break above it, a correction toward 4580–4540 is very likely. Risk management is the key.
//+------------------------------------------------------------------+
//| Gold_Maker_Bot.mq5 |
//+------------------------------------------------------------------+
#include <Trade\Trade.mqh>
CTrade trade;
void OnTick()
{
// 1. Get Gold (XAUUSD) Prices
double Bid = SymbolInfoDouble(_Symbol, SYMBOL_BID);
double Ask = SymbolInfoDouble(_Symbol, SYMBOL_ASK);
// 2. The Marker: 14-period Trend Line
double myMA = iMA(_Symbol, _Period, 14, 0, MODE_SMA, PRICE_CLOSE);
// 3. The Logic: If Price > Trend Line and no trades are open
if(Bid > myMA && PositionsTotal() < 1)
{
// Open a Buy Trade (0.01 Lots)
// Stop Loss: 5 points below | Take Profit: 10 points above
trade.Buy(0.01, _Symbol, Ask, (Ask-5.0), (Ask+10.0), "Gold Maker");
Print("Gold Maker Bot: Marker Found - Buying Gold!");
}
}
Great performance