Darvas Box XAUUSD Technical Analysis and Darvas Box XAUUSD Signals
Developed by Nicolas Darvas
Nicolas Darvas is a famous trader who made 2 million dollars trading the stocks market. Darvas started with an account of 10,000 dollars and made a profit of over 2 million dollars.
This is one of the trading methodologies that Darvas combined to form his stocks xauusd system. Along with this trading methodology he made accurate trading decisions.
XAUUSD Technical Analysis and Generating XAUUSD Signals
This trading method is used to generate xauusd signals based on a simple breakout strategy of the Darvas Box lines.
If the gold price on a xauusd chart breaks out at the top box line , then this is a bullish signal
If the gold price on a xauusd chart breaks out to the lower line, then this is a bearish trading signal.
The example shown below shows a bearish signal generated from the Darvas Box Gold Indicator.
Break Out - Bearish Signal