GOLD TRADING STRATEGY ON March 13, 2024:
Strategy 1. Gold waits at 14.00-15.00 before the European session. Gold has not yet reached the price range of 2163, then reverses to Sell Gold right now, the target price at this time is 2153 and the expected Take Profit further is 2146. The condition to keep Sell Gold is at 17:00-18:00 when Gold closes the H1 candle above price 2148, then proactively exit the Sell Gold order and change the trend to Buy Gold, wait until the target price is 2153, at 19:20 and Gold does not break the trend. Old price range 2153, then proactively exit the Buy Gold order and move to Sell strongly. Gold's target price to take profit is 2145 and further TP is 2139. If at this time Gold closes above the 2153 price range, hold the Buy order and wait for the target price to be 2162 far away. than TP 2183.
Strategy 2. From 13:00 to 14:00 Buy 2056 Gold again and wait for TP target price of 2163 which is closest and further is 2175. The condition for holding the Buy Gold order is at 17.00-18.00. Gold closes the H1 candlestick. We will consider the old Sideway price range of 2173. At this time, if Gold does not close the candlestick above the price 2173, then proactively exit the Buy Gold order to switch to Sell Gold and Wait for the profit taking price zone at 2156, after this time keep the order to enter the US session. On the contrary, Gold closes the candle above the price of 2173 and holds the Buy Gold order until 19:20. VN closes the candle with the price past 2181, then exit the Buy Gold order and switch to Sell Gold and keep the Sell order at 2168, TP further than 2148.
Strategy 1. Gold waits at 14.00-15.00 before the European session. Gold has not yet reached the price range of 2163, then reverses to Sell Gold right now, the target price at this time is 2153 and the expected Take Profit further is 2146. The condition to keep Sell Gold is at 17:00-18:00 when Gold closes the H1 candle above price 2148, then proactively exit the Sell Gold order and change the trend to Buy Gold, wait until the target price is 2153, at 19:20 and Gold does not break the trend. Old price range 2153, then proactively exit the Buy Gold order and move to Sell strongly. Gold's target price to take profit is 2145 and further TP is 2139. If at this time Gold closes above the 2153 price range, hold the Buy order and wait for the target price to be 2162 far away. than TP 2183.
Strategy 2. From 13:00 to 14:00 Buy 2056 Gold again and wait for TP target price of 2163 which is closest and further is 2175. The condition for holding the Buy Gold order is at 17.00-18.00. Gold closes the H1 candlestick. We will consider the old Sideway price range of 2173. At this time, if Gold does not close the candlestick above the price 2173, then proactively exit the Buy Gold order to switch to Sell Gold and Wait for the profit taking price zone at 2156, after this time keep the order to enter the US session. On the contrary, Gold closes the candle above the price of 2173 and holds the Buy Gold order until 19:20. VN closes the candle with the price past 2181, then exit the Buy Gold order and switch to Sell Gold and keep the Sell order at 2168, TP further than 2148.
