Gold Forecast (11/03/2021): Bullish scenario - BUY again

Many of you have entered the BUY limit at the 1678 like what I shared in the JQKA Fund account. And we are all excited right now with the 700 – 1000 pips profit target.

Ok! Congratulations. But be careful. When you get excited, there is a high chance that you will lose. So, I repeat: Scale out (take profit ½) to keep the money you earned.

Date view: 173x has appeared

If 171x is the place of TP1, then 173x is the place of TP2. There is a supply-demand zone confluent with the downtrend (yellow line). Likely, there will be a reaction, but I don't think it would fall back to 167x.


This is what I expect for this wave of gold. Go straight to 18xx in the next 1 month.


The question now is: Do you believe in infinity-TP? The price that the market may never turn back in this year?

Weekly candlestick chart: This is what we are watching. And the so-called infinity-TP will be answered by the market itself.


Chart View 4h: Trading

If you are trading gold online, then this is the position that I predict. Of course, those who are holding a BUY position will continue to BUY. Do not SELL. If you want more detailed information, contact me to enter the JQKA group.


USDindex

I draw two forecast zones that the Dollar will return. As for the story after that, we’ll discuss later.


Discussion

News impact on price? I don't know because I'm not in that school. Since I believe the price has reflected it all, all I have to do is: List out the really important zones to place orders properly.

So, if you have any questions about NONFARM news, or the CPI and the 1900 billion package... Well, I don't know how to answer.

Done. That’s all!