CTFX_Fintech

GOLD TRADING SCENARIO ON April 25, 2024:

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
GOLD TRADING SCENARIO ON April 25, 2024:

Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2313, then Buy Gold immediately. TP hopes to reach 2321, which is further than 2332, but there is a condition that requires at 6:00 p.m. Gold closes above 2318, and vice versa. Gold closes below 2318, then exit Buy and move. Sell direction to 2296. Sell orders at this time can be held until 8:00 p.m. Gold breaks through 2308, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2308, then Sell always hold the order into the American session until the destination is 2296 , beyond 2275 .

Strategy 2. From now until 11-12 a.m. when gold goes back up to 2333, Sell Gold will always reach 2296. The condition is that at 6 p.m., gold closes below 2321, keep the Sell order and if it closes above 2321, take advantage of the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2336 - the further TP is 2348 and at 20:00 Gold is still not over 2333, then Sell Gold immediately and still break 2333 then keep the Buy order in the US session - TP 2343, further than 2352.

Strategy 3. From 2:00 p.m. to 3:00 p.m., gold runs in the sideway 2315 - 2325, confirming to close above 2313, then Buy Gold to the target price of 2348. The condition is that at 8:20 p.m., if it breaks through 2333, hold the Buy order into the American session. At 2:00 p.m. - 3:00 p.m., confirmation of closing below 2332, Sell always holds 2303. If Gold confirms before 8:20 p.m., below 2321, it still holds the order to enter the American session.

NOTE: The analyzed price range may change slightly during price fluctuations, MN can be flexible. THIS IS A PERSONAL COMMENTARY THAT DOES NOT RECOMMEND INVESTMENT.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.