CTFX_Fintech

GOLD TRADING SCENARIO ON April 3, 2024:

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
GOLD TRADING SCENARIO ON April 3, 2024:

Strategy 1. From now until 11:00 a.m. - 12:00 p.m. Gold returns to 2278, then buy gold. TP hopes to reach 2286, which is further than 2302, but there are conditions when Gold closes above 2288 at 4:00 p.m. Otherwise, gold closes below 2288. Exit Buy and switch to Sell to 2268. Sell orders at this time can be held until 7:00 p.m. Gold breaks through 2273, then continue to hold into the American session. If not, exit the Sell order and move to Buy. Gold does not break through 2283, then Sell will always keep the order into the American session. destination is 2166, further 2245.

Strategy 2. From now until 11-12 a.m. when gold goes back up to 2288, Sell Gold will always reach 2263. The condition is that at 5 p.m., when gold closes below 2275, keep the Sell order and if it closes above 2275, take the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2286 - the further TP is 2302 and at 7:00 p.m. Gold is still not over 2283, then Sell Gold immediately and still break 2283, then keep the Buy order in the US session - TP 2288, further than 2302.

Strategy 3. From now until 13:00 - 14:30, gold runs in a small margin to confirm a close above 2278. Buy Gold to the target price of 2288. The condition is that at 19:20, if you break through 2283, hold the order. At 2-3 p.m., confirming the close below 2283, Sell always hold until 7:20 p.m., then wait for Gold to confirm the Price Range and then trade in the US 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.