GOLD TRADING STRATEGY ON March 8, 2024:
Strategy 1. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) Gold does not escape the price range 2153, then this price range can Buy Gold waiting for the price target of 2163. Gold waits at 13.00-14.00 VN (7.00-8.00 UTC) before the European session Gold has not yet reached the price range of 2163, then reverse to Sell Gold right now, the target price at this time is price 2153 and Take profit expected further is price 2148. The condition to hold Sell Gold is at 17.00-18.00 VND (10.00-11.00 UTC). Gold closes the H1 candle above price 2146, then actively exit the Sell Gold order and change the trend to Buy Gold, wait until the target price is 2161, at 20: 20 VN (13:20 UTC) but Gold does not break the trend with the old peak price of 2163, then actively exit the Buy Gold order and switch to Strong Sell Gold target profit taking price is 2143 and further TP is 2126, if at this time Gold closes above the zone. Price 2152 hold the Buy order, wait for the target price to be 2170, further TP 2183 and wait for the NONFARM news.
Strategy 2. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) gold breaks through the price of 2153, actively sell Gold to target price of 2138, continue to monitor at this time 13.00-14.00 VN (7.00-8.00 UTC) Then Buy Gold again and wait for TP target price of 2158 which is the closest and further is 2166. The condition for holding a Buy Gold order is the time 17.00-18.00 VND (10.00-11.00 UTC). Gold closes the H1 candlestick and will consider the old Sideway price range of 2153. At this time, Gold does not close the candlestick above the price 2153, then proactively exit the Buy Gold order. To switch to Sell Gold and wait for the profit taking price range at 2126, after this time keep the order to enter the US session. On the contrary, Gold closes the candle above the price of 2153, holds the Buy Gold order until 20:20 VN (13:20 UTC), closes the candle price past 2158, exits the Buy Gold order, switches to Sell Gold and holds the Sell order in the US session and waits for the news. NONFARM.
Strategy 1. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) Gold does not escape the price range 2153, then this price range can Buy Gold waiting for the price target of 2163. Gold waits at 13.00-14.00 VN (7.00-8.00 UTC) before the European session Gold has not yet reached the price range of 2163, then reverse to Sell Gold right now, the target price at this time is price 2153 and Take profit expected further is price 2148. The condition to hold Sell Gold is at 17.00-18.00 VND (10.00-11.00 UTC). Gold closes the H1 candle above price 2146, then actively exit the Sell Gold order and change the trend to Buy Gold, wait until the target price is 2161, at 20: 20 VN (13:20 UTC) but Gold does not break the trend with the old peak price of 2163, then actively exit the Buy Gold order and switch to Strong Sell Gold target profit taking price is 2143 and further TP is 2126, if at this time Gold closes above the zone. Price 2152 hold the Buy order, wait for the target price to be 2170, further TP 2183 and wait for the NONFARM news.
Strategy 2. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) gold breaks through the price of 2153, actively sell Gold to target price of 2138, continue to monitor at this time 13.00-14.00 VN (7.00-8.00 UTC) Then Buy Gold again and wait for TP target price of 2158 which is the closest and further is 2166. The condition for holding a Buy Gold order is the time 17.00-18.00 VND (10.00-11.00 UTC). Gold closes the H1 candlestick and will consider the old Sideway price range of 2153. At this time, Gold does not close the candlestick above the price 2153, then proactively exit the Buy Gold order. To switch to Sell Gold and wait for the profit taking price range at 2126, after this time keep the order to enter the US session. On the contrary, Gold closes the candle above the price of 2153, holds the Buy Gold order until 20:20 VN (13:20 UTC), closes the candle price past 2158, exits the Buy Gold order, switches to Sell Gold and holds the Sell order in the US session and waits for the news. NONFARM.
