GOLD TRADING STRATEGY ON March 12, 2024:
Strategy 1. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) Gold does not escape the 2175 price range, then you can Buy Gold and wait for the price target to be 2190. Gold waits at 13.00-14.00 before the European session. Gold has not reached the 2190 price range before reversing. Sell Gold again right now, the target price right now is 2173 and the expected Take Profit further is 2153. The condition to keep Sell Gold is at 17:00-18:00 when Gold closes the H1 candle above price 2176, then proactively exit the Sell Gold order and change the trend to Buy Gold, wait until the target price is 2191, at 19:20 and Gold does not break the trend. The old peak price is 2194, then proactively exit the Buy Gold order and move to Sell strongly. Gold target price to take profit is 2173 and the further TP is 2158. If at this time Gold closes above the price range of 2175, hold the Buy order and wait for the target price to be 2190 far. than TP 2205.
Strategy 2. From now until 10:00 - 11:00, gold breaks through the price of 2175, then proactively sell gold to target price of 2168, continue to monitor this time from 13:00 to 14:00, then buy gold again and wait for TP target price of 2178. nearest and further is 2190 . 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 2183. At this time, if Gold does not close the candlestick above the price 2183, then proactively exit the Buy Gold order to switch to Sell Gold and Wait for the profit taking price zone at 2175, after this time keep the order to enter the US session. On the contrary, Gold closes the candle at the price of 2183 and holds the Buy Gold order until 19:20. VN closes the candle at the price past 2188, exits the Buy Gold order, switches to Sell Gold and holds the Sell order at 2168.
Strategy 1. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) Gold does not escape the 2175 price range, then you can Buy Gold and wait for the price target to be 2190. Gold waits at 13.00-14.00 before the European session. Gold has not reached the 2190 price range before reversing. Sell Gold again right now, the target price right now is 2173 and the expected Take Profit further is 2153. The condition to keep Sell Gold is at 17:00-18:00 when Gold closes the H1 candle above price 2176, then proactively exit the Sell Gold order and change the trend to Buy Gold, wait until the target price is 2191, at 19:20 and Gold does not break the trend. The old peak price is 2194, then proactively exit the Buy Gold order and move to Sell strongly. Gold target price to take profit is 2173 and the further TP is 2158. If at this time Gold closes above the price range of 2175, hold the Buy order and wait for the target price to be 2190 far. than TP 2205.
Strategy 2. From now until 10:00 - 11:00, gold breaks through the price of 2175, then proactively sell gold to target price of 2168, continue to monitor this time from 13:00 to 14:00, then buy gold again and wait for TP target price of 2178. nearest and further is 2190 . 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 2183. At this time, if Gold does not close the candlestick above the price 2183, then proactively exit the Buy Gold order to switch to Sell Gold and Wait for the profit taking price zone at 2175, after this time keep the order to enter the US session. On the contrary, Gold closes the candle at the price of 2183 and holds the Buy Gold order until 19:20. VN closes the candle at the price past 2188, exits the Buy Gold order, switches to Sell Gold and holds the Sell order at 2168.
