GOLD TRADING STRATEGY ON March 7, 2024:
Strategy 1. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) Gold does not escape the 2152 price range, this price range can sell Gold waiting for the price target of 2143. 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 2143, then reverse to Buy Gold right now, the price target at this time is price 2153 and Take profit expected further is price 2063. The condition to hold Buy Gold is at 17.00-18.00 VN (10.00-11.00 UTC). Gold closes the H1 candle above 2150, then proactively exit the Buy Gold order and change the trend to Sell Gold and wait until the target price is 2141, at 20: 20 VN (13:20 UTC) if Gold does not break the trend with the old peak price of 2152, 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 is 2152. Hold the Buy order and wait for the target price to be 2170.
Strategy 2. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) gold breaks through the price of 2145, actively sell Gold to target price of 2126, 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 closest and further is 2170. 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 2152. At this time, Gold does not close the candlestick above the price 2152, then proactively exit the Buy Gold order. To switch to Sell Gold and wait for the profit taking price range of 2120, after this time keep the order to enter the US session. On the contrary, Gold closes the candle above the price of 2152, 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 into the US session and waits for the FED Chair. Powell Testifies.
Strategy 1. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) Gold does not escape the 2152 price range, this price range can sell Gold waiting for the price target of 2143. 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 2143, then reverse to Buy Gold right now, the price target at this time is price 2153 and Take profit expected further is price 2063. The condition to hold Buy Gold is at 17.00-18.00 VN (10.00-11.00 UTC). Gold closes the H1 candle above 2150, then proactively exit the Buy Gold order and change the trend to Sell Gold and wait until the target price is 2141, at 20: 20 VN (13:20 UTC) if Gold does not break the trend with the old peak price of 2152, 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 is 2152. Hold the Buy order and wait for the target price to be 2170.
Strategy 2. From now until 10.00 - 11.00 VN (04.00 - 05.00 UTC) gold breaks through the price of 2145, actively sell Gold to target price of 2126, 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 closest and further is 2170. 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 2152. At this time, Gold does not close the candlestick above the price 2152, then proactively exit the Buy Gold order. To switch to Sell Gold and wait for the profit taking price range of 2120, after this time keep the order to enter the US session. On the contrary, Gold closes the candle above the price of 2152, 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 into the US session and waits for the FED Chair. Powell Testifies.
