CTFX_Fintech

GOLD TRADING SCENARIO ON April 17, 2024:

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
GOLD TRADING SCENARIO ON April 17, 2024:

Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2375, then Buy Gold immediately. TP hopes to reach 2383, which is further than 2400, but there is a condition that requires at 5:00 p.m. Gold closes above 2383, and vice versa. Gold closes below 2383, then exit Buy and move. Sell direction to 2358. Sell orders at this time can be held until 7:00 p.m. Gold breaks through 2378, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2378, then Sell always hold the order into the American session until the destination is 2363 , beyond 2336 .

Strategy 2. From now until 11-12 a.m. when gold rises to 2393 again, Sell Gold will always reach 2373. The condition is that at 5 p.m., gold closes below 2386, keep the Sell order, and if it closes above 2386, take advantage of the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2396 - the further TP is 2412 and at 7:00 p.m. Gold is still not over 2391, then Sell Gold immediately and still break 2391, then keep the Buy order in the US session - TP 2402, further than 2418.

Strategy 3. From now until 2:00 p.m., gold runs in a small margin to confirm a close above 2378. Buy Gold to the target price of 2398. The condition is that at 7:20 p.m., if it breaks past 2383, hold the Buy order in the American session. At 2:00 p.m., the bottom close is confirmed. Sell always hold until 19:20, 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.
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