CTFX_Fintech

GOLD TRADING SCENARIO ON April 24, 2024:

Long
CTFX_Fintech Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
GOLD TRADING SCENARIO ON April 24, 2024:

Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2310, then Buy Gold right away. TP hopes to reach 2321, which is further than 2332, but there is a condition that requires at 6:00 p.m. Gold closes above 2313, and vice versa. Gold closes below 2313, then exit Buy and move. Sell direction to 2288. Sell orders at this time can be held until 8:00 p.m. Gold breaks through 2305, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2305, then Sell always hold the order into the American session until the destination is 2296 , beyond 2278 .

Strategy 2. From now until 11-12 a.m. when gold rises to 2332 again, Sell Gold will always reach 2296. The condition is that at 6 p.m., gold closes below 2318, keep the Sell order, and if it closes above 2318, take advantage of the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2333 - the further TP is 2348 and at 20:00 Gold is still not over 2333, then Sell Gold immediately and still break 2333, then keep the Buy order in the US session - TP 2343, further than 2352.

Strategy 3. From 2:00 p.m. to 3:00 p.m., gold runs in the sideway 2315 - 2325, confirming to close above 2313, then Buy Gold to the target price of 2348. The condition is that at 8:20 p.m., if it breaks through 2333, hold the Buy order into the American session. At 2:00 p.m. - 3:00 p.m., confirmation of closing below 2328, Sell always holds 2296. If Gold confirms before 8:20 p.m., below 2313, he still holds the order to enter the American 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.
Trade active:
Gold runs according to strategic scenario 1.
BUY order 2310-2313 TP 2328-2333
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.