CTFX_Fintech

GOLD TRADING SCENARIO ON April 18, 2024:

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
GOLD TRADING SCENARIO ON April 18, 2024:

Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2358, then Buy Gold immediately. TP hopes to reach 2373, which is further than 2389, but there is a condition that requires at 5:00 p.m. Gold closes above 2375, and vice versa. Gold closes below 2375, 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 2358, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2358, then Sell always hold the order into the American session until the destination is 2343 , beyond 2332 .

Strategy 2. From now until 11-12 a.m. when gold goes back up to 2378, Sell Gold will always reach 2353. The condition is that at 5 p.m., gold closes below 2368, keep the Sell order and if it closes above 2368, take the opportunity to exit the Sell order and move to Buy Gold at the target price. The target is 2383 - the further TP is 2400 and at 7:00 p.m. Gold is still not over 2371, then Sell Gold immediately and still break 2371, then keep the Buy order in the US session - TP 2383, further than 2400.

Strategy 3. From 12:00 to 14:00, gold runs in a small range to confirm a close above 2363, then Buy Gold to the target price of 2388. The condition is that at 7:20 p.m., if it breaks past 2371, hold the Buy order in the American session. At 2:00 p.m., confirming the close below 2378, 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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