CTFX_Fintech

GOLD TRADING SCENARIO ON April 29, 2024:

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
GOLD TRADING SCENARIO ON April 29, 2024:

Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2321, then Buy Gold immediately. TP hopes to reach 2330, which is further than 2343, but there is a condition that requires at 6:00 p.m. Gold closes above 2328, and vice versa. Gold closes below 2328, then exit Buy and move. Sell ​​direction to 2296. Sell orders at this time can be held until 8:00 p.m. Gold breaks through 2321, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2318, then Sell always hold the order into the American session until the destination is 22303 , beyond 2296 .

Strategy 2. From now until 11-12 a.m. when gold goes back up to 2338, Sell Gold will always reach 2308. The condition is that at 6 p.m., gold closes below 2328, keep the Sell order and if it closes above 2328, take the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2341 - the further TP is 2352 and at 8pm Gold is still not over 2338, then Sell Gold immediately and still break 2338 then keep the Buy order in the US session - TP 2345, further than 2358.

Strategy 3. From 2:00 p.m. to 3:00 p.m., gold runs in the sideway 2326 - 2336, confirming to close above 2323, then Buy Gold to the target price of 2343. The condition is that at 8:20 p.m., if it breaks through 2335, hold the Buy order into the American session. At 2:00 p.m. - 3:00 p.m., confirmation of closing below 2338, Sell always holds 2313. If Gold confirms before 8:20 p.m., below 2330, 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.
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