GOLD TRADING SCENARIO ON MAY 10, 2024:
Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2238, then Buy Gold right away. TP hopes to reach 2348 further than 2373, but there are conditions necessary at 6:00 p.m. Gold closes above 2343 and vice versa. Gold closes below 2343, then exit Buy and move Sell direction to 2323. Sell orders at this time can be held until 8:00 p.m. Gold breaks through 2333, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2333, then Sell always hold the order into the American session until the destination is 2321 , beyond 2303 .
Strategy 2. From now until 11-12 a.m. when gold goes back up to 2358, Sell Gold will always reach 2321. The condition is that at 6 p.m., gold closes below 2343, then keep the Sell order and if it closes above 2343, take the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2361 - the further TP is 2376 and at 20:00 Gold is still not over 2343, then Sell Gold immediately and still break 2343 then keep the Buy order in the US session - TP 2356, further than 2378.
Strategy 3. From 2:00 p.m. to 3:00 p.m., gold runs in the sideway 2343 - 2358, confirming to close above 2343, then Buy Gold to the target price of 2378. The condition is that at 8:20 p.m., if it breaks through 2353, hold the Buy order into the American session. At 14:00 - 15:00, if confirmed to close below 2358, Sell will always hold until 2336. When Gold confirms before 20:20 below, the order will still be kept 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.
Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2238, then Buy Gold right away. TP hopes to reach 2348 further than 2373, but there are conditions necessary at 6:00 p.m. Gold closes above 2343 and vice versa. Gold closes below 2343, then exit Buy and move Sell direction to 2323. Sell orders at this time can be held until 8:00 p.m. Gold breaks through 2333, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2333, then Sell always hold the order into the American session until the destination is 2321 , beyond 2303 .
Strategy 2. From now until 11-12 a.m. when gold goes back up to 2358, Sell Gold will always reach 2321. The condition is that at 6 p.m., gold closes below 2343, then keep the Sell order and if it closes above 2343, take the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2361 - the further TP is 2376 and at 20:00 Gold is still not over 2343, then Sell Gold immediately and still break 2343 then keep the Buy order in the US session - TP 2356, further than 2378.
Strategy 3. From 2:00 p.m. to 3:00 p.m., gold runs in the sideway 2343 - 2358, confirming to close above 2343, then Buy Gold to the target price of 2378. The condition is that at 8:20 p.m., if it breaks through 2353, hold the Buy order into the American session. At 14:00 - 15:00, if confirmed to close below 2358, Sell will always hold until 2336. When Gold confirms before 20:20 below, the order will still be kept 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.