GOLD TRADING SCENARIO ON MAY 7, 2024:
Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2208, then Buy Gold immediately. TP hopes to reach 2318, which is further than 2333, but there are conditions necessary at 5:00 p.m. Gold closes above 2316, and vice versa. Gold closes below 2316, then exit Buy and move. Sell direction to 2298. Sell orders at this time can be held until 20:00. Gold breaks through 2313, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2313, then Sell always hold the order into the American session until the destination is 2298 , beyond 2276 .
Strategy 2. From now until 11-12 a.m. when gold rises to 2328 again, Sell Gold will always reach 2308. The condition is that at 5 p.m., gold closes below 2323, keep the Sell order, and if it closes above 2323, exit the Sell order and switch to Buy Gold at the price. The target is 2329 - the further TP is 2342 and at 7:00 p.m. Gold is still not over 2323, then Sell Gold immediately and still break 2323, then keep the Buy order in the US session - TP 2336, further than 2348.
Strategy 3. From 2:00 p.m. - 3:00 p.m., gold runs in the sideway 2316 - 2328, confirming to close above 2316, then Buy Gold to the target price of 2338. The condition is that at 8:20 p.m., if it breaks through 2323, hold the Buy order into the American session. At 2:00 p.m. - 15:00 p.m., confirming the close below 2328, Sell always holds until 2296. If Gold confirms before 20:20 below 2321, the order will still be kept in 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.
Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2208, then Buy Gold immediately. TP hopes to reach 2318, which is further than 2333, but there are conditions necessary at 5:00 p.m. Gold closes above 2316, and vice versa. Gold closes below 2316, then exit Buy and move. Sell direction to 2298. Sell orders at this time can be held until 20:00. Gold breaks through 2313, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2313, then Sell always hold the order into the American session until the destination is 2298 , beyond 2276 .
Strategy 2. From now until 11-12 a.m. when gold rises to 2328 again, Sell Gold will always reach 2308. The condition is that at 5 p.m., gold closes below 2323, keep the Sell order, and if it closes above 2323, exit the Sell order and switch to Buy Gold at the price. The target is 2329 - the further TP is 2342 and at 7:00 p.m. Gold is still not over 2323, then Sell Gold immediately and still break 2323, then keep the Buy order in the US session - TP 2336, further than 2348.
Strategy 3. From 2:00 p.m. - 3:00 p.m., gold runs in the sideway 2316 - 2328, confirming to close above 2316, then Buy Gold to the target price of 2338. The condition is that at 8:20 p.m., if it breaks through 2323, hold the Buy order into the American session. At 2:00 p.m. - 15:00 p.m., confirming the close below 2328, Sell always holds until 2296. If Gold confirms before 20:20 below 2321, the order will still be kept in 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.
