500 PIPS target gold trading strategy!Dear traders! Gold has ended the wave of adjustment in the context of market expectations that the US will follow the ECB in loosening monetary policy, in the direction of reducing interest rates in the near future. At that time, the USD will decrease in value compared to many other foreign currencies. Gold prices may increase even more in the future.
2 Plan to buy gold:
A. Wait to pull back to support 2370 to 2365 to buy again if we see gold does not surpass this level anymore.
B. If gold continues to fall through the support zone, wait to buy around 2357 USD in the next price increase! It is also the previous resistance structure.
Long term goal: 2400 for a big attack