Trading Idea for Gold/XAUUSD on 26-27.03.2024
Overall, Gold is trending within a long-term upward channel.
XAUUSD is likely currently trading in a distribution phase (sideways movement) before starting a new cycle.
XAUUSD is currently ranging between $2147 - $2215/oz.
Trading Plan:
*Plan A: Buy around the range of $2150 - $2170. Cut losses completely at $2145. Short-term target: $2185. Medium-term target: $2200.
*Plan B: Only consider selling XAUUSD when it exits the trading range around $214x.
*Note: There's a possibility for Gold to reach new highs at $2262 - $2400.
The market always carries risks. This trading idea is for reference purposes only. Trade with a reasonable amount of capital and within a suitable risk management framework.
Overall, Gold is trending within a long-term upward channel.
XAUUSD is likely currently trading in a distribution phase (sideways movement) before starting a new cycle.
XAUUSD is currently ranging between $2147 - $2215/oz.
Trading Plan:
*Plan A: Buy around the range of $2150 - $2170. Cut losses completely at $2145. Short-term target: $2185. Medium-term target: $2200.
*Plan B: Only consider selling XAUUSD when it exits the trading range around $214x.
*Note: There's a possibility for Gold to reach new highs at $2262 - $2400.
The market always carries risks. This trading idea is for reference purposes only. Trade with a reasonable amount of capital and within a suitable risk management framework.
Nota
Nota
Price penetrating into the cloud, especially when the cloud is thin, signifies that the resistance zone may not be robust and could be easily breached.Nota
Nota
good ideas
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.