Gold has increased too much and it's time to stop
Updated
⚡️Market news
Currently, the price of gold on the exchange is still performing well and trading steadily around the $1932 mark, which is an increase of approximately $7 compared to the same time yesterday. This indicates that gold continues to remain attractive without losing its appeal.
This week, the FED will announce new monetary policies and provide updated economic forecasts. Whether or not there will be an interest rate hike will directly impact the price of gold, so let's wait for more information from ad.
⚡️Optimus's point of view
Hello dear friends!
I am delighted to once again explore and share about today's market with you.
Yesterday, gold surpassed the resistance level at 1928 and is now at a new resistance level of $1933. The next target for gold will be $1938. At this point, it is highly likely that there will be a slight downturn in order to gain momentum for further growth. Best of luck to all of you!
⚡️Plan trading
Scalping
BUY GOLD: 1925-1927
SL 1920
TP 1935
Main Trading
BUY GOLD: 1915-1917
SL 1910
TP 1930
SELL GOLD: 1938-1940
SL 1944
TP 1930
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Currently, the price of gold on the exchange is still performing well and trading steadily around the $1932 mark, which is an increase of approximately $7 compared to the same time yesterday. This indicates that gold continues to remain attractive without losing its appeal.
This week, the FED will announce new monetary policies and provide updated economic forecasts. Whether or not there will be an interest rate hike will directly impact the price of gold, so let's wait for more information from ad.
⚡️Optimus's point of view
Hello dear friends!
I am delighted to once again explore and share about today's market with you.
Yesterday, gold surpassed the resistance level at 1928 and is now at a new resistance level of $1933. The next target for gold will be $1938. At this point, it is highly likely that there will be a slight downturn in order to gain momentum for further growth. Best of luck to all of you!
⚡️Plan trading
Scalping
BUY GOLD: 1925-1927
SL 1920
TP 1935
Main Trading
BUY GOLD: 1915-1917
SL 1910
TP 1930
SELL GOLD: 1938-1940
SL 1944
TP 1930
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Note
Wait to see if gold breaks out of the 1933 price range and closes the h1 candle above the 1935 range to form a short-term uptrend.Gold consolidates below two-week high at $1,937, Fed decision noticed
Note
The short-term buying strategy is about to match. Please pay attention to have an entry pointTrade active
Gold price is gradually decreasing and finding our entry pointTrade active
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