3 possibilities for gold 10th-14th of March
Gold has been in one of the most difficult situation to trade.
I myself preferably to avoid in the middle trading until a clear break out in either H1 or H4 to formed and I've prepared myself a few points of interest to buy or sell when a certain point reach and a signal in smaller timeframe provided me to confirmation to buy or sell.
At the moment it's better to wait for clearer directions then to just be in the guessing game.
So, Preparation 'A' if gold can provide me a clear breakout of 2930 towards the upside and comes back to the current resistance, I shall look for buys in that area as long as M1 & M5 can provide a confirmation to BUY.
As for preparation 'B', preparing myself if gold were to stay sideways for the first few day as the last NFP what we witnessed was a very strong 2 side rejection area at 2926-2930 & 2902-2905.If this the case, then I shall look for buys and sell in the said areas as long as M1 & M5 can provide a confirmation to BUY or sell.
So, for last Preparation 'C' if gold can provide me a clear breakout of 2900-2895 towards the downside and comes back to the current support, I shall look for sells in that area as long as M1 & M5 can provide a confirmation to sell.
I myself preferably to avoid in the middle trading until a clear break out in either H1 or H4 to formed and I've prepared myself a few points of interest to buy or sell when a certain point reach and a signal in smaller timeframe provided me to confirmation to buy or sell.
At the moment it's better to wait for clearer directions then to just be in the guessing game.
So, Preparation 'A' if gold can provide me a clear breakout of 2930 towards the upside and comes back to the current resistance, I shall look for buys in that area as long as M1 & M5 can provide a confirmation to BUY.
As for preparation 'B', preparing myself if gold were to stay sideways for the first few day as the last NFP what we witnessed was a very strong 2 side rejection area at 2926-2930 & 2902-2905.If this the case, then I shall look for buys and sell in the said areas as long as M1 & M5 can provide a confirmation to BUY or sell.
So, for last Preparation 'C' if gold can provide me a clear breakout of 2900-2895 towards the downside and comes back to the current support, I shall look for sells in that area as long as M1 & M5 can provide a confirmation to sell.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.