Gold trade plan March18,2024
Monday, March 18th, the chart shows a potential short downward movement from last week, failing to break through the resistance at 2179-2172. For today, the main focus is on selling.
First selling point is the retest zone at 2152-2155. Short trade with a take profit (TP) of 500 points.
Second selling point is the H1 resistance zone at 2152-2155. Trade with a TP ranging from 500 to 1000 points.
If there isn't significant buying pressure today, consider taking short profits.
Buy at 2140 with a TP of 500 points.
Buy at 2134-2133 with a TP ranging from 500 to 1000 points.
These are the trading strategies for gold for today.
First selling point is the retest zone at 2152-2155. Short trade with a take profit (TP) of 500 points.
Second selling point is the H1 resistance zone at 2152-2155. Trade with a TP ranging from 500 to 1000 points.
If there isn't significant buying pressure today, consider taking short profits.
Buy at 2140 with a TP of 500 points.
Buy at 2134-2133 with a TP ranging from 500 to 1000 points.
These are the trading strategies for gold for today.