Gold trading strategy today - sideways

3月10日

🔔🔔🔔Gold News:

👉Gold is back on the rise due to a severe weakening of the US dollar. The precious metal has regained above $2,900 after suffering heavy losses in late February.

👉Inflation data from the US and political headlines could continue to boost gold prices in the near term. The short-term picture shows buyers struggling to maintain control. The bullish trend remains intact but the uptrend is still lacking momentum.

Personal opinion:
👉There is no news today that will have a strong impact on the gold market, so it will be sideways.

👉Rely on techniques to get the best entry point at the best price

Technical analysis:
👉Rely on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy

Support level: 2.909 2.900 2.893
Resistance level: 2.930 2.941 2.956

Plan:
🔆Price Zone Setup:

👉Buy Gold 2.909 – 2.907 (Scalping)
❌SL: 2.904 | ✅TP: 2.914 – 2.920 – 2.928

👉Buy Gold 2.894 – 2.892
❌SL: 2.887 | ✅TP: 2,899 – 2,905 – 2,910

👉Sell Gold 2.928 – 2.930
❌SL: 2.935 | ✅TP: 2.924 – 2.918 – 2.913

FM wishes you a successful trading day 💰💰💰

3月10日

交易進行

Get +40 pips if you follow FM plan, are you happy? 💰💰💰

3月10日

註釋

Round 2, hit +60 pips from 2907
congratulations