With recent study of how market behaves for every year end cross over gold market usual show a strong buy at the end of the year.
This is caused by the purchasing of gifts and money circulating across all currencies.
Back testing this strategy which I was enlighted by a friend of mine. I feel it is the safest long term buy which we all can take advantage of the long term buy.
So looking at the period form 01st DEC to the 30th FEB the market moves 200 - 300pips, here are some examples of year end crossovers:
SHORT TERM SELL
Entry = 1487.00 - 1492.00
SL = 1503
TP 1 = 1431.00
TP 2 = 1414.00
TP 3 = 1403.50
LONG TERM BUY
Entry = 1403.00 - 1414.00
SL = Any Below 1382.00 (Due to previous rejection)
TP 1 = 1479.00
TP 2 = 1496.50
TP 3 = 1540.00 - 1550.00
#NB : FOR EDUCATIONAL PURPOSE ONLY
This is caused by the purchasing of gifts and money circulating across all currencies.
Back testing this strategy which I was enlighted by a friend of mine. I feel it is the safest long term buy which we all can take advantage of the long term buy.
So looking at the period form 01st DEC to the 30th FEB the market moves 200 - 300pips, here are some examples of year end crossovers:
- 2016 - 264pips
2017 - 255
2018 - 224
2019 - 290
2020 - 226 (possiblity)
SHORT TERM SELL
Entry = 1487.00 - 1492.00
SL = 1503
TP 1 = 1431.00
TP 2 = 1414.00
TP 3 = 1403.50
LONG TERM BUY
Entry = 1403.00 - 1414.00
SL = Any Below 1382.00 (Due to previous rejection)
TP 1 = 1479.00
TP 2 = 1496.50
TP 3 = 1540.00 - 1550.00
#NB : FOR EDUCATIONAL PURPOSE ONLY