DucFI

Plan for February 21, 2024:

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Plan for February 21, 2024:

Yesterday, My plan was successful as the price reached the 31 zone and then surged by 70 pips. The decrease in momentum, around 50% of the previous zone, indicates a continuing short-term upward trend.
In terms of news: Today, there are no major news releases.
Buy/sell zones for the day are as follows:
Sell 01: 31-32.
Sell 02: 38-40 (everyone should refer to the Fibonacci description).
Buy 01: 2014.
Buy 02: 08-09.
Scalp orders: Buy at 23, sell at 31. All orders have a stop loss set at 30 pips. If the price is in the boundary signal zones (for example, for 38-40, placing one order at 38 and another at 40), both orders have a stop loss of 30 pips.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.