Gold trading strategy opening day after Christmas 12/26/24
Updated
Gold Rises as Sydney Session Opens:
ld increased from 2615 at the opening of the Sydney session and is now approaching the 2628 zone, which had been highlighted earlier as a resistance level for observation. This zone is expected to attract liquidity. Currently, there is some reaction at this level, but traders should carefully watch whether the price has enough momentum here. If this resistance does not hold for the sellers, focus on price movements toward the upper zones. (Be sure to monitor the chart for detailed updates.)
Today, the Unemployment Claims report will be released. It is anticipated that this report might not be favorable for the USD. Looking at the overall results from previous years, the Unemployment Claims report often shows a high number of claims toward the year-end. This could create some pressure on the USD and potentially push gold toward higher key levels, where traders can plan for hold-and-sell opportunities.
Given today’s price range and the Bank Holiday in EU countries, it’s expected that the Unemployment Claims report and the initial market opening could cause price fluctuations within a range of 15-20 pips.
Trading Strategies:
Sell Scalp:
Entry: 2635 - 2637
Stop Loss (SL): 2641
Take Profit (TP): 2627 - 2625
Sell Zone:
Entry: 2648 - 2650
SL: 2654
TP: 2640 - 2635 - 2627 - 2620
Buy Scalp:
Entry: 2608 - 2605
SL: 2602
TP: 2615 - 2620
Buy Zone:
Entry: 2602 - 2600
SL: 2595
TP: 2610 - 2615 - 2620 - 2628
Key Notes:
- Pay close attention to the strategies and critical price zones for optimal trading results.
- Important breakout and breakdown levels, as well as reaction zones, have already been marked on the chart for reference. Be proactive in executing your orders.
*** GOOD LUCK!
ld increased from 2615 at the opening of the Sydney session and is now approaching the 2628 zone, which had been highlighted earlier as a resistance level for observation. This zone is expected to attract liquidity. Currently, there is some reaction at this level, but traders should carefully watch whether the price has enough momentum here. If this resistance does not hold for the sellers, focus on price movements toward the upper zones. (Be sure to monitor the chart for detailed updates.)
Today, the Unemployment Claims report will be released. It is anticipated that this report might not be favorable for the USD. Looking at the overall results from previous years, the Unemployment Claims report often shows a high number of claims toward the year-end. This could create some pressure on the USD and potentially push gold toward higher key levels, where traders can plan for hold-and-sell opportunities.
Given today’s price range and the Bank Holiday in EU countries, it’s expected that the Unemployment Claims report and the initial market opening could cause price fluctuations within a range of 15-20 pips.
Trading Strategies:
Sell Scalp:
Entry: 2635 - 2637
Stop Loss (SL): 2641
Take Profit (TP): 2627 - 2625
Sell Zone:
Entry: 2648 - 2650
SL: 2654
TP: 2640 - 2635 - 2627 - 2620
Buy Scalp:
Entry: 2608 - 2605
SL: 2602
TP: 2615 - 2620
Buy Zone:
Entry: 2602 - 2600
SL: 2595
TP: 2610 - 2615 - 2620 - 2628
Key Notes:
- Pay close attention to the strategies and critical price zones for optimal trading results.
- Important breakout and breakdown levels, as well as reaction zones, have already been marked on the chart for reference. Be proactive in executing your orders.
*** GOOD LUCK!
Trade active
Christmas gift to all brothers 50 pips from price range 2628 - 2630 trading is proactive
Trade closed: target reached
Sell scalp zone 35 - 35 yesterday, hit TP 80 PIPS this morning, price is around 2629 - 2630, wait for plan from AD.
🔻Simple Trading - Trading is not as difficult as you think.
❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
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