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Gold Forecast (03/03/2021) - Prepare for the next movement

OANDA:XAUUSD   Gold Spot / U.S. Dollar
BUY or SELL? Not clear, just act when the time comes. No need to rush. There will be a safe price for us to use our money. In this article, I will write 3 parts: (1) Summary of February (2) Prepare for long-term orders and (3) Short-term orders.

Summary of the gold trading orders in February


Order 1: Sell at 1845-1840, TP 177x.

Order 2: BUY from 176x, TP 181x. I didn’t enter this order.

Order 3: Sell from 182x or Sell immediately when the price collapses at 1760. For me this is not considered an order because it’s unexpected. But some of you already entered this one , so I count it as the third order.

Good price zones to watch for now

SELL: 176x.


BUY: from under 1700 to 167x.

Divide times to Buy. For example, when the price goes down to 1700, buy a little. When it falls down to 168x, buy again and finally buy at 1678. If the price bounces back, we hit the jackpot. If it collapse, we hit the SL – close the position.


It may take time for me and you to enter the positions above. But the money is made from the moment we start waiting until we enter the position. After that, wait for the answer from the market.

I can wait a month just to place one order. It’s OKAY! Safety is what matters the most. And once I’m in, the TP level must be large enough.

USDindex

If the Dollar goes straight to 92.00 as I predicted, it would be possible that the gold price will drop below 1700.


Day-trading positions

According to the request of some people who like to surf, I give you 2 positions. If it’s right, enter the trade. if not, then stop.

Order 1: BUY - under 1720 - 30% chance to win. Here there is a support zone . When the price fluctuatés, find a safe entry point to enter. TP depends on you – SL at 1705.


Order 2: SELL - over 176x - 70% chance to win. Downtrend + the resistance zone = SELL. SL is a little bit far (200 - 300 pips).

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