Yesterday's candle was a strong green one, with a range of 27 pips and a body of 20 pips. Notably, it broke through the previous peak at 2149, reaching 2152. The trading volume for three consecutive days was consistently higher than the average, indicating a strong upward trend for gold prices. Regarding news: Yesterday had three pieces of news— one negative for...
Yesterday, the candle closed with a long red body, indicating a significant price pullback from 25. The price range of approximately 12 points suggests market indecision, waiting for a reaction. Important news today: Durable Goods Orders m/m at 20:30 (better for the currency if higher). The most recent occurrence was on January 25th, with negative news causing...
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...
My plan for today: Sell zone: 31-32 Buy zone: 08-09 Scalp orders: Sell at 24, buy at 15. Stop loss for all orders is set at 30 pips. Scalp orders can be closed with profits ranging from 30 to 60 pips, or they can be held for a longer duration.
On February 16th, After having a doji candle on the 14th, yesterday, the 15th, saw a green candle with relatively strong momentum, pushing the price up by 17 points. The vote today suggests a further increase. In terms of news: Today, there are some significant announcements. News: PPI core at 8:30 AM (higher than forecast, positive for money). The most recent...