Daily GOLD Market Analysis ⚡
Data as of: April 3, 2068, 1:09 PM (GMT+7)
Current Price: $3,128.44
Previous Weekly High (PWH): $3,086.83
Previous Weekly Low (PWL): $3,002.32
- Short-Term Trend:
- Bearish OB signals detected, indicating increased selling pressure.
- Money flow starting to drain, EMA 50 crossing EMA 200 downwards, suggesting a downtrend.
- Trend Strength signaling a sell.
- Summary: 65% downward trend.
- Mid-Term Trend:
- Currently in a sideways trend, but with selling pressure targeting Buyside Liquidity.
- EMA 50 and EMA 200 are still in a sideways pattern.
- Summary: 55% downward trend.
- Long-Term Trend:
- Still in an uptrend, but weakening, with Buyside Liquidity as a target.
- EMA 50 and EMA 200 in an uptrend.
- Summary: 60% upward trend.
- Today's Trend:
- The summary of today's trend shows a 60% downward trend.
Example Trading Strategies (Daily Trade Setup):
- Strategy 1: Short-Term Profit Taking (Sell)
- Entry Price: $3,130
- Target Price: $3,110
- Stop Loss: $3,135
- Risk-Reward Ratio (RR): 1:4
- Description: Wait for the price to rebound to the entry price and form a Bearish candlestick reversal before entering a Sell order.
- Strategy 2: Set a Pending Sell Order (Sell)
- Entry Price: $3,133
- Target Price: $3,115
- Stop Loss: $3,137
- Risk-Reward Ratio (RRR: 1:4.5
- Description: Place a pending Sell order at the entry price with specified target and stop-loss levels.
- Strategy 3: Short-Term Profit Taking (Buy)
- Entry Price: $3,100
- Target Price: $3,110
- Stop Loss: $3,095
- Risk-Reward Ratio (RRRR 1:2
- Description: Wait for the price to retrace to a significant support level and form a Bullish candlestick reversal before entering a Buy order.
Cautions:
- The market is highly volatile; rigorous risk management is crucial.
- Stay updated on news and fundamental factors that may impact the price.
Disclaimer:
- This analysis is for personal opinion only and does not constitute investment advice. Investors should conduct thorough research and exercise caution.
I hope this information is helpful to everyone!
