Trading Strategy for April 2nd

Apr 02 at 04:42
63 Views
2 Replies
Biedrs kopš   9 ieraksti
Apr 02 at 04:42

Gold prices have resumed an upward trend after breaking through key resistance levels. Clients may consider the following strategy:

- Buy Zone: $3,122 - $3,125- Absolute Stop Loss: $3,115- Take Profit Targets: $3,135 - $3,148 - $3,156


Biedrs kopš   3 ieraksti
Apr 02 at 23:35 (labots Apr 02 at 23:35)

Gold's just hit $3,150—and that buy zone at $3,122-3,125 feels pretty low. That $3,115 stop loss is going to be awfully tight in this kind of volatile market—especially with Trump's tariff news driving prices.


I think it makes more sense to scale in. Buy some now around $3,130-3,140, and add to that position if it dips towards $3,100. This bull trend has some serious momentum behind it.


You don't have to cap your profits so quickly during all-time highs. Let some of your position run instead of taking full profits at $3,156. Why sell too soon? Gold mining stocks are worth a look too. They offer that leverage to gold prices—and sometimes dividends while you wait.


Biedrs kopš   51 ieraksti
Apr 05 at 01:25

The narrative for gold has flipped. 

My trades are available for social copying at IC Social. Find me on X @blufxnet.
Pieslēgties / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Spams netiks pieļauts, un tā rezultātā var slēgt kontu.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.