Today's gold trading idea

2023년 11월 7일

Today, gold on the D1 stochastic chart has fallen sharply and the histogram has begun to shorten. Yesterday, gold formed a marubozu candle. It is likely that today's candle will be a bullish candle. On the weekly chart, stochastic has in the overbought area and starting to show signs of decline, so today we will BUY 1969-1970 and cut short loss at 1967, we will SELL at 1980-1981 and cut loss at 1984 because if gold breaks those 2 stop loss points, then Gold can fall sharply or increase sharply, but if gold falls in 1970-1969, we will cancel the BUY order in 1980-1981 because gold will probably increase strongly again.