RioNguyenCFD

In our group, we secured profits in two rounds when gold hit an all-time high of $3045. Currently, we are still focusing on selling at $3040-$3045, as this is the liquidity grab zone for sellers.I believe we can still trade within the sideway range, and be cautious of the two liquidity sweep zones as I have marked in the image.Sell Liquidity 3040-3045: We can place Sell Limit orders in this area.Buy Liquidity 3020-3025: We can place Buy Limit orders in this area.The reason for this sideway phase of gold is that the market is awaiting the Fed meeting at 1:30 AM tomorrow, March 20th. After that, a strong trend will emerge. My plan is still leaning towards the Buy side, as the market is currently concerned about a potential economic recession in the US.Therefore, we can focus on making small profits during this sideway period and wait for the next upward wave. Thank you for your review, and I hope you'll stay longer by pressing Follow.

First off, congratulations to those who entered a Buy order following yesterday's plan that I posted earlier.Gold is currently forming a small sideways range around the 2980-2990 area, and I believe there will be another upward push to grab liquidity from those entering SELL orders around this zone. This will create market panic, reaching a peak where no one dares to participate anymore. At that point, Gold will experience a strong correction.Therefore, today's Asian and European sessions will likely see a sideways range between 2980-2990, and the beginning of the US session will see an upward push to grab liquidity above the 3000 USD/oz level. The US session will then conclude with a price drop. If Gold's scenario plays out as expected, we can anticipate a profit-taking day from investors next MondayThank you for your review, and I hope you'll stay longer by pressing Follow.As we expected, the gold price has experienced another upward swing to capture the liquidity of sellers below the 3000 price area, and is currently in our sell waiting zone of 3015-3020.

The US CPI data yesterday was 2.8%, compared to the previous month's 3%, showing a slight decrease of 0.2%. This has led investors to strongly anticipate that the Fed will cut interest rates twice in 2025.Our next trading plan, following the successful trading session on March 11th, will be:Buy when the price has formed a peak and retraced to the 61.8% Fibonacci level (20930-2933). SL (Stop Loss): 5 points, TP (Take Profit): open.Aggressive Buy when the price is more favorable in the Fibonacci (38.2%-50%) zone (2920-2925). SL: 5 points, TP: Open (maximum of 3 orders for this zone)Thank you for your review, and I hope you'll stay longer by pressing Follow.

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t is likely that today, Monday, gold will break below the 2900-2905 support area to move down towards the 50% Fibonacci level to liquidate all BUY orders in the 2880-2900 zone, and will then adjust strongly upwards again in the mid-week and weekend sessionsWishing you all profitable trading. RioNguyenThe gold order has been triggered, the target will be the 2925 area, take profit 50% of the volume."

Today the market has no outstanding news, and is waiting for NonFarm news tomorrowso today is likely to be a sideways range in the area from 2900-2925Hope you get good buy sell prices in this rangeSELL: price range 2925-2930SL: 2935TP: 2900BUY: price range 2890-2900SL: 2895

Do you think GOLD will go up or down today with the Nonfarm news?In the Asian and European sessions, gold will still have a sideways range, but the range will be smaller than yesterday.The price reaction will be from the 2916-2919 area down to 2900. And it's likely that today's Nonfarm news will be a liquidity sweep of buy orders to the 38.2% Fibonacci level, which is the 2970-2980 price range-In summary, this analysis predicts that:+ Before the Nonfarm news is released, the price of gold may trade within a narrow range.+When the Nonfarm news is released, there is a possibility that the price of gold will make a temporary sharp move up to around 2970-2980 to "sweep liquidity" from buy orders, before potentially reversing downward.