Comment on Gold on May 31, 2021

 At the end of last week's session, precious metal Gold had another gaining week from 1872 to 1912 ($40) and closed the week with a bullish candle around 1903. This is the 4th week of consecutive gains.  continues of this precious metal and has not shown any sign of decreasing again, so it is likely that in the beginning of today's session, Gold will still be supported in the uptrend.

 - On the D1 daily chart time frame, we can see a strong upward push and if Gold breaks out of the 1912 "old peak" price zone, it is likely that Gold can go to the 192x-193x price zone.  Up to this price area we will consider the signals to sell down with this precious metal.

 - Today is also the last day of May, so tonight we need to pay attention to the profit taking rhythms of investors because May is the month when Gold has rebounded very strongly.

Gold Signals: 

The Best Forex Trading Strategies that work in 2021

 

A forex trading strategy will help you to decide when to buy and when to sell a currency pair. This involves studying the fundamental and technical factors. So when it comes to choosing the best forex trading strategy, we would tell you that there is no single answer to this. All the forex trading strategies are unique and what might work for one investor might not work for another investor.

Things to be Considered Before Considering Forex Profit Strategies

While considering the best forex trading strategy for yourself, you should consider the following factors.

#1. Your Time Horizon

Are you investing for short-term, medium-term or long-term/

#2. Your Risk Bearing Capacity

What are the profit and loss targets that you have set in the forex market?

#3. Your Trading Style

Are you an Intraday trader or buy-and-hold trader?

After considering all of the above factors it is important to choose the best forex trading strategy that works for you.

Here is a list of trading strategies that work:

1. Price Action Trading

2. Range Trading

3. Position Trading

4. Trend Trading

Comment on Gold on May 28, 2021

 In yesterday's trading session, precious metal Gold fell from 1903 to 1888 ($ 15) then recovered to 1898 closing the session with a doji candle.  Combined with yesterday's bearish candle, our opinion today has not changed much, we still favor a slight correction of precious metal Gold after many weeks of increasing price.

 - Switching to the H4 time frame, the nearest resistance can establish a sell state for the precious metal Gold around 1897-1900.  Here we can establish a short position with Gold.  The safe target would be around 1888-1891.  This is also the support area of ​​MA20 band above H4 that Gold has not broken yet.  If we can break this price range today, we will be able to move down to 1875. This is the price range where I expect Gold can drop in yesterday's session. If we can reach here, we will be liquid.  sell out and wait for a new golden long beat.

Gold Signals

Gold comment on May 27, 2021

  ‼️In yesterday's session, after precious metal Gold bounced up around 1912, it fell back to 1890 ($22) and closed yesterday's session with a bearish candle around 1912.  threshold 1896. With this drop, it has shown that the uptrend has started to limit and gradually selling force appears.  Therefore, in today's trading session, our plan will be to prioritize selling.

 - Considering the H4 time frame, we can wait for this metal to return around the 1900-1904 price level to establish a sell position with the target as the support area around 1885. Here we liquidate the order to wait.  Wait for the next signal.  If today the precious metal crosses the threshold of 1870-1875, it is highly likely that Gold will have a deep correction after many weeks of strong price increases.

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