Gold, WTI Crude Oil, True Targets, Strategies, near term Commodity Price Movements -Forecast 15
|URGENT PAIR XAU/USD (GOLD) – WEEKLY CHART:
1. Uptrend XAU/USD (GOLD) Entry - 1306.07, Target - 1341.29/1357.29, Support - 1283.02
ULTRA SPECIFIC CETERIS PARIBUS STRATEGY:
“Without strategy and execution, a great idea will remain just a good idea.”- Dominic
By keeping in mind the daily target price constant trade frequently 3- 4 times a day. Maintain a free margin level approx 200%. With this trader can hold open positions up to 600 pips (approx) if opposite scenario happen. It is applied in a 1:10 leverage setting (Adjust Floating Leverage). Hold the open positions overnight in case of verified short term trend for maximum profit.
Always distribute total trading volume in two pairs.
UNIQUE TRADING PROCESS:
Trading process is based on ZIGZAG Analysis and combining with ADX. First, predicting buy/sell any type (limit/stop) intraday. Second, identifying any type of hourly candlestick pattern formation, it is suggested to enter 1st position (buy/sell) at any level between the average of daily entry and sl price.
Third, try to book initial quick profit to verify predictions validity. This process can be repeated twice or thrice in sidewise market. Also distribution of positions by averaging method will be helpful. This way we can maximize intraday profit, provided that the daily market direction is verified and holds true.
Fourth, on the fundamental side we will check the price action more during the news in economic calendar on CPI (Consumer Price Index) data of EUROPE, UK, USA, JAPAN, CANADA, SWEDEN, and SWITZERLAND. Trade deficit data is important to follow for more volatility.
USEFUL MARKET DIRECTION | TRADING LEVELS:
The price is always changing, will you lead or follow?
Macroeconomic data for oil:
| Friday, Mar 01 | |||||
| 01:15 |
|
|
|
|
|
| 13:30 |
|
|
|
1.8%
|
|
| 13:30 |
|
|
0.4%
|
0.2%
|
|
| 13:30 |
|
|
0.2%
|
0.1%
|
|
| 13:30 |
|
|
|
0.1%
|
|
| 13:30 |
|
|
|
1.9%
|
|
| 13:30 |
|
|
0.3%
|
0.4%
|
|
2. Uptrend WTI (CRUDE OIL) Open- 57.06, Target - 58.76/60.02, Support - 55.04
“Every correct Decision you make takes you one step closer to being Wealthy and Successful”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.