FX.co ★ Control zones for GOLD on 24.07.19

Today's trading plan is to find favorable prices for both purchase and sale. Sales become relevant in the 1/2 WCZ of 14.35.84-1433.84. If the test of this zone leads to the appearance of a large offer and forms a pattern of "false breakdown", then it is necessary to open a short position. The goal of the fall will be a weekly control zone.

Working within the framework of the flat obliges to fix part of the position at the borders and transfer the balance to breakeven.

The second model for purchases will be relevant if the gold drops again to a weekly control zone. This will allow considering the pattern of "false break" to buy and the goal of growth will be the maximum of yesterday.

Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.

Weekly CZ - weekly control zone. The area formed by marks from the important futures market, which changes several times a year.

Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.

Work within the framework of the flat obliges to fix part of the position at the borders and transfer the balance to breakeven.

The second model for purchases will be relevant if the gold drops again to a weekly control zone. This will allow considering the pattern of "false break" to buy and the goal of growth will be the maximum of yesterday.

Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.

Weekly CZ - weekly control zone. The area formed by marks from the important futures market, which changes several times a year.

Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.