Gold and Forex strategy for investing in European markets

Gold is one of the most sought-after commodities for investment purposes in European markets. In addition, gold is also used as a financial or economic standard, foreign exchange reserves and the most important means of payment in many countries. Investors generally buy gold as a hedge or safe haven against many crises including economic, political, social or currency crises. Topic Contents Toggle Gold and Forex Strategy for Investing in European Markets A. Gold Trading History Over-the-Counter (OTC) Trading Advice for Investors 1.

Golden Strategy 2. GBPUSD Strategy 3. EURUSD Strategy 4.

USDJPY Strategy 5. USDCAD Strategy 6. USDCHF Strategy 7.

AUDUSD Strategy 8. NZDUSD Strategy Gold and Forex Strategy for Investing in European Markets The demand for physical gold has increased significantly from year to year. Although the world's gold reserves are very limited.

Therefore, many developed countries have introduced alternative investments in the form of gold derivative products by withdrawing a certain amount of margin as collateral for the transaction (margin trading). Why is margin required? This is because of the price factor, as the price of gold can also fluctuate like other commodities. A.

History of Gold Trading in the Commodity Market The term “Loco” means “in” and is derived from the Latin word meaning place. Loco London represents the international trading and settlement base for gold and silver in London. This market is implemented under the auspices of the London Bullion Market Association (LBMA), but is not an exchange. The largest spot gold markets in the world are London and Zurich, but London is the most prominent. London grew and dominated the gold market at a time when gold became the main currency. Important discoveries in the Ural Mountains (Russia) led to an increase in world gold production in the 18th century and this investment in European markets.

The mid-nineteenth century saw Britain dominate global trade and finance, as a source of capital for gold mining, and became the gold standard for the local currency, the British pound, so that London became a center for the world's gold trading and settlement. Over-the-Counter (OTC) Trading The London gold market is an over-the-counter market, meaning that trading takes place directly between the two parties involved, rather than through a third party that regulates the trade, such as an exchange. The OTC market operates 24 hours a day and has no formal structure or central meeting place. Most trading is done by telephone or electronic dealing system.

In today's global financial markets, gold is traded in London almost around the clock around the world. Investing in European markets is done by continuously displaying bid and ask prices in accessible financial market information systems such as Reuters. Apart from London, other major trading centers for gold in London include New York, Zurich, Tokyo, Sydney and Hong Kong, with Hong Kong being the commercial center of Asia.

Advice for investors After placing a position, if the movement does not follow the direction of the position taken and then undergoes a correction and approaches the entry price, it is recommended to close the position to avoid losses. 1. Golden Strategy Buy Point I: If it breaks above ((1808), it can look for a correction to take long positions, apply Stop Loss (SL) at $3, and Take Profit (TP) at (1812/1815/1818) Sell Points: If the price falls through (1805), look for a bounce to take a sell position, apply Stop Loss (SL) at $3, and Take Profit (TP) at (1798/1795/1792) 2.

GBPUSD Strategy Buy Points: If a break above (1.3603) can look for a correction to take a buy position, apply a Stop Loss (SL) of 16 points and a Take Profit (TP) target at (1.3633/1.3643/1.3653) Buy Points: If the price drops through (1.3583), look for a bounce to take a short position, apply a Stop Loss (SL) of 16 points and a target Take Profit (TP) at (1.3553 / 1.3543 / 1.3533). If the market price of GBPUSD rises after 15:30 WIB and cannot break through (1.3603), when the market movement cannot rise, you can invest in European markets by looking for a correction point to take a sell position by setting a stop loss (Stop Loss)) by 18 points after getting the profit, close your position immediately. If the market price drops after 15:30 WIB, and cannot break through the above number or a false breakout occurs, when the market movement cannot break downwards and there is an obvious price correction, you can look for a correction point to take (a) Buy position by setting a Stop Loss (SL) of 18 points after getting the profit, close your position immediately.

3. EURUSD Buy Points Strategy: If it breaks above (1.1349), look for a correction to take buy positions, apply a stop loss (SL) of 10 pips and a take profit target (TP) at (1.1373 / 1.1383 / 1.1393). Sell Points: If it goes down and breaks (1.1333), look for a bounce to take short positions, apply a stop loss (SL) of 10 pips and a take profit target (TP) at (1.1303/1.1293/1.1283).

If the price goes up after 15:00 Indonesian time, but still can't break through the EURUSD target (1.1349), when the market movement can't go up, you can take a sell position by setting a stop loss (SL) of 18 points after getting the profit, close your position immediately. If the market price declines after 15:00 WIB, and cannot break through the above figure or a false breakout occurs, when the market movement cannot break downwards and there is an obvious price correction, you can look for a correction point to take (a) Buy position by setting a Stop Loss (SL) of 18 points. After getting profit, close your position immediately.

4. USDJPY Buy Points Strategy: After (115.39), look for a correction to take a buy position, apply a stop loss (SL) of 10 points and a take profit target (TP) at (115.63 / 115.73 / 115.83). Sell points: At (115.23) a bounce can be looked for to take short trades (sell), apply a stop loss (SL) of 10 points and take profit (TP) at (115.03 114.93 114.73).

5. USDCAD Buy Points Strategy: At (1.2663), look for a correction to take buy positions, apply a stop loss (SL) of 10 points and a take profit target (TP) at (1.2683 / 1.2693 / 1.2703). Sell points: At (1.2643), look for a bounce to take short positions, apply a stop loss (SL) of 10 points and a take profit target (TP) at (1.2623 / 1.2613 / 1.2603).

6. USDCHF Buy Points Strategy: At (0.9269), look for a correction to take buy positions, apply a stop loss (SL) of 10 points and a take profit target (TP) at (0.9293 / 0.9303 / 0.9313). Sell points: At (0.9258), look for a bounce to take short positions, apply a stop loss (SL) of 10 points and a take profit target (TP) at (0.9233 / 0.9223 / 0.9213).

7. AUDUSD Buy Points Strategy: At (0.7197), look for a correction to take buy positions, apply a stop loss (SL) of 13 points and a take profit target (TP) at (0.7223 / 0.7233 / 0.7243). Sell Points: If prices go down and break (0.7178) they can look for a bounce to take sell positions, applying a 13 point Stop Loss (SL) and Take Profit Target (TP) at (0.7153/0.7143/0.7133).

Read also: The difference between Forex trading and gold trading 8. NZDUSD strategy Buy points: At (0.6777), look for a correction to take buy positions and invest in European markets, and apply a stop loss (SL) of 13 points and a take profit target (TP) at (0.6803 / 0.6813 / 0.6823). Sell points: At (0.6760), look for a bounce to take short positions, apply a stop loss (SL) of 10 points and a take profit target (TP) at (0.6733 / 0.6723 / 0.6713).

Pay close attention to the above strategy, Take Profit (TP) 1, 2 and 3, if the price can't break out effectively, then immediately take a sell position (if it can't break out effectively, then immediately buy put) Applying a Stop Loss (SL) order of 18 to 23 points is enough, after getting the profit you can close the position. Enter and exit the market quickly When market changes are confirmed, being able to change the stop loss and get a profit of up to 30-7 pips is not a big problem.