XAUUSD:20/10 Today’s Trading StrategyGold opened in early trading and continued to rise. The high reached 1982. In the short term, it touched the previous high point in July. It was originally expected that this trend would be a rise and fall yesterday. The reason for the current rise and fall in this area is also based on the structure of this rise. I think It is close to starting the adjustment mode. On the market, the pressure on the early pressure retracement point of the 1990 area is obvious, so this area gradually begins to bear a bearish view. The short-term support point below focuses on the 1950-1960 range of yesterday's intensive trading area.
The market once again returned to the early period of 1940 to 1985 area shocks. On Wednesday, there was a 2 billion large order in the 1962 area. After a roller coaster break, it showed that the bulls continued to rise after washing the market again. Then the top-bottom switch today's early trading 1962 is the long area. Of course, the pressure is now at 1985 To the 1990 area, if there is a breakthrough here, there is a high probability that the 2000 point will be touched.
Trading will be closed after Friday today, and there will be another two-day news vacuum period, which can push up risk aversion at any time. Gold and crude oil rose simultaneously in the middle of the night yesterday, indicating that the market's risk aversion is still there, so now there is a great risk in pursuing the long position in 1980. Today's short-term operation of gold will focus on the 1985-1987 first-line resistance in the upper part, and the 1960 first-line support in the lower part;
BUY:1966~1964
SL:1960
TP1:1972
TP2:1976
SELL:1984~1986
SL:1990
TP1:1976
TP2:1972
Goldlongterm
XAUUSD: Thursday Gold AnalysisGold market analysis: Gold 4-hour level: At this time, it is still under the 10-day moving average and has been falling slowly. However, there are temporary signs of consolidation in the small range at the bottom. There is also a golden cross under the MACD zero axis and a gradual increase in volume. We need to observe this kind of shock. Can it continue for two or three days? When the consolidation time is longer and the middle track is gradually pushed downward, once it stands on the middle track, it means that the prototype of the bottom stabilizing structure has appeared. At that time, there will be a wave of upward corrections. Currently, it still needs Continue to wait and see; the short-term mid-rail is mainly bearish on rallies below 1840. When the rebound touched the 1833 line, which was the previous starting point and fall position, because the rebound failed to break through this key pressure level, the downward pattern was not broken. This is one of the reasons why we have always insisted on shorting. In yesterday's U.S. market, around the 1829 line, we firmly maintained our short position and traded profitably. With the upward and downward trend after the rebound, the price returned to the 1820 line. The entire rebound process ended and the market returned to a short position. Therefore, continuing to go short has become an inevitable choice. However, judging from the 4H/1H candle chart, the resistance of 1815 is still effective. The big upward or downward direction still needs to wait for the release of tomorrow's non-farm employment data.
Taken together, today's gold short-term top focus is on the resistance of 1830-1833, and the bottom short-term focus is on the support of 1815-1804;
SELL:1828-1830
SL:1836
TP1:1820
TP2:1815
TP3:1810
Look at the support near 1815 and go long
XAUUSD: 6/10, super data day is comingData released by the U.S. Department of Labor showed that the number of people filing for unemployment benefits in the latest week was 207,000, the lowest level in a year. Ohio and Alabama saw the largest declines in jobless claims, while claims rose in California. The monthly jobs report due out on Friday will provide more information on the job market. Economists expect nonfarm payroll growth to slow but remain healthy. U.S. bond yields surged to multi-year highs, driving wild market volatility. Friday's NFP and next week's inflation data will determine whether the 10-year Treasury yield rises to 5% or falls to 4.5%.
Traders see a roughly 37% chance the Fed will raise interest rates again this year, according to the CME Fedwatch tool. Gold is highly sensitive to rising U.S. interest rates, as this increases the opportunity cost of holding gold. As the end of the year approaches, we do think gold prices will appreciate next year, and we think the Fed will cut interest rates more than the market currently expects. Investors will look forward to Friday's U.S. non-farm payrolls (NFP) report, which is expected to show the labor force fell to 170,000 from 187,000. A failure to live up to the headline number could give gold prices some much-needed boost on the charts, while a "fail" scenario could see prices continue to fall.
Today is a super data day. There is no strategy suggestion. Let’s wait for DXY to give direction first. If DXY is still in the range of 107.69~105.648, it means that gold will continue to fluctuate and consolidate. Wait for today's NFP announcement and observe the DXY trend. If you trade gold, it is recommended to start next week.
XAUUSD:9/10 Today’s Trading StrategyFrom a daily perspective, gold rebounded from a low last Friday and closed at the Zhongyang line. From a disk perspective, the gold price trend last Friday was similar to last Thursday. After the gold price fell briefly due to the impact of the data, there was a short-term buying trend. At present, the daily closing line is a yang, which ends the nine consecutive yin. The MACD fast and slow lines diverge upward after the golden cross, and the RSI shows a bottom divergence. However, sideways movement that follows a decline is generally more likely to be a bearish relay. However, trading volume and correction needs at the 4-hour and daily levels have not been met. Therefore, I prefer that gold is currently in a volatile trend rather than continuing to decline.
Looking at the 4-hour chart, gold opened near the middle track last Friday. It fell after hitting a low after the evening data was released and then rebounded. It broke through the upper track and closed sideways at the intraday high. The Bollinger Bands are currently in the opening period, and the MA The three lines of the moving average are moving forward, the three lines of the KDJ stochastic indicator are upward, reaching overbought, the red kinetic energy column of the MACD indicator is increasing, and the golden cross of the fast and slow lines is upward. Gold bulls have begun to stabilize after the non-agricultural sector, and it continued to rebound by nearly 20 points before closing. Overall, it shows that the strength of the short positions has begun to slowly dissipate, and the market will gradually confirm the long position. Taken together, the gold day operation idea suggests that callbacks should be the main focus, rebounds are shorts, and the top short-term focus should be on the 1865-1868 first-line resistance. . Since gold opened higher than 20USD, we still have to wait for the US market to show a retracement before making a decision to go long.
SELL:1865-1868
SL:1873
TP1:1858
TP2:1852
Gold – 10 YR Price Targets and My Trade PlanHistory doesn’t repeat; it rhymes. I’m of the belief we will see a modern era “Great Depression.” If they actually call this the “Great Depression II” you’ll officially know all creativity in the world has been destroyed.
I believe that GOLD will eventually hit 5,800 – 6,200 within 10 years. I believe the final impulse will happen in 2031.
TL:DR
2023 will test higher, reject and provide a final opportunity for great LONG entries
Monthly chart shows a clear trade plan, outlined below
RDA is first and foremost, followed by 4D RDA and momentum indicators
Risk could be high given geopolitical and societal changes
2023 on Chart
Outlined on the current chart are the impulses I see likely in 2023. Important reaction areas:
As long as the weekly chart stays bias and momentum long it does appear there will be a third test of the rejection area right around $2,080.
One thing to note is this might be an overshoot to 2,174 area of where the RDA extreme band created a short value range.
This price action would occur after 2nd quarter 2023 and would be a false breakout, trapping liquidity on both sides of the market.
The chart then shows to expect a possible pullback all the way down to $1,760 or so. This would be the final downside check on bias, momentum, and the mixed 200. Notice the mixed 200 is currently red; this is showing the current LONG bias is a weak bias.
Phase 2
I’d then expect a VALUE CHANNEL to be created with a low or excess around the $1,950 price handle with a possible high and excess range around $2,400.
Once this value range is created the trade setup is rather straightforward. Watch the monthly chart.
Note that since JAN 2002 the MONTHLY RDA has been a consistent area for LONG momentum trades. The breaches of the RDA have not been more than 12%.
This is not trade advice. What the last 20 years of the chart is telling you is to be patient. Wait for MONTHLY pullbacks to the RDA and turn on DCA LONG purchases around and below the RDA up to 12%. I’d plan to go up to 15% because there might be increased volatility.
If you were watching the chart closer and wanted to fine-tune you’re entries with momentum then I’d suggest the 4D chart. Also being very mindful of how you project the RDA and the other momentum indicators.
Mixed 200 Avg
The mixed 200 avg on the Weekly timeframe is in a weak long momentum. The price is above but it’s painted red. This adds to why I see a higher probability of failure if price retests the recent highs.
The 4D and Monthly are also painting red.
Value Channels
I see only 2 VCs that are relevant to the current price action. The first is between $1,050 and $ $1,400 started in 2013 and captured above in 2019.
The next VC is the most recent one and will provide the best levels for TA. From this VC the most important level is around the $1,800 handle. This aligns with what I wrote above for the final test before the impulse to create new ATHs.
RISK
In my mind, this trade does come with some risk that goes beyond TA. Society and the geopolitical landscape is on the cusp of multiple changes that will have a drastic impact on every person on the planet
In the past GOLD was a hedge and a form of wealth protection. The challenge is there are multiple risk factors from AI, war, the admittance of alien contact, as well as a total breakdown in the trust of government and institutions. The one factor that could upend this is a true non-disputable artificial intelligence new lifeform. If this happens in the next 5-6 years this will upend ever level of society. Add to that possible proof of actual intelligent life within or outside our solar system.
I mention this because it's hard to predict what society will value and look to for comfort and safety.
With all this said all that shouldn't matter if you follow the trade system I've shared with the world. If momentum is short and the RDA is given up and tested and fails most of the above are bad projections. As usual don't argue with the chart.
XAUUSD:15/9 Today Gold Trading StrategySpot gold fluctuated and rose on Friday, currently around 1918. The gold price bottomed out overnight and rebounded. It once hit a nearly three-week low near the 1900 mark, and closed back up near the 1910 mark. Stimulated by the news yesterday, gold quickly fell back to around 1901 and then stopped rebounding. Under the pull of the big positive line At the time of the rise, the long and short positions did not reveal much of the trend. In the continuous falling market, the support below 1900 first stood firm, and this position will also be our key breakthrough point in the later period. Such a position If the support effectively generates a rebound, a bullish reversal is likely to form in the short term, and the key suppression port above remains near 1915. Since the 1915 position has been broken, let's further look at the 1920 position, which is also a key suppression area. , with the suppression of the short-term moving average during the day, it is very likely that there will be an effective breakthrough again. At present, when the gold bulls are pulling back, but there is no signal of strength, we can still try to go short and wait, and once it breaks through After reaching around 1920, we still need to adjust the trend in time. Otherwise, if the breakthrough fails, we will continue to call back and test the 1900 mark support. Let’s operate around the 1920-1900 range today!
Gold operation strategy:
SELL:1919~1923
TP1:1914
TP2:1910
BUY:1905-1908
TP1:1912
TP2:1918
XAUUSD: 14/9 Today’s Gold StrategyOn Thursday (September 14), in the Asian market, the spot gold price was still around 1909.
Core CPI, excluding food and energy, rose 0.3% month-on-month in August, slightly higher than the 0.2% increase expected by economists polled by Dow Jones. The figure increased 4.3% from the same period last year, in line with expectations. Overall data rose 0.6% last month, in line with Dow Jones forecasts. Overall prices rose 3.7% year-on-year, higher than the 3.6% expected by economists. However, the slight decline in core CPI was a positive signal last time. After the data was released, expectations for the Federal Reserve to raise interest rates in September continued to cool, and the U.S. dollar index rose. After that, it adjusted again and opened lower in early trading. However, from the perspective of the overall environment, the US dollar is still favored by the market, and the overall strong pattern may be difficult to change! Gold's space did not move much yesterday. The inertia dropped to 1905 and fell into shock. The space convergence became smaller and smaller. In the short term, it has entered this slow and oscillating rhythm. The space has shrunk and the long and short sustainability is insufficient. The daily Bollinger Bands have begun to close. Combined with this week's space contraction, this convergence shock may continue in the short term.
The 4-hour chart is still on a downward trend. Yesterday, it was under pressure and inertia broke through the low point near 1916, but the momentum was not great. It closed at a neutral position. It still maintains the downward step and is oscillating slowly downward. In the short term, 1930 will not recover, and the trend is short. unchanged, the resistance of the downward trend line has also begun to move down to around 1920. Now that gold has successfully broken below to support the 1915 line, for the next trend, we will take advantage of the trend to see a new round of downward structure formed after the breakthrough. Therefore, Jiesse’s operation is still the same as yesterday. It is still mainly short selling at high levels. It will continue to break through 1900. Fall!
Gold operating strategy:
SELL:1914-1917
SL:1922
TP1:1910
TP2:1906
Long and short 24 consecutive victories, 1915 continues to be mo
Yesterday, the whole network of gold 1911 went long, and the Dayang line soared directly to around 1922. The long order is also a harvest. So far, there is no loss order this week. This wave of long and short has won 24 consecutive victories. In no time, the magical Friday is here, what do you think?
The k-line as a whole is still above the 50 moving average. Even if the big Yang line falls back, it can be pulled up quickly, and the body of the Yang line directly covers the body of the Yin line. There is no possibility of a U-turn when the 50 moving average moves upward. Yang, Brother Wolf is allowed to fall back. The bottom line for bulls is around 1902. To stabilize this position is to stabilize the market. More, 1913 will be more directly
XAUUSD: 7/9 Today’s Trading StrategyIn early trading in Asia on Thursday, DXY remained strong and is currently around 104.9; spot gold continues to be under pressure, with gold prices around 1918. Gold prices remain on the defensive as market participants flock to the dollar amid stronger U.S. data and hawkish signals from the Federal Reserve. DXY rose to a new high since March 15 on Wednesday, briefly exceeding 105.00. Spot gold fluctuated and rose during the day. It opened at 1916.36 today, with the highest hitting around 1920 and the lowest hitting 1916.
Yesterday, the technical aspect of gold overall suppressed the weak and volatile consolidation below 1930. The Asian and European markets shot up twice and were under pressure on the 1928 line, and then fell weakly. Near the US market, it quickly fell to the 1921 line, stabilized and rebounded, then shot higher and pierced the 1929 line, and was under pressure again. The downward trend broke through the bottom. In the early morning, the gold price continued its weak decline and closed weakly at the 1915 line. The daily K-line closed higher and fell back below the bottom bardo. It closed with the suppression of the short bardo for four consecutive trading days. The overall price continued to show a weak downward trend.
The 4-hour chart constructs a downward chart. Currently, the short-term short-term defensive point is based on the middle track of Bollinger Road, which coincides with yesterday's rebound correction high point. In the short term, just take advantage of the trend and go short around 1930. The rhythm may be accompanied by consolidation and correction, but the rebound will not be able to rebound from the previous day's high, and the weakness will continue. The 1-hour chart constructs a small shock step down. Yesterday's rebound consolidated sideways at 1930, forming a second high point, which is also a short-term critical point.
Therefore, Jiesse focuses on the top 1925-1930 position, and the lower goal is still to break the low, and needs to pay attention to the lower 1911 position, such as breaking the next support 1907.
Gold operating strategy:
SELL:1925-1928
SL:1934
TP1:1920
TP2:1915
#Gold Forecast - Monday, September 19Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range.
#Fundamental Analysis of #Gold
It is expected that #economic data in the coming week will support the scenario of no change in interest rates at the September Federal Reserve meeting and may even keep the central bank from adjusting interest rates until the end of 2023.
However, this week, the market's focus will be on the European Central Bank's interest rate decision. It is expected that the central bank will not make any changes to interest rates, not because of inflationary pressures but due to the threat of an economic recession in the Eurozone.
#GoldForecast
In the coming week, the interest rate in the Eurozone is not expected to change significantly, and as a result, its impact on the US #dollar and the price of an ounce of #gold will be limited. However, it is expected that the European Central Bank will not reduce interest rates for a long time. If the European Central Bank expresses concerns about the #future of the Eurozone economy, demand for the US #dollar will increase, and in that case, the price of an ounce of #gold will decrease.
Based on this, it is predicted that the short-term trend of an ounce of gold will be inclined towards a decline. The strength of the US dollar will limit any upward rally in the gold market.
(Gold) : Nice Weekly TrendHey guys, I hope you're all doing well. As you can see for gold, I think we must expect the gold downtrend to last for a much longer time. In my opinion, gold will fall (step by step) until the 1810 area, and after that, it will fall until 1700. Then, if the price breaks the major support and retests successfully, according to the Triple Top pattern, it must fall down more and more.
Just as a precaution, this is a (Long-Term) Gold idea, according to what I can see on the chart. Also, there are a lot of factors that can change the game.
May you all be PROFITABLE,
XAUUSD: 24/8 Today's Trading StrategyDuring the Asian session on Thursday, spot gold fluctuated within a narrow range and is currently around 1922, holding most of the overnight gains. On Wednesday, the price of gold rose by 0.95%, the largest one-day gain in more than a month. It once touched the 1920 mark and closed at around 1915 US dollars. Because the PMI data of European and American countries performed poorly in August, it increased the safe-haven demand for gold. Moreover, the market's expectations for the Fed's interest rate hike have cooled, and the dollar and U.S. bond yields have fallen, which has further attracted gold bargain hunting.
From the 1-hour chart, the k-line has a high-level sideways pattern to the market. This pattern is the first pattern immediately following a surge in gold, so we can judge that the current trend is bullish The trend, first of all, the pullback is very small after a wave of skyrocketing, which means that the bears have no counterattack power, or they are not as powerful as the bulls on the market. Secondly, the market rebounded from the 1902 line to the 1920 line with a volatility of nearly 20 US dollars. This short-term skyrocketing There is no callback, but it is consolidating at a high level. Looking at the 4-hour chart, after three trading days of continuous competition for the k-line trend, the strength of the bulls is stronger than that of the bears. Combined with the running posture of the three-line parallel open and upward divergence of the moving average Look, the bulls in the market are strong, and the macd trend line below is running above the zero axis, and the red energy column has begun to increase in volume. Looking at the daily chart, there is a big sun recorded on the disk k-line. We can see that it is relying on the 5-day moving average. The 20-day moving average above 1920 has a short-term suppression, but there is a golden cross at the bottom of the k-line. On the whole, jiesse recommends callbacks to do long gold in terms of short-term gold operation ideas today, followed by short rebounds. The top short-term focus is on the 1922-1925 line Resistance, followed by focusing on the first-line resistance of 1930-32, and the short-term focus on the first-line support of 1905-1907.
Gold Operation Strategy:
BUY: 1913-1915
TP1:1920
TP2:1925
SELL1925-1927
TP1:1920
TP2:1915
Gold today's range forecast 1915~1937Gold layout analysis: On Tuesday, more than 1930 gold orders were placed, and after rising to the 1935 line, the positions were reduced and left. In the overall stable profit appreciation position. After opening at 1925 this morning, it continued to rise slowly. Judging from the trend of gold in recent days, it basically maintains a low level and fluctuates within a few days, constantly breaking low. The high position keeps moving down. On Tuesday, it pulled back twice to the 1930 line, although it failed to continue to break down. However, it finally rebounded to the 1935 line and then fell back under pressure. The U.S. market broke through the 1930 line, approaching the 1920 line. Such a weak form of gold makes it more difficult to rise. Coupled with the extreme trend of the U.S. index, gold is also affected by it, resulting in insufficient motivation for bulls. According to this situation, it is not impossible to break the low of 1920 again. Since gold fell below the 30 line yesterday, there is no short-term support, so the operation can only be operated by selling high and buying low. It is more difficult to control the entry position, so please remember to be cautious during the operation.
Back to the topic, the current gold trend is dominated by bears, and the momentum of bulls is weak in the short term, but it cannot be ignored.
SELL1934-1937, SL1940, TP1922
If the European and American markets fall to around 1917,
BUY1917-1915, SL1910, TP1925
Gold trend analysis
After the release of the cpi data today, gold rose sharply for a short period of time and then fell. At present, it fell to 1912. Although the gold market continued to fall,
it still did not break through the 1910 support below. I think gold can still choose to buy when it is near 1910
trading signal:
buy 1905-1910 tp1917-1922
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Gold trend analysis
Gold prices struggled on Wednesday, with investors on the sidelines ahead of key U.S. inflation data that could provide more clues about the Federal Reserve's monetary policy stance. The latest U.S. inflation data due tomorrow will be an important point of reference when the Fed meets next month, when the committee will decide whether to continue raising interest rates or whether inflation is currently on a downward trajectory enough for the Fed to keep rates on hold. I am still bullish on the price of gold going up tomorrow
trading signal:
gold:buy 1905-1910 tp 1920-1925
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XAUUSD: 7/8 Gold Trading StrategyGold trend analysis
It can also be seen on the daily line that this callback has touched the support of the Bollinger lower track on the daily line, which is an undoubted turning point of the market! Then go all out to do more this week! In 4 hours, there is still a need for adjustment at the bottom of gold, but the callback is an opportunity to go long. After the rise on Friday, the callback low was 1937, which was the previous pressure position. After breaking through, it became a support. For further resistance, refer to the position near the 21-day moving average of 1952.70 And the 1960 mark, the strong resistance is around the 100-day moving average of 1968.68. If this position can be regained, it will increase the bullish signal for the market outlook.
Gold operation strategy:
SELL: 1946-1949
TP1: 1940
TP2: 1935
BUY: 1933-1936
TP1:1940
TP2:1945
Probable Future of Ounce GoldThe minor rally, which will last until April 2029 and to 1 ounce = $7500, is probably about to begin. Fake price falls can be a buying opportunity. Then, after a decline that will continue until the end of 2033 and 1 ounce = $2100, a major rally that will last 14 years and carry the price of gold to $64.000 an ounce. We are fortunate that we are at the beginning of an Ounce Gold Rally that will last for a quarter of a century.
XAUUSD: 4/8 Gold Trading Strategy TodayToday's analysis: After the 4-hour chart broke low, it remained horizontally below the broken low point. Due to the approaching data, trading was cautious, and the amplitude space further shrunk. At present, the 4-hour structure is still running in a downward step for the time being, but after the space shrinkage yesterday, it will continue to the transition of the Asia-Europe market today, and the US market will combine with the data to break the deadlock. Looking at gold from the 4-hour line, all indicators have turned short, but they have not entered oversold. The support in the early stage of 1942 has been converted into strong pressure, and the price below this is trending bearish. Pay attention to 1939-1941 in the Asian-European market for the time being. If this position does not recover, it is better to maintain a high-altitude thinking in the short-term, and operate in a downward channel with step shocks. If the downward channel does not recover, the short-term trend will not change.
Gold operation strategy:
Rebound to 1939-1941 short, stop loss 1946, target below 1928.
Step back to 1923-1926 to go long, stop loss at 1920, and target above 1950.
Gold: Shocked and closed in the sun, still volatile
In any trend, everyone likes continuity, and the longer it lasts, the better, especially for A-shares, which can only be a market that goes up. A rise means giving money to everyone, while a fall is tantamount to death.
According to the current situation, before the U.S. market, it hit a short position near 1968, with a target of 1954, and bought the 1950-1954 line.
Keep updating and pay more attention
Gold to 2050.Gold is still consolidating in big time frame, now we are getting huge confirmation to go up which is H&S ( reversal pattern ). 1940 is the area to check, 1985 is the neck of the H&S. If Gold able to break H&S we will see 2050 which means 4th time to checking that area in 1D time frame since August 2020.
Go long gold now!After last week’s sharp rise, gold temporarily stagnated at the 1963 high. On Friday, the small negative line retraces and corrects. The week’s closing work has not further risen to break new highs. The overall rise has come out of the high volatility after the surge, and there is room for retracement It is not enough to change the bullish structure for the time being, but the continuous exploration of highs without breaking the highs also exacerbates the risk of short-term corrections
Last Friday emphasized that gold fell back in 1950, and the layout was bullish. It was close to the 1963 high point. The position of 1963 has also been reminded many times. Once again, we tried to see 1963 fall under pressure, and we firmly grasped this opportunity
Technically, after the sharp rise at the beginning of last week, gold fell back under pressure at the end of the week in 1963. Up to now, it has continued to run sideways at a high level. During the week, gold temporarily remained below 1963 to see high volatility. It is difficult to get out if the high point of 1963 is not broken. There is room for a big rise. On the contrary, it is more likely to increase the pullback after a high level of stagflation. Last Friday’s drop at the low point of 1950 is the first support, followed by the 1940 mark. Structurally, it may follow the confirmation of the back step and then rise. The key point is The stabilizing support point of stepping back can be decided before the market is combined with the K-line shape of the hourly chart. The support point of the retracement can be deep or shallow, and the weaker retracement should pay attention to the 1940 mark before stabilizing, and arrange the entry point of multiple orders in combination with the pattern retracement in the operation.
In terms of intraday operations, the support point for last Friday's fall was at 1950. For the time being, this point has not been broken, and it also has a certain supporting effect. In case of being short-lived, it is recommended that gold be around 1950 once more, and the target is above 1960; There are many market adjustments in the 1940 area, the loss is 1933, and the target is 15-20 US dollars; the empty order strategy revolves around the participation of light positions below 1963, and it is enough to strictly break the new high and stop the loss to leave the market.
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XAUUSD: intraday shock range 1912~1935Good morning, friends, in terms of the trend of gold yesterday, it did not continue the upward trend of last Friday. Instead, it went deep V-shaped in the US market time period, with an upward trend of falling first and then rising. This is also the completion of my transaction yesterday. Signal, take a profit of 8 US dollars.
At present, my point of view remains unchanged. The upper resistance position of 1935 is also likely to be touched today. Gold has risen many times and has not made a substantial breakthrough. If you want to make a breakthrough within the day, you must be stimulated by news. For the time being, it seems that there has been no change in the bulls, and there is an obvious upward correction of shocks. So the next operation is still the same as what I said on Monday, we can just sell high and buy low to operate in the range shock. Near SELL1935, near BUY1912, this is the general direction of today's trading, specific real trading signals pay attention to follow-up updates