How will the gold price run next?
Just now, after XAUUSD reached the member's tp target. Just observing the market. No more transactions were made.
After maintaining a high level of volatility for a day, the gold price in the New York market finally fell. The highest reached 2655, the lowest touched 2623, and the current price is 2628.
Real-time trend: At present, XAUUSD has strong short momentum, and bull pressure seems to be relatively large. Coupled with the impact of data news, the cooling of risk aversion, and the reduction of gold price upward momentum, gold prices are about to face a new low this week in the New York time period.
GC1! GOLD XAUUSD MGC1!
So how can we trade effectively at this position to accurately grasp the profit?
In fact, it is not difficult to see from the running trend of XAUUSD this week that the opening price around 2655 continues to fluctuate. The deadlock is about to be broken for four consecutive days, mainly to pave the way for tomorrow's non-agricultural data, so that non-agricultural data has a better space to play. The trend of the whole week is obviously insufficient for bulls. There are three consecutive days of intentional breakthroughs, but the results are not ideal, so the big shorts are about to come. If you are a short-selling player, you can be ready to sell gold at any time and wait for profit.
So what should long players do? From now to the eve of tomorrow's New York market, we need to pay attention to whether the gold price stabilizes at 2636-2641. This is a high point for a short-term rebound. If the position stabilizes, you can continue to go long. If it is just a test, then continue to sell short. This is the best operation without the impact of breaking news. The current price is around 2627, and you can continue to go long. There is a rebound space of 10-15 points. You can close the order at any time when the profit reaches the expectation. Tomorrow, the non-agricultural data will be released, which is a good trading opportunity once a month. Traders who want to recover losses and expand profits should seize the opportunity.
After maintaining a high level of volatility for a day, the gold price in the New York market finally fell. The highest reached 2655, the lowest touched 2623, and the current price is 2628.
Real-time trend: At present, XAUUSD has strong short momentum, and bull pressure seems to be relatively large. Coupled with the impact of data news, the cooling of risk aversion, and the reduction of gold price upward momentum, gold prices are about to face a new low this week in the New York time period.
GC1! GOLD XAUUSD MGC1! So how can we trade effectively at this position to accurately grasp the profit?
In fact, it is not difficult to see from the running trend of XAUUSD this week that the opening price around 2655 continues to fluctuate. The deadlock is about to be broken for four consecutive days, mainly to pave the way for tomorrow's non-agricultural data, so that non-agricultural data has a better space to play. The trend of the whole week is obviously insufficient for bulls. There are three consecutive days of intentional breakthroughs, but the results are not ideal, so the big shorts are about to come. If you are a short-selling player, you can be ready to sell gold at any time and wait for profit.
So what should long players do? From now to the eve of tomorrow's New York market, we need to pay attention to whether the gold price stabilizes at 2636-2641. This is a high point for a short-term rebound. If the position stabilizes, you can continue to go long. If it is just a test, then continue to sell short. This is the best operation without the impact of breaking news. The current price is around 2627, and you can continue to go long. There is a rebound space of 10-15 points. You can close the order at any time when the profit reaches the expectation. Tomorrow, the non-agricultural data will be released, which is a good trading opportunity once a month. Traders who want to recover losses and expand profits should seize the opportunity.
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