Gold Spot / U.S. Dollar
Short
Updated

XAUUSD latest trading strategy and analysis

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Bros, gold continued to rebound after hitting the bottom of 3013 in the US market yesterday. Gold continued to rise strongly during the Asian session. At present, gold is narrowing. The bulls at the gold daily level remain strong. Today, gold broke through the box shock range and may usher in a large change. Today, gold has repeatedly tested the 3030-3040 resistance area. If it can break through and stand above, gold is expected to continue to test 3050-3060 upwards, but it is necessary to consider that gold may need to fall back first to accumulate capacity. On the contrary, if gold fails to break through the upper 3030-3040 resistance area, it may fall back to the lower 3020-3010, or even 3000.

Today's news focuses on unemployment data. When companies face operating difficulties, shrinking market demand or industrial structure adjustment, the market risk aversion sentiment rises, gold will become the first option for investors, and a large amount of funds will influx, which will drive up gold prices. On the contrary, if the number of initial unemployment claims decreases, gold will be under pressure to fall accordingly. Gold may be undergoing a big change today. Bros, please take it seriously and don't be disturbed by outside voices.

Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
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Bros, my trading strategy and ideas are completely correct. I went long at 3042, and the highest price of gold has reached around 3053. Although we did not capture the highest point, fortunately we have started to make profits. Now I don’t recommend that bros continue to pursue long positions. Chasing long positions in gold at high prices is more risky. Bros will run the risk of losses if they are not sure. I suggest brothers who are chasing long positions to close their positions in time with me to lock in profits.

Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.

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