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Gold Spot / U.S. Dollar
Long
Updated

XAUUSD:Today's Trading Strategy

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All I can say is gold is crazy. This time, like last time, the price fluctuated above $100. And it goes straight up and down, like a roller coaster, without any hesitation.
Recent bulls have given up most of their profits this week.

But I still don’t think gold has completely reversed its downward trend. First, there is not much basis for gold to fall. Risk aversion sparked by the president's death on Monday also subsided. Secondly, the decline is too large. If you change direction now and give chase, you'll likely end up on the floor;

Through the analysis of the golden hour chart, we know that the market continued its downward trend yesterday, and hit the main moving average support level below to stop falling and rebound. However, it is not yet certain whether this is the bottom. However, the support level at the upper edge of the previous bottom has been reached. This is expected to happen shortly. The bottom area moves sideways for a few days. In the short term, trading ideas can be carried out in the 2328-2370 range;

Specific suggestions are as follows:
Go long gold 2328-2335, target 2365-2370, stop loss can be set at 7 US dollars;
Trade active
Small position entry
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start to rise
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About to reach the target position
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waiting
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It's currently a shock, and the trend is upward, as the article says
Trade active
Explorer-k
Free daily strategies: t.me/Signal_33
Earn profits from cooperation : t.me/toExplorer_K

Cooperate with me and you will find that making money is so easy
Also on:
Chart PatternsgoldlonggoldpredictiongoldtradingstrategygoldtrendTechnical IndicatorsTrend AnalysisXAUUSDxauusdanalysisxauusdlongxauusdshortxauusdupdates
Explorer-k
Free daily strategies: t.me/Signal_33
Earn profits from cooperation : t.me/toExplorer_K

Cooperate with me and you will find that making money is so easy
Also on:

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