Xauusd:Guide to Trading Trends
Today, because of the attack on the Gaza hospital and the escalation of the war, gold rose, currently reaching a high of around 1950.
Today I shared that gold broke through last Friday's high of 1932, and the chance of rising today is very high.
We have emphasized many times that from the point of view of technical indicators, gold is overbought in all cycles, and the daily line is close to the overbought zone. If it cannot break through 1947-1953, gold may face a decline at any time, so we need to observe whether we can break through in the next three trading days of this week.
Therefore, you can gradually sell in batches at 1947 and above, and manage your positions well, so that the chance of profit will be very high.
Trading advice:
Xauusd:sell 1947-1953
TP:1940-1934
SL:1956
Friends with large funds can sell multiple times, pay attention to position management
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Although it has now broken through 1956, I think it is seriously overbought now, and friends with more funds can continue to waitTrade active
As I predicted, gold has now fallenTrade active
1945 has a certain support. If you have multiple orders, you can end the high-selling order and get a profit.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.