XAUUSD:2365 select Sell. Target 2352-2340
Updated
From the overall trend of gold prices in recent times, it is a trend of rising first and then falling back. The daily line forms a downward signal of dark cloud covering the top, and the short-term bullish trend has come to an end. At the same time, it rebounded after falling to the second support level of 2352 yesterday, and now it is around 2365. After breaking through yesterday, the 2365 line has turned from support to resistance. Therefore, we need to adjust our strategy and flexibly respond to the next gold price changes.
In summary, today we have to make some trading strategies around the 2365-2352 range. At present, the gold price is around 2365. We can choose to sell here, with a target of 2352. If it falls below this support, we can see the target as 2340. If there is enough support at 2352, we can choose to close the profit and look for opportunities to buy here.
In summary, today we have to make some trading strategies around the 2365-2352 range. At present, the gold price is around 2365. We can choose to sell here, with a target of 2352. If it falls below this support, we can see the target as 2340. If there is enough support at 2352, we can choose to close the profit and look for opportunities to buy here.
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Notice: Currently, the gold price has reached TP: 2352. This is the support area, but the possibility of continuing to fall is still very high, so if you are cautious, you can close the profit here, and if you are bold, you can continue to wait for the target of 2340.
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