XAUUSD:Trading advice for the day
Updated
After the change of the market on Tuesday, the daily line 1970 closed under the big negative, directly through the support of the Bollinger middle band, then, Wednesday before the data to determine is weak, trading needs to be short-based, waiting for the break of 1940 or 1932, but today's intraday should pay attention to the change of the H4 cycle, gold fell back to 1940 after the rebound, the current H4 low Yang, Bollinger close, K line closed in Bollinger, completely no opening state, this move is similar to last week's Wednesday, Thursday reversal move, It may be a short-term direction a day (if it rises today, it is exactly the same), therefore, it is difficult for gold to continue the big decline today, and the possibility of a reversal above 1940 is also very large, so even if it is a rebound short, you should pay attention to the gains and losses of key points. The pattern in the small cycle pay attention to the gains and losses of the hourly line Bollinger mid-band 1952, if it stands above 1952, it is in line with the shock trend, H4 three consecutive Yang, determine the bottom basis, today to see the rebound, the transaction needs to fall back to long, above and then look at 1965, 1970. Under Tuesday's decline, Wednesday's first test of 1952 is not broken, you can short the short, and then determine the long point after the fall.
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