XAUUSD| Non-Farm Data Trading Strategy
Updated
✅The trend of gold in recent days has been relatively consistent, showing a pattern of fluctuating upward in the Asian session, continuing the upward trend in the European and American sessions, and bottoming out and rebounding in the US session. Yesterday's trend was basically the same. Three consecutive positive lines were recorded at the daily level, and the real column of the positive line broke through the shadow of the previous short column, and the upward momentum was obvious. Yesterday, the gold price strongly broke through the 2670 pressure level. Although it fell back in the late trading, it finally closed above 2670, indicating that the bullish trend is still strong and may continue until the release of non-agricultural data.
✅At the daily level, it fluctuated upward for three consecutive trading days, and the K line formed a three-consecutive rising pattern. This week, it rose from Monday's low of 2614 to the current position of 2680, an increase of more than 60 points. From the current K line pattern, the Bollinger band is closed but there is no peak signal at present. The upper track is at 2692, and the short-term upper pressure position is 2682-2686. Gold has remained stable at 2665, so the top and bottom conversion position is support. Now the bulls are still the main force, and you can go long at a low level before the data is released.
🔴Upper resistance: 2685-2692
🟢Lower support: 2645-2650
✅Today is the final battle of this week. It is expected that gold will not fluctuate too much before the report comes out. According to the trend of gold in the past few days, the probability of bottoming out and rebounding will be relatively high. We will adjust the specific trading strategy accordingly according to the data release and the real-time dynamics of the market.
✅At the daily level, it fluctuated upward for three consecutive trading days, and the K line formed a three-consecutive rising pattern. This week, it rose from Monday's low of 2614 to the current position of 2680, an increase of more than 60 points. From the current K line pattern, the Bollinger band is closed but there is no peak signal at present. The upper track is at 2692, and the short-term upper pressure position is 2682-2686. Gold has remained stable at 2665, so the top and bottom conversion position is support. Now the bulls are still the main force, and you can go long at a low level before the data is released.
🔴Upper resistance: 2685-2692
🟢Lower support: 2645-2650
✅Today is the final battle of this week. It is expected that gold will not fluctuate too much before the report comes out. According to the trend of gold in the past few days, the probability of bottoming out and rebounding will be relatively high. We will adjust the specific trading strategy accordingly according to the data release and the real-time dynamics of the market.
Trade active
✅Intraday Trading strategy:
🔶GOLD SELL: 2682-2685
🔰TP1: 2670
🔰TP2: 2660
🔰TP3: 2660 OPEN~
🔶GOLD BUY: 2660-2665
🔰TP1: 2670
🔰TP2: 2680
🔰TP3: 2690 OPEN~
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