3 days ago

XAUUSD|US session trading strategy

📊From the daily structure, EMA5/10 maintains a golden cross slope of 45 degrees upward, the price runs along the upper Bollinger track, the ADX indicator>35 confirms the strength of the unilateral trend, and the K-line pattern shows an accelerated N-shaped structure.

📊From the 4-hour chart, it successfully stood at the 2906 Fibonacci extension level (161.8%), which is also the upper edge of the previous wave energy accumulation area, completing the technical transformation from resistance to support.

📊Wave structure: From the low point of 2877, the impulse wave structure (i-ii-iii-iv-v) is formed. It is currently in the extension stage of the iiith wave, which is in line with the positive momentum diffusion characteristics of MACD.

🔴Upper resistance level:
-First: 2940-2942
-Second: 2950-2958

🟢Lower support level:
-First: 2906-2915
-Second: 2890-2895

✅Long strategy
-Entry conditions: Stabilize after falling back to 2906-2915 (RSI>50 and golden cross of stochastic indicator required)
-Stop loss setting: Stop loss after breaking below 2895 (Daily EMA20)
-Target space: Gradually look up to 2940-2950-2958, risk-return ratio>1:3

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