XAUUSD:Short, support 2212-2196
Updated
https://www.tradingview.com/x/wpdoWjkB/
On the last trading day before the holiday, the market was stimulated by the news and rose strongly, reaching a record high. A big positive line in the 1D chart turned the MACD dead cross pattern into a golden cross, and the trend turned to long.
However, judging from past trading experience, there is a high probability that there will be a period of correction after the new high, so in the week after the holiday, my trading focus will be short positions.
Currently, the important support is 2212-2196
In addition, there will be NFP data in the new week, which is the most important data after big news and the focus of trading every month. I will share my trading strategy at that time. Friends who want to follow trading, please prepare in advance.
On the last trading day before the holiday, the market was stimulated by the news and rose strongly, reaching a record high. A big positive line in the 1D chart turned the MACD dead cross pattern into a golden cross, and the trend turned to long.
However, judging from past trading experience, there is a high probability that there will be a period of correction after the new high, so in the week after the holiday, my trading focus will be short positions.
Currently, the important support is 2212-2196
In addition, there will be NFP data in the new week, which is the most important data after big news and the focus of trading every month. I will share my trading strategy at that time. Friends who want to follow trading, please prepare in advance.
Trade active
Waiting for the market to openTrade active
The long positions are coming to an end, and the short positions have begun to intervene. Control risks when trading to avoid having your account blown.Trade active
The market is falling backTrade active
Market volatility has become smaller, waiting for the European market to openTrade active
The price has reached the BOLL middle track, patiently waiting for the position to break.Trade active
Prepare to take profitTrade active
The price has reached our first target, and the current trend is still in a bearish state. Wait for it to reach near our second target of 2247. If the shorts are strong enough, it is likely to fall below 2240 today and reach the 2236-2232 range.Note
The price has fallen again, the target has been achieved, and the bear is not over yet. Friends who want to trade long should be cautious. It is recommended to focus on short selling at high levels.Trade active
Price drops again, shorts continue to profit, perfect trade!Trade active
The price continues to fall and has reached our final target of 2236-2232 today. After falling below 2230, we will start to consider going long, with support near 2223.Trade active
Long orders can be closedTrade active
After gold has experienced a wave of decline, small-level indicators need to be repaired. Bulls can participate appropriately and pay attention to the resistance in the 2252-2258 range. If they cannot break through, close the order in time and switch to short trading.Trade active
Gold has currently risen by $5. Long positions can be closed. If you want to hold, pay attention to risk management.If you have any questions, please leave me a message.
Trade active
The resistance is near 2258-2263, continue to sell at high levelsTrade active
For the current market shape, consider double tops or head and shoulders, and trade mainly short. The specific strategies are as follows
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