Gold Spot / U.S. Dollar
Long
Updated

XAUUSD: Is Now a Good Time to Buy or Sell?

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XAUUSD: How to trade? Short or long. If you don't know. You can take a look at Jack's ideas.

After last week's epic impact, XAUUSD reached a high of 3004. After a slight adjustment last Friday, it fell to a low of 2978.

Latest news: Houthi armed forces have escalated risks. For air strikes, Houthi armed forces will continue to resist to the end.
On Tuesday, US President Trump will have a phone call with Russian President Putin. The specific content of the negotiation includes land and tax issues. If this is the last discussion before the ceasefire, then XAUSUD will weaken significantly after the ceasefire. Because this is the biggest hot topic in the market at present, when risk aversion declines, then XAUUSD's decline will definitely be significant. It is expected to reach at least below 2950. Of course, the content of the call is unpredictable, so if the negotiation is still fruitless, the conflict will escalate again.

The XAUUSD dynamics from the Asian market to the London market on Monday were very stable. Maintaining a narrow high movement. Close to the start of the New York market, the market is active, and the current price is "2996 US dollars/ounce."

As the short-term trading direction of XAUUSD, I still think it is reasonable to buy at a low level. At the same time, keep selling at a high position to get a small spread. "The sell order needs to be closed near 2980-2983". Because the market news has not completely locked the bearish trend. So pay attention to the trading risks when trading.

If the test position of 2993 does not break down, then continue to hold the long order.
Trade active
The low buy order made some small profits.
Trade closed: target reached
In the end, the market is not a bad guy. Because this led me to successfully lead them to obtain multiple profits.

Going long at 2994 is also a good choice, because the uncertainty of the market will lead to a tense situation and form support below. Trend observation, XAUUSD in the New York market will fluctuate at a high level before Trump and Putin talk. Because the news has two sides, whether the 3K level will be broken will also wait for the news to land.
So before the end of the New York market today. There is no problem with the result of selling high and buying low.

(Exceptions are factors caused by sudden news. For traders' reference only.)

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