XAUUSD:NFP trading strategy
Updated
https://www.tradingview.com/x/PMUduDet/
Regarding yesterday's data, my view is to go short, with the target near 2269, and we finally succeeded in making a profit.
After the market fell sharply, there was a small rebound. When it was near 2270, I also reminded everyone that there will be a rebound, and the resistance level is 2279-2286.
As I expected, it was blocked near 2279. Now I continue to observe the resistance, and the trading idea is to maintain high short selling.
Now the technical indicators show that the rebound is not over yet, so there should be a chance to touch around 2286. In this range, if you want to go long, you can do a small amount and close it in time when there is profit. I am still bearish on the general direction.
At the same time, there is NFP data today, which has a great impact on gold. I think the probability of eventual decline today is greater than that of rise, so regarding data trading, my thinking is mainly short selling.
Because the impact of data is relatively large, market fluctuations will also be correspondingly large. If your account does not have much funds, try not to gamble before the data is released. If you do, you should also pay attention to risk control, trade in small quantities, and set SL.
Otherwise, once the market finally does not match our expectations, your account may not be able to withstand it and will be directly blown. This is not what I want to see, and I believe you must not want to see this happen.
If the data is in line with expectations, then there is a high probability that it will fall to around 2233 today. This space is still relatively large, and the profits it can bring us will also be very good.
If you can grasp it, try to grasp it. If the actual situation does not allow it, do not force the transaction. Everything is based on account safety. There are many trading opportunities later.
At all times, please put risk management first. Our profits must be based on the fact that the account will not be blown away.
good luck!
Regarding yesterday's data, my view is to go short, with the target near 2269, and we finally succeeded in making a profit.
After the market fell sharply, there was a small rebound. When it was near 2270, I also reminded everyone that there will be a rebound, and the resistance level is 2279-2286.
As I expected, it was blocked near 2279. Now I continue to observe the resistance, and the trading idea is to maintain high short selling.
Now the technical indicators show that the rebound is not over yet, so there should be a chance to touch around 2286. In this range, if you want to go long, you can do a small amount and close it in time when there is profit. I am still bearish on the general direction.
At the same time, there is NFP data today, which has a great impact on gold. I think the probability of eventual decline today is greater than that of rise, so regarding data trading, my thinking is mainly short selling.
Because the impact of data is relatively large, market fluctuations will also be correspondingly large. If your account does not have much funds, try not to gamble before the data is released. If you do, you should also pay attention to risk control, trade in small quantities, and set SL.
Otherwise, once the market finally does not match our expectations, your account may not be able to withstand it and will be directly blown. This is not what I want to see, and I believe you must not want to see this happen.
If the data is in line with expectations, then there is a high probability that it will fall to around 2233 today. This space is still relatively large, and the profits it can bring us will also be very good.
If you can grasp it, try to grasp it. If the actual situation does not allow it, do not force the transaction. Everything is based on account safety. There are many trading opportunities later.
At all times, please put risk management first. Our profits must be based on the fact that the account will not be blown away.
good luck!
Trade active
The rebound has reached the target range, longs have profited, and short trades have begun.Trade active
Make money, guys, you can close it
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