XAUUSD: Today's Strategy—Buy Low
Following yesterday's significant decline in gold prices, short-term indicators show a strong rebound potential. Today’s strategy is to buy at lower levels and wait for prices to rise above $2,640, at which point we can adjust the approach based on market movements. The detailed strategy was shared during yesterday’s session, so please refer to it if you need clarification. If you have any questions regarding trades, feel free to leave a comment, and I’ll be happy to assist.
Note
The bottom pattern of gold has already formed, and I will start focusing on long positions in gold within the 2596-2578 range, targeting 2620-2652. In between, I will intermittently take short trades on smaller time frames. As the price of gold gradually rises, I will closely monitor market movements and adjust positions and stop-loss levels flexibly to minimize risk and maximize profits. If the price breaks through key support or resistance levels, I will adjust my trading strategy accordingly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.