XAUUSD: Its trend changed
Updated
https://www.tradingview.com/x/Zsrklu7f/
Today, my plan was to continue to long it at a low level, but when the data was released, it didn't rise much. I told everyone that if it doesn't break the 1966-1969 resistance soon, it will continue to fall. then we all saw it, it failed to break resistance, so we changed plans, a short trade is made.
Just imagine, if we hadn't changed our strategy in time, what would our account look like now? I hope that after today's trading experience, everyone can gain something and realize that the market is changing rapidly, and we should respond flexibly.
Now, the market is rebounding, its resistance is around 1952-1957, after today's decline, its 1D chart has returned to the bearish pattern again, if it can't get back above 1960, it will fall below 1900 in the last few days!
Today, my plan was to continue to long it at a low level, but when the data was released, it didn't rise much. I told everyone that if it doesn't break the 1966-1969 resistance soon, it will continue to fall. then we all saw it, it failed to break resistance, so we changed plans, a short trade is made.
Just imagine, if we hadn't changed our strategy in time, what would our account look like now? I hope that after today's trading experience, everyone can gain something and realize that the market is changing rapidly, and we should respond flexibly.
Now, the market is rebounding, its resistance is around 1952-1957, after today's decline, its 1D chart has returned to the bearish pattern again, if it can't get back above 1960, it will fall below 1900 in the last few days!
Trade active
Its volatility has become smaller, and it needs to digest short profits. It should fluctuate in the 1938-1955 rangeTrade active
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