XAUUSD:Trading advice for the day
Updated
Gold opened below 1960, there is no up and down space, for this trend, cyclical performance is obvious, daily Bollinger close, determined range in 1985-1932, due to Friday gold from the high fall, the daily close negative, then, the beginning of the week performance is weak, down to test the early 1932 support point, as for whether it can break, you need to use the impact of this week's data. H4 cycle is also a very obvious range, temporary Bollinger close, moving average bonding failed to appear unilateral divergence behavior, so, determinability range in 1975/1942, due to Friday's decline, H4 after touching the 1972 high fell back to close negative, currently near the Bollinger middle band, so, Monday continue to see the weak fall, to go to the lower Bollinger band support point around 1942, then, through two-cycle analysis, determine that intraday trading needs to do high. To determine the direction and target of the transaction, it is necessary to consider the point of intraday trading short, the suppression point above the small cycle is around the 60-day moving average suppression point of the 30-minute period, therefore, intraday short also need to wait for the rebound to go short, if the Asia-Europe market directly broke the 1955 support, then the short order can continue to hold the US market to see the 1942 low.
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