Gold Friday Trading Strategies and Signals
Updated
XAUUSD. Today is July 19, 2024.
Gold broke the first round of the upward channel. As the high price was realized, the market sentiment. Gold fell to a new price range.
Trading in this range is accompanied by two factors.
1/ Gold is still in an upward trend. Unless gold falls below 2369.
2/ The short-term downward trend of gold has not ended.
So I think our short-term trading should be based on scalping and buying. Selling at high prices.
The price range I give you for trading:
Gold sell:
xauusd sell
1/2424-2428 sl2432 (If gold falls after stretching in the US market, this is a good trading range)
2/2439-2444 (If gold breaks through 2432, then this signal can be used as a scalping transaction. Profit 40-90pips)
Gold buy:
2402-2405 (scalping transaction, profit 40pips or more)
2392-2395 (scalping transaction, profit 40pips or more)
2380-2384 sl2374 (buy and hold. I think this price is the rebound price of the rising channel. At least it is very safe today)
Please try to trade in these price ranges and set sl. Refer to the notes after each signal to know how to trade
I wish you all a smooth trading. If you are interested in my analysis, please like me and join me.
Trade active
2394-2405 +110pips
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