XAUUSD:Trading ideas for next Monday
Updated
https://www.tradingview.com/x/Gz6OoMuG/
Today's NFP data is bearish for gold. After a rapid decline, it rebounded and reached a new high near 2330. The 30m chart has already diverged, and there is a need for repair.
Therefore, after the market opens next week, the idea is to go short first and observe the support in the 2318-2312 range. If it falls below, consider around 2305, followed by around 2286.
Under normal circumstances, the Asian market will not fluctuate much, so the probability of falling to around 2286 is not high. Just observe around 2305.
Today's NFP data is bearish for gold. After a rapid decline, it rebounded and reached a new high near 2330. The 30m chart has already diverged, and there is a need for repair.
Therefore, after the market opens next week, the idea is to go short first and observe the support in the 2318-2312 range. If it falls below, consider around 2305, followed by around 2286.
Under normal circumstances, the Asian market will not fluctuate much, so the probability of falling to around 2286 is not high. Just observe around 2305.
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There is currently support near 2305. Focus on this. If the bears are strong and fall below this support, and do not break through 2321 during the rebound, then it will fall to the 2292-2286 range.Trade active
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It is approaching 2321, long orders should be closed in timeTrade active
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When it comes to around 2314-2308, consider going long.
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