XAUUSD:Go long first, then go short on Monday

The indicators in the small-level chart began to show the weakness of the bulls, but the bulls at the 1h level have not yet exerted force, indicating that there is still room for upwards.

After the market opens on Monday, we will continue to pay attention to the resistance breakthrough of 2169 first, followed by the vicinity of 2174-2183. If it can break through, we can look upward to the vicinity of 2188-2192.

After that, we will start to go short, because if it goes up again, the resistance will be very strong. Without news stimulation, it is basically impossible to rise much further.

Сделка активна:

point of view maintained

Сделка активна:

Support 2162

Сделка активна:

So far, the market trend is still in line with expectations. Next, we will see whether it can break through near 2183.

Сделка активна:

If the 2162 support falls below, then there is a high probability of falling below 2150.