XAUUSD: 19/9 Today’s Trading Strategy

In early Asian trading on Tuesday, the U.S. dollar index almost fell below 105, ending nine consecutive days of gains ahead of the Federal Reserve's FOMC decision. Gold rose to $1,934 as the market awaited key central bank decisions this week. Many central banks, including the Federal Reserve, the Bank of England and the Bank of Japan, will announce the results of their interest rate discussions. The combination of factors such as the resilience of the U.S. job market, controlled CPI inflation, and accelerating economic growth suggest that Fed officials may anticipate a soft landing for the economy in their upcoming forecasts. However, what cannot be ignored is that expectations for another interest rate hike still exist. Yesterday, the overall technical aspect of gold relied on the 1922 mark to continue the upward trend of bullish shocks and breakthroughs. The Asian market opened and stabilized at the 1922 mark, and then ushered in the strong pull of the bulls to rise higher. In the afternoon, it slightly surged above the 1930 mark and fell back under pressure. The US market fluctuated repeatedly in the evening. The sideways trading above the 1922 mark once again ushered in the trend of bulls breaking high, and finally closed above 1930. The gold price ushered in a strong bull rebound for two consecutive trading days. In the short term, the bulls' strong rhythm continued unchanged, and gold continued to rise again. After a narrow range of fluctuations, it broke through 1930 in the early morning, reaching a maximum of 1934.6, and closed with a positive line. Judging from the current market, three consecutive positive lines on the daily chart basically set the bottom shape, and at the same time, the daily chart A wave was supported by the lower line and then went up. From the 1-hour chart, the stochastic indicator's golden cross is upward, and there is no dead cross for the time being. The market is resisting the decline. The high point is still not out, which is a bullish signal. The support position for top-bottom transition is near 1930, and the lower support is The position is near 1922, and the upper pressure position is near 1935. From the market point of view, the gold price has ushered in a strong bullish rebound for two consecutive trading days. In the short term, the strong bullish rhythm continues to remain unchanged, but there is definitely a callback, and it is not expected to be strong. Then for short-term trading within the day, Jiesse recommends just going long with the trend.


​​Gold operating strategy:
SELL:1940-1943
SL:1948
TP1:1935
TP2:1930

BUY:1926-1929
SL:1921
TP1:1934
TP2:1939

Technical analysis, for reference only.

Комментарий:

Gold fluctuates little today and can only end today's transaction with a small profit

Сделка активна:

The trend of gold peaking in the short term is becoming more and more obvious, and the high point continues to move downward, so today's operations are mainly short selling at high levels.