XAUUSD:15/9 Today Gold Trading Strategy

Spot gold fluctuated and rose on Friday, currently around 1918. The gold price bottomed out overnight and rebounded. It once hit a nearly three-week low near the 1900 mark, and closed back up near the 1910 mark. Stimulated by the news yesterday, gold quickly fell back to around 1901 and then stopped rebounding. Under the pull of the big positive line At the time of the rise, the long and short positions did not reveal much of the trend. In the continuous falling market, the support below 1900 first stood firm, and this position will also be our key breakthrough point in the later period. Such a position If the support effectively generates a rebound, a bullish reversal is likely to form in the short term, and the key suppression port above remains near 1915. Since the 1915 position has been broken, let's further look at the 1920 position, which is also a key suppression area. , with the suppression of the short-term moving average during the day, it is very likely that there will be an effective breakthrough again. At present, when the gold bulls are pulling back, but there is no signal of strength, we can still try to go short and wait, and once it breaks through After reaching around 1920, we still need to adjust the trend in time. Otherwise, if the breakthrough fails, we will continue to call back and test the 1900 mark support. Let’s operate around the 1920-1900 range today!

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​​​​Gold operation strategy:
SELL:1919~1923
TP1:1914
TP2:1910


BUY:1905-1908
TP1:1912
TP2:1918

Сделка активна

Сделка активна:

Last week, the gold market opened at 1919.9 at the beginning of the week. After that, the market first rose to a position of 1930.5, and then fell rapidly. The weekly minimum reached a position of 1900.6, and then the market rose strongly at the end of the week. The weekly market reached a position of 1900.6 for the second time. After the high point of 1930.5, the market consolidated. After the weekly line finally closed at 1923.7, the market closed in a hammer-like shape with a very long lower shadow. After such a form ended, the weekly bottom signal was reached. The market continues to be strong this week, so this week's operation is more obvious, with the main focus being low and long.