XAUUSD:Today's Trading Strategy

Perhaps you have rejected countless shocking temptations and are only waiting for that uncertain breakthrough. Even if a long-term range is brewing, the short-term wait is certainly one-sided. Time has become the biggest cost, and patience is all preparation. The financial market is forgetful, and there is no permanent one-sidedness. Starting a business is always easier than keeping a business, and trading is always more practical than waiting and watching. The market is not waiting for opportunities, but making preparations after trading. Good luck!

Gold has recently entered a surge mode. After continuous increases, the momentum of market price increases has weakened. The highest reached 2188 on the last trading day, and then fell back to the 2175 line. Subsequently, the market price fluctuated around the 2175-2185 range, and currently seesaws repeatedly near the 2181 position. Compared with the gains in previous trading days, the range of the band space in a single trading day is smaller, in line with weekend expectations. For the current shock, there is a need for technical adjustments, which also indicates an intense game of long and short positions.

Then the trading range of the fluctuation trend is as shown in the figure:

Sell high and buy low around the 2195-2165 range. If you are more cautious, you can try a high-altitude strategy. The key support level is near 2165 below. The low point in the non-farm payrolls data is a point that cannot be ignored. Price testing is normal.

Please continue to pay attention to more strategies, and please refer to ↓ for accurate trading strategies.

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