xauusd moments and analysis

For gold, any pursuit of highs near 2090 is prohibited. If it wants to rise, that will happen later, not now. Therefore, for the position of gold, let’s look at the retracement first. However, after the continued rise, the short-term indicators are very strong and may not necessarily pull back immediately. It may consolidate at a high level or it may pull back quickly. In short, the idea is not to chase the high, but to go long, and to wait for the subsequent retracement before following up. The retracement should be at least about 20 US dollars.

Operation plan: Go short directly when the price is near 2090-2092, stop loss 2100, and target a correction of $20. This strategy is temporarily defined as a short-term strategy. It is currently unclear whether this position will be a short-term rapid correction or a wave of mid-term substantial correction.

Auxiliary strategy: If there is an expected rapid correction, continue to take long orders in the 2072-2070 area, stop loss at 2060, and look at the 2095-2100 area for the target of long orders.