Xauusd:How much room is there for growth?

The escalation of the war has caused gold to rise again, but it is still blocked on the upper edge of the trend line VWAP, and there is currently no breakthrough.

Judging from technical trends, the chance of breaking through the previous high of 1997 is not high

If it rises again, gold will be overbought again, and the trend line will deviate again, which may eventually lead to a greater decline.

The H4 cycle Bollinger band opens downwards, and the temporary interval is 1965-1985

We need to pay attention to the upper resistance point range:
1975-1982
1985-1990
1992-1997
Pay attention to the range of support points below:
1968-1972
1962-1966
1950-1955
The volatility may continue today. If it falls below 1950, it can be confirmed that the trend has reversed.

Judging from the large cycle, there is not much room for gold to rise, so you can choose the above resistance points to sell, set a reasonable position according to your funds, enter in batches, and wait for the trend to reverse and fall.

But the impact of the war continues, and we still need to pay attention to the direction of the war at all times.

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Gold is now falling and has almost broken the first support level

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Continue to wait for the direction to be selected

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The 1H chart of gold shows that it has not broken through the first resistance range many times. If it cannot break through this range today, it can be judged that the strength of gold's rise will continue to decrease.

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An alarm sounded in northern Israel just now, and gold immediately rose. Is gold waiting for this news today?

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Lebanon's Hizbullah said it used guided missiles to target Israeli tanks, and the trend of gold is the same as yesterday.

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Reach the second resistance point and start to fall. If you sell gradually, you will start to make a profit now.

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Gold just peaked near 1987, and then began to fall back, and the strength of the rise gradually decreased. You can still start selling in the upper resistance range and wait for gold to fall.

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Israel agreed to postpone the ground offensive on the Gaza Strip, and gold continued to fall

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Gold is affected by the news of the war today. It will rise for a while and fall for a while. If you don't see a direction, you may lose money both when it rises and when it falls, so you'd better look at one direction and start trading gradually in batches, so that your chances of making a profit will be greatly increased.

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I will share my thoughts every day, join me, let us improve the success rate of trading together

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Changes in the war will still affect the trend of gold, so we still need to observe whether the war will expand to ensure our survival rate.

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