XAUUSD:Return to Technical Trading

Today's volatility was mainly driven by weekend emergencies. Now that the market has returned to calm, trading has returned to technical aspects again.

At present, there is some support from 2023 to 2018. After all, it has experienced a sharp decline. Unless there are special events that have an impact, the repair of the technical form is inevitable.

Under this premise, the remaining trading time today and the Asian market tomorrow can be carried out in the 2018-2042 range. In this process, the support is 2018-2023, the resistance is 2031-2033, followed by 2037-2042. If it falls below 2018 , it is likely to return to the range of 2013-2001.

The above are my views on gold trading, I hope it can help everyone. If you need more specific information, you can contact me.

good luck!

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great

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Current resistance 2034, 2041-2043

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The current technical form is conducive to short positions. If it can try to make a bottom at the previous low (near 2020) or below the previous low, then the strength and space for the rebound will be relatively large. My current trade is mainly short.

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The rebound does not break through the resistance. It will fall below yesterday's low and then try to rebound. The 1D chart pattern is short, with four gaps to be filled. This week is NFP week. Big risks are also accompanied by big opportunities.

If you don’t know how to trade, welcome to join me

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Guys, the week is over with some nice profits, have a great weekend!