XAUUSD: the decline is far from over, continue to short rallies
Looking back at this week's strategy, we have sold short on rallies many times, with a 100% winning rate and very good profits. Today is still no exception, and we will continue to sell on rallies
Judging from the current 4-hour graph, the position that can be shorted is the 2000-2005 range. If there is a rebound in this range without reaching 1970, then it can still be shorted.
However, if you don’t call back directly and go directly to test 1970, then you don’t need to wait. If you are aggressive, you can go long directly at 1970 and see the rebound to around 2000.
However, the current main trend is still falling, so it is best to wait for an opportunity at a high altitude, but if it does not fall below 1970, don't go short. Instead, you can go long with a short-term rebound.
GOLD
XAUUSD
Judging from the current 4-hour graph, the position that can be shorted is the 2000-2005 range. If there is a rebound in this range without reaching 1970, then it can still be shorted.
However, if you don’t call back directly and go directly to test 1970, then you don’t need to wait. If you are aggressive, you can go long directly at 1970 and see the rebound to around 2000.
However, the current main trend is still falling, so it is best to wait for an opportunity at a high altitude, but if it does not fall below 1970, don't go short. Instead, you can go long with a short-term rebound.
GOLD
XAUUSD
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Looking back at the signals of this week, we have sold on rallies many times, with a winning rate of 100%, and the profits are very good. Today is still no exception. We continue to sell at a high level and make the first profit today.
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