After experiencing intraday volatility, XAUUSD rebounded from the bottom after the release of the Consumer Price Index (CPI) data in the evening. The price dropped to the 0.382 support level of the upward retracement at the lowest.
In terms of this retracement, the range is relatively small, which fully demonstrates that the bulls remain strong. The price level of 2930 has withstood market tests for many times, and there is a high probability of a subsequent breakout. Therefore, the main trading strategy should focus on going long and anticipating a breakout. Calculated based on the magnitude of the previous upward trend, the price of XAUUSD is expected to rise to 2940/2960.
Operation policy reference：
Short Position Strategy
1:XAUUSD sell@2945-2948 20%Transaction of funds ， tp:2930-2920-2910
2:XAUUSD Buy@2910-2915 20%Transaction of funds ， tp:2930-2945-2955
The Signals have timeliness , if you also need to get accurate signals every day，follow the link below to get my daily strategy updates
If your account is still in the red, you need to pay attention to whether the resistance is valid. If the resistance is valid, there may be a decline. You can close your order on the decline and trade in the right direction again
Trade active
XAUUSD about to hit that 2945-2948 resistance Gonna short it
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.