Gold Spot / U.S. DollarUpdated Gold Trading Strategy For Next Monday
📊Gold showed a volatile market this week, with prices fluctuating repeatedly between the 2930 pressure level and the 2892 support level. According to the strategy of shorting at high and buying at low, we have made profits many times. Friday's non-farm payrolls and unemployment benefit data are both bullish for gold, but gold prices still fell back after rising, maintaining a volatile pattern.
📊The gold 1-hour line fluctuates within the box oscillation range, but the moving average has begun to turn. If the moving average diverges downward next week, it may suppress the confidence of bulls. The current resistance is in the 2928-2930 range. Only by effectively breaking through and standing firm at 2930 can the upward space be further opened.
🔴Upper resistance level:
-First: 2928-2930
-Second: 2940-2950
-Third: 2956-2960
🟢Lower support level:
-First: 2895-2890
-Second: 2885-2880
-Third: 2865-2860
✅Gold closed with a cross star for three consecutive days on the daily line. The trend on Monday needs to be observed after the opening. It is recommended to continue to adopt a high-sell and low-buy strategy before approaching yesterday's high and low points(2930-2895).
✅Trading strategies are time-sensitive. We will adjust trading strategies in real time according to market changes. Please pay attention.
📊The gold 1-hour line fluctuates within the box oscillation range, but the moving average has begun to turn. If the moving average diverges downward next week, it may suppress the confidence of bulls. The current resistance is in the 2928-2930 range. Only by effectively breaking through and standing firm at 2930 can the upward space be further opened.
🔴Upper resistance level:
-First: 2928-2930
-Second: 2940-2950
-Third: 2956-2960
🟢Lower support level:
-First: 2895-2890
-Second: 2885-2880
-Third: 2865-2860
✅Gold closed with a cross star for three consecutive days on the daily line. The trend on Monday needs to be observed after the opening. It is recommended to continue to adopt a high-sell and low-buy strategy before approaching yesterday's high and low points(2930-2895).
✅Trading strategies are time-sensitive. We will adjust trading strategies in real time according to market changes. Please pay attention.
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✅Intraday Trading strategy:
🔶GOLD SELL: 2928-2930
🔰TP1: 2915
🔰TP2: 2900
🔰TP3: 2895 OPEN~
🔶GOLD BUY: 2893-2896
🔰TP1: 2910
🔰TP2: 2920
🔰TP3: 2930 OPEN~
✅Trading strategies are time-sensitive. We will adjust trading strategies in real time according to market changes. Please pay attention.
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.
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.