XAUUSD: 17/7 Trading Strategy
Updated
Today's gold analysis: Friday's multi-single strategy, after gold fell to the 1950 position, gave an opportunity to enter the market. Finally, take profit and leave the market at the 1959 position.
Today we need to pay attention to the support position of the 1940 position, while the above needs to pay attention to the breakout of the 1963 position. This wave of rebound and correction last week failed to close at a high level, and returned to the shock below 1960. There was a slight signal of stopping the decline, the upward trend could not be continued, and the short-term turned short again, which was also a correction due to the previous rapid rise. Last Friday, DXY also showed signs of stopping the decline, but the rebound was very small. The main idea for gold this week is to return to the previous sell high and buy low.
Back to the topic, since gold rose to the upper high of 1963 and the low of 1950 on Wednesday, it has been tested back and forth many times, but in the end all failed, and it has never been able to break through. This week is mostly about waiting for a breakthrough to go in a new direction.
Today's strategy:
BUY: 1945-1940
TP1: 1950
TP2: 1955
SELL: 1960-1965
TP1: 1955
TP2: 1950
Today we need to pay attention to the support position of the 1940 position, while the above needs to pay attention to the breakout of the 1963 position. This wave of rebound and correction last week failed to close at a high level, and returned to the shock below 1960. There was a slight signal of stopping the decline, the upward trend could not be continued, and the short-term turned short again, which was also a correction due to the previous rapid rise. Last Friday, DXY also showed signs of stopping the decline, but the rebound was very small. The main idea for gold this week is to return to the previous sell high and buy low.
Back to the topic, since gold rose to the upper high of 1963 and the low of 1950 on Wednesday, it has been tested back and forth many times, but in the end all failed, and it has never been able to break through. This week is mostly about waiting for a breakthrough to go in a new direction.
Today's strategy:
BUY: 1945-1940
TP1: 1950
TP2: 1955
SELL: 1960-1965
TP1: 1955
TP2: 1950
Trade active
I have opened positions in batches in 1959, and the rest are waiting for market verificationTrade active
TP1952, SELL1955/1959 all profitableTrade active
BUY1949's long order, now BUY1953 to increase the position, wait for the profit and then end today's transactionTrade active
This is the analysis in the morning, the long signal given, the TP has left the market, and the trading signal continues to be profitable todayTrade active
Good morning! Ready to start trading today, I will post today's trading strategy later
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