XAUUSD: 18/7 Gold Trading Strategy
Updated
Gold analysis: The gold short trading signal shared yesterday entered the market around 1959 and successfully made a profit.
Gold soared higher and fell back yesterday. The previous corrections have come to an end for the time being, and it is unknown whether the bulls can successfully take over and continue to attack the short-term high of 1963. At present, since gold rose to the high point of 1963, the trend has retraced and fluctuated sideways. Under this trend, we only need to confirm the range, and sell high and buy low within the range. We can see that the support position of the low point below has been moving up, especially the recent low point of 1945, which can be regarded as a new support level in the short term. At present, the resistance has changed to support, and the rise of gold is still relatively strong. Regardless of whether you are long or short, we just enter the market when we have a chance and make money.
Back to the topic, gold fell to the lowest point of 1945 on Monday and then began to rebound. The overall operation was above the 1954 line until the close, and the willingness of the bulls can be clearly seen. So today's operating strategy:
SELL: 1965~1968
TP1: 1958
TP2: 1955
BUY: 1950~1945
TP1: 1955
TP2: 1960
Gold soared higher and fell back yesterday. The previous corrections have come to an end for the time being, and it is unknown whether the bulls can successfully take over and continue to attack the short-term high of 1963. At present, since gold rose to the high point of 1963, the trend has retraced and fluctuated sideways. Under this trend, we only need to confirm the range, and sell high and buy low within the range. We can see that the support position of the low point below has been moving up, especially the recent low point of 1945, which can be regarded as a new support level in the short term. At present, the resistance has changed to support, and the rise of gold is still relatively strong. Regardless of whether you are long or short, we just enter the market when we have a chance and make money.
Back to the topic, gold fell to the lowest point of 1945 on Monday and then began to rebound. The overall operation was above the 1954 line until the close, and the willingness of the bulls can be clearly seen. So today's operating strategy:
SELL: 1965~1968
TP1: 1958
TP2: 1955
BUY: 1950~1945
TP1: 1955
TP2: 1960
Trade active
Did not reach 1965, SELL1960.5 successfully opened a positionTrade active
Observing the data for two hours, you can short-term short-term now, and you can buy half-position if you are afraid of risksNote
In 1981, short selling made a profit of $5, set SL to the entry point, and continue to look at 1972TPTrade active
TPTrade active
Gold: BUY1975~1972, SL-7, TP1985 (personal opinion, not as the basis for placing an order)Trade active
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