XAUUSD: sell 2404-2416

Updated
https://www.tradingview.com/x/r5HTHf84/

The current gold 30m chart indicator shows signs of weakness, but the 2h chart currently has the advantage for bulls. Continue to pay attention to the resistance near 2392.
If it cannot break through, the backtest support near 2383-2377 has a high probability. If it breaks through, the upper 2404-2416 range will be the short-term top.

Friends who hold short orders should pay attention to the status of their accounts. If they cannot bear the risks caused by its rise, close them in time to avoid account loss.
Trade active
There was no breakthrough resistance, and it rebounded again after backtesting the support of 2383-2377.
Trade active
The short order profit in the 2404-2416 range is very good. It is currently close to the support near 2383. The trading idea continues to maintain the rebound short position.
Trade active
It is rebounding, the 1h indicator is biased towards the long side, go long when it falls back, or go short near 2408-2416
Chart PatternsTrend Analysisxauusd4hxauusdanalysisxauusdbuyxauusdideaxauusdlongxauusdsellxauusdshortxauusdsignal

Related publications

Disclaimer