The gold hourly chart is forming a head and shoulders top, and it fell back as expected. Now it has stopped falling at the neckline position of 3022 and rebounded again. However, the 4-hour chart did not close higher, and the market continues to be bearish.Operationally，It is recommended to continue to implement the strategy of increasing positions and short selling below 3037, and continue to watch for a sharp drop!.In terms of short-term gold trading, it is recommended to short on rebounds and long on pullbacks
Gold operation strategy reference:
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when gold rebounds to around 3037-3040, stop loss at 3055, target around 3025-3015, and look at 3005 if it breaks;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when gold pulls back to around 3003-3005, stop loss at 8 points, target around 3015-3025, and look at 3035 if it breaks;
Gold operation strategy reference:
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when gold rebounds to around 3037-3040, stop loss at 3055, target around 3025-3015, and look at 3005 if it breaks;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when gold pulls back to around 3003-3005, stop loss at 8 points, target around 3015-3025, and look at 3035 if it breaks;
Focus on trading XAUUSD, USOIL, BTC
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
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.
Focus on trading XAUUSD, USOIL, BTC
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
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.