XAUUSD: 24/8 Today's Trading Strategy
Updated
During the Asian session on Thursday, spot gold fluctuated within a narrow range and is currently around 1922, holding most of the overnight gains. On Wednesday, the price of gold rose by 0.95%, the largest one-day gain in more than a month. It once touched the 1920 mark and closed at around 1915 US dollars. Because the PMI data of European and American countries performed poorly in August, it increased the safe-haven demand for gold. Moreover, the market's expectations for the Fed's interest rate hike have cooled, and the dollar and U.S. bond yields have fallen, which has further attracted gold bargain hunting.
From the 1-hour chart, the k-line has a high-level sideways pattern to the market. This pattern is the first pattern immediately following a surge in gold, so we can judge that the current trend is bullish The trend, first of all, the pullback is very small after a wave of skyrocketing, which means that the bears have no counterattack power, or they are not as powerful as the bulls on the market. Secondly, the market rebounded from the 1902 line to the 1920 line with a volatility of nearly 20 US dollars. This short-term skyrocketing There is no callback, but it is consolidating at a high level. Looking at the 4-hour chart, after three trading days of continuous competition for the k-line trend, the strength of the bulls is stronger than that of the bears. Combined with the running posture of the three-line parallel open and upward divergence of the moving average Look, the bulls in the market are strong, and the macd trend line below is running above the zero axis, and the red energy column has begun to increase in volume. Looking at the daily chart, there is a big sun recorded on the disk k-line. We can see that it is relying on the 5-day moving average. The 20-day moving average above 1920 has a short-term suppression, but there is a golden cross at the bottom of the k-line. On the whole, jiesse recommends callbacks to do long gold in terms of short-term gold operation ideas today, followed by short rebounds. The top short-term focus is on the 1922-1925 line Resistance, followed by focusing on the first-line resistance of 1930-32, and the short-term focus on the first-line support of 1905-1907.
Gold Operation Strategy:
BUY: 1913-1915
TP1:1920
TP2:1925
SELL1925-1927
TP1:1920
TP2:1915
From the 1-hour chart, the k-line has a high-level sideways pattern to the market. This pattern is the first pattern immediately following a surge in gold, so we can judge that the current trend is bullish The trend, first of all, the pullback is very small after a wave of skyrocketing, which means that the bears have no counterattack power, or they are not as powerful as the bulls on the market. Secondly, the market rebounded from the 1902 line to the 1920 line with a volatility of nearly 20 US dollars. This short-term skyrocketing There is no callback, but it is consolidating at a high level. Looking at the 4-hour chart, after three trading days of continuous competition for the k-line trend, the strength of the bulls is stronger than that of the bears. Combined with the running posture of the three-line parallel open and upward divergence of the moving average Look, the bulls in the market are strong, and the macd trend line below is running above the zero axis, and the red energy column has begun to increase in volume. Looking at the daily chart, there is a big sun recorded on the disk k-line. We can see that it is relying on the 5-day moving average. The 20-day moving average above 1920 has a short-term suppression, but there is a golden cross at the bottom of the k-line. On the whole, jiesse recommends callbacks to do long gold in terms of short-term gold operation ideas today, followed by short rebounds. The top short-term focus is on the 1922-1925 line Resistance, followed by focusing on the first-line resistance of 1930-32, and the short-term focus on the first-line support of 1905-1907.
Gold Operation Strategy:
BUY: 1913-1915
TP1:1920
TP2:1925
SELL1925-1927
TP1:1920
TP2:1915
Note
As I analyzed in the morning, after a short-term shock from 1913 to 1915, it rose and hit TPTrade active
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