XAUUSD:Short first then long on opening
Updated
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XAUUSD formed a double bottom support on the hourly chart, and the moving averages formed a bullish cross, indicating a clear bullish signal. The opening is expected to test the 1860 resistance level, then break through the previous high after a dip. The main idea for next week is to follow the trend and buy on dips.
Personal trading plan: Short at 1860, with the first target at 1850, the second target at 1840, and stop loss at 1870. Buy again at 1840, with the first target at 1855, the second target at 1870, and stop loss at 1830.
Next week, it is important to pay attention to the ADP and NFP data, as this data will greatly impact the XAUUSD trend. Please focus on it, and I will also help analyze the data situation. If there are any changes in the market, I will update the strategy in time. If you have any questions, please leave me a message, and I will give you the safest strategy.
XAUUSDNote
waiting to startNote
Focus on the 1840-1860 range this weekTrade active
Focus on the ADP and NFP data to be released this week, I will help you analyze
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