XAUUSD: 31/7 Gold Trading Strategy
Updated
Gold analysis: trading strategy has won nine trading days in a row, and today I will bring you a new trading strategy
After the Fed raised interest rates, gold returned to the 1980 mark. 1985 was the top of the previous 1940-1985 shock range, or the 50% position of the 2078-1983 Fibonacci retracement. It is expected that the Air Force will launch a counterattack here. In the end, the shorts won, and gold still rushed up and fell back to around 1940. At present, gold shows an M-top shape above 1980, and it also successfully fell below the neckline position of the 1950 mark. However, the rebound repair hit 1964 and was blocked. If this position is regarded as an irregular head and shoulders top, left and right shoulders, it can be said that it has passed, and it was hovering in the 1950-1964 range in the early stage. , Now it is blocked and fell back below 1960. From my personal point of view, it is definitely obvious that gold has peaked in the short term. Both the M-top shape and the head-and-shoulders top shape are bearish.
Today's monthly line is closed, and the current monthly line is falling at a high level. If it can fall below the 1950 watershed today, then the decline will be more clear to continue.
Today's gold operation strategy:
SELL: 1962-1965
TP1:1957
TP2:1952
BUY:1947-1950
TP1:1955
TP2:1960
Pay attention to follow-up real-time trading signals and bring you profits
After the Fed raised interest rates, gold returned to the 1980 mark. 1985 was the top of the previous 1940-1985 shock range, or the 50% position of the 2078-1983 Fibonacci retracement. It is expected that the Air Force will launch a counterattack here. In the end, the shorts won, and gold still rushed up and fell back to around 1940. At present, gold shows an M-top shape above 1980, and it also successfully fell below the neckline position of the 1950 mark. However, the rebound repair hit 1964 and was blocked. If this position is regarded as an irregular head and shoulders top, left and right shoulders, it can be said that it has passed, and it was hovering in the 1950-1964 range in the early stage. , Now it is blocked and fell back below 1960. From my personal point of view, it is definitely obvious that gold has peaked in the short term. Both the M-top shape and the head-and-shoulders top shape are bearish.
Today's monthly line is closed, and the current monthly line is falling at a high level. If it can fall below the 1950 watershed today, then the decline will be more clear to continue.
Today's gold operation strategy:
SELL: 1962-1965
TP1:1957
TP2:1952
BUY:1947-1950
TP1:1955
TP2:1960
Pay attention to follow-up real-time trading signals and bring you profits
Trade active
1960 entered the market perfectly, have you shorted gold?
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