XAUUSD: Super Golden Week rises first and then falls
Updated
This week is about to usher in the end of the monthly line, and the release of key non-agricultural data. In fact, in my opinion, this week is actually a key turning point.
So far, gold has been tested 4 times to support here from 1940-38, and the support is still strong and has not been broken.
And let's look at the 4-hour graph:
We can find that the 4-hour graph is currently showing a bottom divergence signal, and the macd is in the state of a golden cross.
Under the current circumstances, it is definitely not possible to go short rashly, and there is a high possibility that there will be a wave of rebound trend coming.
In addition, there is non-agricultural data released this week, so it is very likely that there will be a trend of rising in the first half of the week and falling in the second half of the week.
Therefore, at the beginning of this week, I believe that the probability of non-U.S. currencies rising is very high, but as long as they dare to rise in the first half of the week, then the second half of the week will fall even more fiercely.
At present, I suggest that you can go long here at 1940-45. The upper target first looks at Friday's high point at 1955-60, followed by the high point at 1980-85.
So far, gold has been tested 4 times to support here from 1940-38, and the support is still strong and has not been broken.
And let's look at the 4-hour graph:
We can find that the 4-hour graph is currently showing a bottom divergence signal, and the macd is in the state of a golden cross.
Under the current circumstances, it is definitely not possible to go short rashly, and there is a high possibility that there will be a wave of rebound trend coming.
In addition, there is non-agricultural data released this week, so it is very likely that there will be a trend of rising in the first half of the week and falling in the second half of the week.
Therefore, at the beginning of this week, I believe that the probability of non-U.S. currencies rising is very high, but as long as they dare to rise in the first half of the week, then the second half of the week will fall even more fiercely.
At present, I suggest that you can go long here at 1940-45. The upper target first looks at Friday's high point at 1955-60, followed by the high point at 1980-85.
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