Xauusd:Interval resistance support
Yesterday's crazy gold finally calmed down today. Today, the United States will release November's service industry PMI data, as well as JOLTs job vacancy data, which are all very important news. Will it make gold crazy again? Let's continue to see.
Yesterday we mentioned that Friday's non-farm payrolls is a time window to determine the future direction of gold. Before Friday, I think there is a greater chance of range fluctuations, but crazy gold cannot be treated with the usual eyes.
So we have to follow the trend to trade and trade small lots, so that you will have more room to increase your position.
Judging from the chart, gold has fallen below the upward trend, but stopped falling on the VWAP trend line, so today we can observe the range of 2050-2020
Aggressive traders can gradually sell above 2040 and gradually increase their positions. The stop loss is set at yesterday's support point of 2055.
If you already have a buy order, you need to observe the strength of the support point. If you fall below the support point and are blocked, you should make a stop loss to reduce your loss. As long as you follow my strategy, your success rate will be greatly increased.
If you don't know how to trade, join me and let us learn together to improve the success rate
