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Xauusdsetup

XAUUSD:If you are long or short, what should you do next? As of today, gold has not fluctuated much, and the resistance is mainly concentrated near 2336. From the chart, there are signs of head and shoulders. If formed, the next low point should be around 2312-2307. In terms of trading ideas, maintain low longs for the time being. What needs to be paid attention to at present is the support of the range of 2321-2317, which can be used as the area to start longs with moderate risk. Because if the market falls to around 2307, the probability of rebounding is relatively large, and the resistance of the rebound will also appear near 2318. Then the long orders added in the range of 2312-2307 will give some profits, and the longs near 2320 will suffer a small loss, but overall the transaction will end with profit. Another strategy is to start short trading directly. If the support is effective, you can add orders in the range of 2336-2346, because from a medium-term perspective, I still tend to be short-selling, and the target is maintained in the area near 2268. Therefore, no matter whether you are currently holding long or short positions, you don’t need to worry too much. As long as the account funds are sufficient, you can end up with a profit. If you have any other questions, you can leave me a message.
FOREXCOM:XAUUSD
by Allen_Ex
XAUUSD:Entering the bearish zone, target around 2268 Gold rose sharply yesterday, breaking through the 2352 resistance in one fell swoop, and is currently located near 2360. The chart is now entering the triangle consolidation stage. After the price breaks through 2352 and stabilizes above it, the resistance has turned into support. Then in the next consolidation stage, the first support to focus on is the area near 2352. The upper resistance is based on the previous high point, which is located near 2368, 2374, 2379 and 2383 respectively. Today, we can focus on 2368-2374. If we enter this range, we can sell directly, and the probability of profit is more than 80%. After the price reached above 2352, my overall trading strategy has changed from long to short, and I will do trend-based medium-term trading, with the target maintained near 2268, just like our previous short target near 2280 and the long target at 2352. It takes a time to complete, so if you want to follow, please be patient!
FOREXCOM:XAUUSDShort
by Allen_Ex
XAUUSD: Bearish trend, target 2268 Gold found short-term support near 2300 and rebounded again. It is currently around 2330. The large-scale indicators show that the bullish force has not been fully released. There is a high probability that there will be another wave of upward market in the US market today or early next week. The strong resistance will be mainly concentrated around 2352. At that time, the release of bullish force will end and enter the buffer period. If the indicator cannot form a bullish trend again, the gold price will return to below 2300. The next short target will be around 2268. At present, my trading strategy will be mainly short.
FOREXCOM:XAUUSDShort
by Allen_Ex
XAUUSD:Short, medium-term target 2306-2294 After yesterday's rise, the divergence of the gold indicator has been repaired. Today, it fell again and is currently near the small-level support. There is a rebound demand, and the resistance is near 2340. In the big trend, the shorts have more advantages. 2368 is still a strong resistance. Before that, 2352-2363 is an important resistance. In terms of overall large-scale transactions, 2306-2294 can be used as a medium-term target. If you have any questions, feel free to leave me a message. Have a good day and good luck to everyone!
FOREXCOM:XAUUSDShort
by Allen_Ex