How to trade gold better after the holidays?
Combining the above picture, it is not difficult to see the absolute randomness of the market.
The current trend of gold prices is still in a rebound trend after falling. Clearly there is a long opportunity, but where is the specific buying point? Some people may choose to short. Of course, these are all executable operations.
I tend to go long on gold. The short-term upper resistance is at 2645 or above, which is the front dense trading area, and there is a certain selling pressure. The support below is at 2610-2600. The support strength at this position is relatively large. The importance of integer level support.
According to the absolute contingency of the market. Plus the bullish trend. Going long in batches is likely to win. Close the order according to your expected profit.
There are no heavy factors on the news for the time being. The Federal Reserve's interest rate decision before Christmas is a heavy bomb, I believe everyone has seen it. But there is no similar news in the short term. Moreover, the deliberate proxy of geopolitical wars will lead to an increase in demand for gold prices, and the gold price will definitely rise all the way with rising risk aversion. So going long is a wise choice. Maintain the above support pressure before breaking the range, and you can do some high-selling and low-buying. Replan after the range is broken. Stay tuned for updates. This way you won’t miss out on real-time analysis. If you are a novice trader, this is a good learning opportunity. If you are a long-time trader, you can also follow the insights to get some trading opportunities.
OANDA:XAUUSD TVC:GOLD COMEX:GC1!
