Short-termTaurus

Today's major data announcement, how to trade

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Analysis of gold layout: From the perspective of the structure of gold, gold rose slowly to the 1923 line yesterday and then began to fall after many pre-breakthroughs failed. We can't blindly operate this kind of trend too much. The final direction of gold is also out tonight. Although the failure to break through the high point for many times has made the bulls lose their confidence, and the momentum of the bulls has gradually weakened. It is expected that gold will go out of the weak weak downward trend for a short time. Waiting for the correction to break through the 1923 resistance will allow us to continue looking above 1930. Today's operation is based on the old rules, just sell high and buy low.



​Back to the topic, gold was affected by the bad news last night, and its upward momentum has weakened significantly. It failed to hold above 1920, and this week's rebound is over.

Today, let’s watch gold rise to 1921-1923, reach this range to find a high level and enter the market to short, SL1928, TP1910
Fall to around 1911 and go long, SL1904, TP1920
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