Judging from the golden 8-hour graph:
At present, gold has already tested to the top position of the 8-hour graph, and we can find that there is also a sequence 9 signal above.
Coupled with the suppression of the top trend line, I feel that the probability of gold breaking through hard is really not high.
Moreover, plus today is Friday, if there is a black swan, the possibility of gold falling along with the trend is also very high.
Therefore, today I am not optimistic that gold bulls will continue to rush upwards. On the contrary, I am more inclined to look downwards for a callback.
The important support for gold below is at 2032. As long as it can fall below 2032 today, then it can support the moving average position at TP2020-2010.
Therefore, the next operation is mainly to overestimate the short position. If we return to around 2045 again, we can directly enter the market and short.
Secondly, if it falls below 2032, we can also take advantage of the trend to chase short, looking at TP2020-2010.
Trading straregy:
XAUUSD:2045 sell
TP:2020-2010
XAUUSD
GOLD
Trade closed: target reached:
XAUUSD:Arrive at TP1
XAUUSD:Arrive at TP1
Trade closed: target reached:
XAUUSD: successfully reached TP2, take profit, continue next week
XAUUSD: successfully reached TP2, take profit, continue next week
