XAUUSD:11/9 Today Gold Trading Strategy
Last Friday, the gold market as a whole experienced a narrow range of shocks around the 1930 mark. During the Asian and European trading sessions, the price quickly shot up and broke through the 1927 mark, but then encountered suppression and fell back, falling further and falling into sideways fluctuations. It began to fall rapidly in the US market, but stabilized near the 1920 mark and ushered in a rapid rebound. In the end, the price broke through the 1929 line, but still fell back under pressure, and fell again to near the 1917 mark in the market outlook, finally closing at around 1918.
Gold countered in early trading last Friday, and temporarily stopped after reaching a maximum of around 1929. At the same time, the European market did not move weakly, and was relatively resistant to decline. From the current market point of view, there is a long shadow line on the daily chart. , it remains to be seen whether it is stabilizing for the time being or whether it will decline further after the mid-rail correction. From the chart, it still shows a downward trend, but the price has support here at the mid-rail. Judging from the trend on Friday, the rebound is relatively weak. We The predicted 1930 target has not been breached. Decline is the main trend at present. The decline is mainly passively affected by the strong rise of the US dollar index. The lower support will remain at last week's low of 1914. The probability of this position continuing to fall is low. The daily line closed with a small positive on Friday. It is also very likely that it is a reversal signal from the bulls, and the daily line is still relatively in the upward channel, so for today's operation, it is relatively simple. Therefore, the intraday operation can be considered to be mainly within the 18-20 range. When reaching this position, adopt a long strategy and look at the 1930 position above. If the position is broken, you need to wait for the market to stabilize before considering shorting.
Gold operating strategy:
BUY:1918-1921
SL:1913
TP1:1925
TP2:1930
Gold countered in early trading last Friday, and temporarily stopped after reaching a maximum of around 1929. At the same time, the European market did not move weakly, and was relatively resistant to decline. From the current market point of view, there is a long shadow line on the daily chart. , it remains to be seen whether it is stabilizing for the time being or whether it will decline further after the mid-rail correction. From the chart, it still shows a downward trend, but the price has support here at the mid-rail. Judging from the trend on Friday, the rebound is relatively weak. We The predicted 1930 target has not been breached. Decline is the main trend at present. The decline is mainly passively affected by the strong rise of the US dollar index. The lower support will remain at last week's low of 1914. The probability of this position continuing to fall is low. The daily line closed with a small positive on Friday. It is also very likely that it is a reversal signal from the bulls, and the daily line is still relatively in the upward channel, so for today's operation, it is relatively simple. Therefore, the intraday operation can be considered to be mainly within the 18-20 range. When reaching this position, adopt a long strategy and look at the 1930 position above. If the position is broken, you need to wait for the market to stabilize before considering shorting.
Gold operating strategy:
BUY:1918-1921
SL:1913
TP1:1925
TP2:1930
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New week continues to be profitable
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Good luck, same spot today
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CPI is released today. Blind betting will cause many people to lose everything. Are you ready to trade today?
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The direction of gold’s decline is accurate. I’ll wait for you at the old place.
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✅More than 2000pips profit every month
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