Allen_Ex

XAUUSD:Go long in the 2333-2326 range

Long
Allen_Ex Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

Gold encountered resistance in the 2363-2373 range. In the small-level candle chart, the indicators began to show weakness. Focus on the support in the 2333-2326 range. If the support is effective, go long. Continue to focus on the resistance in the 2363-2376 range.

On the 4h chart, it now faces the question of whether to form a head and shoulders pattern, the answer to which will be revealed on Wednesday.

Judging from the current trend, I think the probability of success of the pattern is relatively high, so last Friday, I told everyone that my short order target is in the 2305-2283 range. As of now, I still maintain this view.
Trade active:
Reach the long position near 2326
Trade active:
Long orders have already made huge profits
Trade active:
Long orders closed
Trade active:
The strength of the bulls is very strong. After the opening, focus on the resistance 2384-2393, first go short and then go long.

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