HectorBrown1

XAUUSD: Gold analysis and layout

Short
HectorBrown1 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold rose last week, and then began to slowly shake down, the lowest fell to around 1900, but still not broken 1900, Thursday bottomed out, Friday rose strongly, the highest to close near 1930, the weekly line closed a lower line longer than the upper line of the positive line. At present, it is temporarily in the range waiting for a breakthrough in the choice of direction, and the daily line is parallel to the end of the line, and the wide fluctuation between the upper and lower rails is temporarily seen in the short term

Four-hour chart a wave of recovery to recover lost ground, re-broke the downward step, approaching the fall, and there is no obvious unilateral direction in the short term, longer is in the sawing shock, the interval at the beginning of the week, the time point after the European trading, the day to pay attention to the small resistance 1930 breakthrough, followed by 1945/1953 pressure, Focus on 1916/1900 support below

Specific layout:

(1) See 1945/1953 can be short respectively, the target to see 1930-1922

(2) See below 1916 to do more, lose 7 points, the target to see 1926-1930 on the break

(3) Focus on the broken position in 1930

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Trade active:
1929
Trade active:
1926
Trade active:
1932
Trade active:
Gold successfully broke 1930, the follow-up plan will be updated tomorrow
Trade active:
1936
Trade active:
1933

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