ActuaryJ

XAUUSD: 9/8 Gold Today's Strategy

ActuaryJ Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
​Wednesday (August 9th) spot gold remained volatile, currently trading around $1,928, the next day spot gold fluctuated downward, fell below the 1930 mark and fell to an intraday low of $1,922.83 in the U.S. session, and the U.S. dollar index climbed across the board European risk-sensitive currencies fell on a worsening global outlook, with gold falling to its lowest level in almost a month, as investors piled into the safe-haven dollar after weak trade data from major Asian nations, while ahead of U.S. inflation data due later in the week , cautious sentiment enveloped the market.

Looking at gold in 4 hours, the stochastic indicator KDJ is temporarily passivated, and the MACD does not have a golden cross, so it is difficult to rise at a large level for the time being; Today's upper pressure continues to focus on yesterday's opening and falling around 1935. The day's anti-drawing relies on this position to continue the main short and then look at the downward continuation. The direction continues to be short, and continues to take advantage of the trend to participate in the short.
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Gold operation strategy:
SELL: 1930-1933
TP1:1928
TP2:1923

BUY:1917-1920
TP1:1924
TP2:1930
Trade active:
The highest price is 1932, the price is reasonable, and I can go short in my target range
Trade active:
Take short-term profits and wait for the next trading signal
Trade active
Trade active

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