XAUUSD: 12/9 Today’s Trading Strategy

In the U.S. market on Monday, as the U.S. dollar fell back ahead of the release of key U.S. inflation data this week, gold prices rose, once exceeding 1930, and were expected to have their best trading day in the past two weeks. The U.S. dollar remains weak, while gold is trying to hold on to the 1920 mark. This week's economic calendar has less data, and the focus is on the U.S. CPI inflation report later this week, which will have an important impact on the path of the Federal Reserve's interest rates.

Gold continues to fluctuate today, near 1920. Yesterday, gold rebounded many times and fell back near 1930. The second attempt to break through 1930 failed. I quickly informed my friends during the session to go short at 1927 and successfully made a profit. This shows that there is obvious pressure from above, and it is still under the continuous sharp rise of the US dollar. , compared with the previous decline, gold has resisted the decline significantly this time. The daily line reached a maximum of 1930.8, and then the market fell back under pressure. The daily line finally closed at 1922.1. The market ended with an inverted hammer shape with a very long upper shadow line. After the end of this form, the daily line double stars showed signs of pressure. . In the 4-hour chart, a wave of high backtests still closed at a low level. It had previously stabilized and risen at the 1916 line. Now it has entered a contraction and shock. The space convergence is getting smaller and smaller. It is waiting for the breakthrough of the physical K-line. It is currently under pressure around 1930. The daily chart shows that gold has remained above the Bollinger Track in the past two trading days, closing as a cross star, and the long and short forces are relatively hesitant. The rise did not break through the resistance of $1930, and the fall did not break through the support of $1915. Then today's operation can continue to operate around this range.
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​Gold operating strategy:
SELL:1930-1933
SL:1937
TP1:1926
TP2:1922

BUY:1917-1920
SL:1913
TP1:1924
TP2:1927

Trade active:

In early US trading yesterday, gold prices fell as institutions sold gold in large quantities. I believe 90% of people in the market are losing money. Jiess also lost 60pips, but Jiess quickly adjusted the plan, going long in 1911, 1914TP, and then short in 1914~1915. Now it hits TP and successfully recovers the loss and profit. Jiess will never let you down.

Trade active:

CPI is released today. Blind betting will cause many people to lose everything. Are you ready to trade today?

Trade active:

The direction of gold’s decline is accurate. I’ll wait for you at the old place.