EagleEyeStrategy

3/30 Gold Trading Strategy

Short
EagleEyeStrategy Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

Gold oscillated in the range from 1950 to 1975, there was very strong resistance around 1969-1971, and the support was around 1963-1959, so trading during the turbulence period can be carried out around these positions.

If the upward attack around 1969 is under pressure and cannot be broken, then go short, around TP1963

If the 1959 support is not broken, go long, around TP1967

Break through 1959-1971, go long, around TP1975

Under pressure 1975 upside attack can not be broken short, TP1969-1970 near

Backtest 1969-1966, if the support is valid, go long, around TP1983-1986

Break below 1959-1955 support, short, around TP1947-1943

Trade active:
Gold empty orders start TP, observe support near 1963
Comment:
Continue to pay attention to the resistance around 1969 above, if you can't break through and stand firm, continue to short, TP1963
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