XAUUSD: Operating strategy for the second week of July
This week's gold analysis: The trend of gold this week is still the same as last week, and it cannot get out of the range shock. I originally thought that the non-agricultural situation could break the current situation of gold. Still seems disappointed.
After bottoming out and recovering on Friday, it seemed that the rise was strong, but it was just in shape. After rising to the 1934 line, the bears had the upper hand, and there was no upward momentum anymore. Before I thought that the overall short position cannot be reversed if it does not stand above 1930, which also proves what I thought. At present, we can see that the price of gold has risen by about 25 U.S. dollars since the news of non-agricultural benefits came out, and the closing price is also firmly above 1925. It can only be said that the current gold short forces have been temporarily suppressed, and the bulls have the momentum to regain their dominant position, but before breaking through the 1940 position, it can be said. So what we are considering now is not to look long or short, but to consider the position of entry is the key. This week mainly depends on the release of CPI data on Wednesday to see if gold can break through the range and go in a new direction.
So this week's operation strategy, just find a suitable point to enter the market. Because I only do short-term within the day, so the operation is still the same as last week, just sell high and buy low. Net assets increased by 37% last week, hopefully I will make more profits this week! Focus on the 1910~1940 interval, follow my new post for more detailed entry timing
After bottoming out and recovering on Friday, it seemed that the rise was strong, but it was just in shape. After rising to the 1934 line, the bears had the upper hand, and there was no upward momentum anymore. Before I thought that the overall short position cannot be reversed if it does not stand above 1930, which also proves what I thought. At present, we can see that the price of gold has risen by about 25 U.S. dollars since the news of non-agricultural benefits came out, and the closing price is also firmly above 1925. It can only be said that the current gold short forces have been temporarily suppressed, and the bulls have the momentum to regain their dominant position, but before breaking through the 1940 position, it can be said. So what we are considering now is not to look long or short, but to consider the position of entry is the key. This week mainly depends on the release of CPI data on Wednesday to see if gold can break through the range and go in a new direction.
So this week's operation strategy, just find a suitable point to enter the market. Because I only do short-term within the day, so the operation is still the same as last week, just sell high and buy low. Net assets increased by 37% last week, hopefully I will make more profits this week! Focus on the 1910~1940 interval, follow my new post for more detailed entry timing
Trade active:
The market is so cold this morning. I believe that everyone, like me, has not found an opportunity to enter the market. We will wait for the US market to find another opportunity. Don't trade just to trade!
Trade active:
Buy at the lowest point and get the first profit of the week
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