XAUUSD: 4/8 Gold Trading Strategy Today

Today's analysis: After the 4-hour chart broke low, it remained horizontally below the broken low point. Due to the approaching data, trading was cautious, and the amplitude space further shrunk. At present, the 4-hour structure is still running in a downward step for the time being, but after the space shrinkage yesterday, it will continue to the transition of the Asia-Europe market today, and the US market will combine with the data to break the deadlock. Looking at gold from the 4-hour line, all indicators have turned short, but they have not entered oversold. The support in the early stage of 1942 has been converted into strong pressure, and the price below this is trending bearish. Pay attention to 1939-1941 in the Asian-European market for the time being. If this position does not recover, it is better to maintain a high-altitude thinking in the short-term, and operate in a downward channel with step shocks. If the downward channel does not recover, the short-term trend will not change.

​​​​Gold operation strategy:
Rebound to 1939-1941 short, stop loss 1946, target below 1928.

Step back to 1923-1926 to go long, stop loss at 1920, and target above 1950.

Trade active:

Go long in the 1923~1926 interval, the direction is completely correct, today’s data daily profit is 100+pips

Trade active:

The data day is another day of explosive profits

Trade active:

Don't be short now, the suppression of 1950 has not yet appeared