XAUUSD: 2020-2000 sell high and buy low
Judging from the hourly chart, the high point of the callback last Friday was at 2022. If it breaks through 2022, then gold may go to test around 2030 in the market outlook.
We can see from the picture that the current position near 2020 is 618. As long as it does not go up here, then gold will still maintain a low level for consolidation in 2000-2020.
Once it is said that the 2000 mark is broken here, then the lower part may directly fall to 1970 here.
Therefore, next, gold also needs to pay attention to the two positions of 2020 and 2030.
We can enter the market in batches to short at these two positions, and the lower target positions will be at 2000 and 1970.
GOLD
XAUUSD
We can see from the picture that the current position near 2020 is 618. As long as it does not go up here, then gold will still maintain a low level for consolidation in 2000-2020.
Once it is said that the 2000 mark is broken here, then the lower part may directly fall to 1970 here.
Therefore, next, gold also needs to pay attention to the two positions of 2020 and 2030.
We can enter the market in batches to short at these two positions, and the lower target positions will be at 2000 and 1970.
GOLD
XAUUSD
Trade closed: target reached:
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