XAUUSD: 21/7 Gold Trading Strategy

Gold analysis: Yesterday morning, it rose strongly to the 1987 line and then began to fluctuate and fall back. After the release of the initial jobless claims data in the U.S. market, it finally fell to the 1965 line to form a double support. From the current trend of gold, it can be long or short, but the closing price is around 1969, which shows that the bulls still occupy the home court in a short period of time. But you can't go blindly to see more. The short-term double bottom support below 1965 is not very strong and may be broken at any time. In the short term, the top has reached a key resistance position, and it is difficult to stand on it in a short period of time. At present, the top short-term resistance point is 1975. If the market does not break through, there will be a possibility of a second decline. This position needs to be paid attention to.

​Back to the topic, judging from the fact that gold closed above 1965 yesterday, the bulls will remain unchanged in the short term. As for when the adjustment will end, we need to wait for the trend to come out. Today's operating strategy:
SELL: around 1980
TP1:1973
TP2:1965
BUY: 1963-1960
TP1: 1968
TP2: 1975
Continue to pay attention to real-time dynamics

Trade active:

From 1963 to 1960, positions have been opened in batches, and daily analysis will definitely make all profits for five days this week!

Trade active:

BUY1960 TP1968

Trade closed: stop reached:

Close the position around 1962