#XAUUSD
After two consecutive trading days of volatility, gold finally began to fall under pressure near 3335. After breaking through the 3300 mark, the price of gold accelerated its decline, reaching a low of around 3268, and yesterday's daily line closed with a large negative line. 📊
Today's rebound is more likely to be based on the buffering performance of the impact of news. The ATR data also shows that the bullish momentum is slowly weakening in the short term. 🐻After digesting the impact of yesterday's news through rebound during the day, it may fall again in the future.📉
📎The primary focus today is 3305 above, which was also the high point of yesterday's pullback correction. If the gold price rebounds to 3305-3320 and encounters resistance and pressure,📉 you can consider shorting and look towards 3290-3270.🎯
If the short-term gold rebound momentum is strong and breaks through the 3305-3320 resistance area, it will be necessary to stop loss in time. Gold may be expected to touch yesterday's high resistance of 3330-3335, which is the second point to consider shorting during the day.💡
🚀 SELL 3305-3320
🚀 TP 3290-3270
After two consecutive trading days of volatility, gold finally began to fall under pressure near 3335. After breaking through the 3300 mark, the price of gold accelerated its decline, reaching a low of around 3268, and yesterday's daily line closed with a large negative line. 📊
Today's rebound is more likely to be based on the buffering performance of the impact of news. The ATR data also shows that the bullish momentum is slowly weakening in the short term. 🐻After digesting the impact of yesterday's news through rebound during the day, it may fall again in the future.📉
📎The primary focus today is 3305 above, which was also the high point of yesterday's pullback correction. If the gold price rebounds to 3305-3320 and encounters resistance and pressure,📉 you can consider shorting and look towards 3290-3270.🎯
If the short-term gold rebound momentum is strong and breaks through the 3305-3320 resistance area, it will be necessary to stop loss in time. Gold may be expected to touch yesterday's high resistance of 3330-3335, which is the second point to consider shorting during the day.💡
🚀 SELL 3305-3320
🚀 TP 3290-3270
Trade active
The trading strategy accurately grasps the entry area and TP, and the current profit has been exited. If you want to continue to participate in the trading in the evening, you can refer to the 3290-3285 area below, which is also the support level of the morning rise. If gold retreats to this area and stabilizes in the evening, it may usher in a small rebound. You can consider going long and defend at a distance of about $7. Don't go long easily if it falls belowTrade closed: target reached
The long trading strategy has once again achieved perfect profitability. Traders who have followed this strategy can consider exiting the market with profits. Now, let us wait for the release of NFP data.
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Free consultation with tutors:t.me/Insight_PreciseAnalysis
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CFA® Charterholder | Senior Market Trading Analyst | Helping millions of users double their account funds
Free Telegram group:t.me/Insight_Precise_Analysis
Free consultation with tutors:t.me/Insight_PreciseAnalysis
Free Telegram group:t.me/Insight_Precise_Analysis
Free consultation with tutors:t.me/Insight_PreciseAnalysis
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.