XAUUSD As Iran and Israel announce a formal ceasefire, we're shifting direction to go short. The 3315 support level is still holding—let's monitor the strength of the 3300 support Idea: Gold is about to break throug…
XAUUSD Gold has been affected by the easing of geopolitical situation and has continued to weaken in the short term, but the strong support on the weekly chart is around 3316, so we cannot blindly chase the short position before it breaks. In the 4H cycle, the big negative line fell through the middle track and fell to the lower track. The Bollinger opening showed that the pressure was at 3355, 3342, and 3333. In terms of operation, we should short based on the pressure. If it falls below 3316, we will look to around 3300-3293.
Operation suggestion: Short gold near 3355-54, stop loss 3364, look at 3335 and 3325! If it is weak, short it first based on the pressure of 3342-40. . .
Trading is risky, please control it reasonably. Charlie will share more trading experience. Stay tuned.