Oro / DollaroAggiornato XAUUSD: Trading Strategy For Monday!
🔥Gold rose strongly during the US trading session on Friday. The market is concerned about whether gold has reversed? And whether to go long next week? From the current technical trend, the following is a specific analysis:
✅Gold is currently in the third month of adjustment, with less than 7 trading days left this month, and accompanied by the Christmas holiday. From the perspective of the adjustment rhythm of the technical trend, gold can only confirm the end of the medium- and long-term adjustment if it falls below the low of 2536. However, from the current decline strength and short-term operation rhythm, it is difficult to fall below 2536.
✅The 4-hour moving average of gold is still in a short position arrangement state with a dead cross downward, and does not have the conditions for a unilateral reversal. The gold short position stopped at the 2583 line this time, and rebounded to around 2632 on Friday night. This position is the key point for the top and bottom conversion before the interest rate decision. The trend next week will revolve around 2632:
🔰If it breaks through 2632, it will mean the end of the short-term decline, and continue to rebound to test the 2650-2660 area, and form a high-level sideways consolidation at the weekly level. The longer the sideways time, the smaller the probability of a subsequent decline.
🔰If the suppression of 2632 is effective, the bearish trend since the decline of 2726 will continue, and the 2580-2630 area will be maintained to bottom out, and it may fall below 2536 again to complete the medium- and long-term adjustment.
✅If the weekend news stimulates the stabilization and rise on Monday, and the moving average turns upward, you can consider buying on dips. If the shock continues, you can sell high and buy low in the 2635-2590 range.
✅The adjustment rhythm of gold in this round is similar to that around US$2,300, which may form a shock bottoming process and then start a new round of upward trend. The bull market structure will not change. From a fundamental point of view, it is still expected to set a new high next year. The key is to pay close attention to the adjustment rhythm and changes in support levels to determine the medium- and long-term buying opportunities. Later, I will update the strategy in real time according to the specific market performance and news changes.
🤝Share your opinion in the comments and support the idea with a like. Thanks for your support!👏
✅Gold is currently in the third month of adjustment, with less than 7 trading days left this month, and accompanied by the Christmas holiday. From the perspective of the adjustment rhythm of the technical trend, gold can only confirm the end of the medium- and long-term adjustment if it falls below the low of 2536. However, from the current decline strength and short-term operation rhythm, it is difficult to fall below 2536.
✅The 4-hour moving average of gold is still in a short position arrangement state with a dead cross downward, and does not have the conditions for a unilateral reversal. The gold short position stopped at the 2583 line this time, and rebounded to around 2632 on Friday night. This position is the key point for the top and bottom conversion before the interest rate decision. The trend next week will revolve around 2632:
🔰If it breaks through 2632, it will mean the end of the short-term decline, and continue to rebound to test the 2650-2660 area, and form a high-level sideways consolidation at the weekly level. The longer the sideways time, the smaller the probability of a subsequent decline.
🔰If the suppression of 2632 is effective, the bearish trend since the decline of 2726 will continue, and the 2580-2630 area will be maintained to bottom out, and it may fall below 2536 again to complete the medium- and long-term adjustment.
✅If the weekend news stimulates the stabilization and rise on Monday, and the moving average turns upward, you can consider buying on dips. If the shock continues, you can sell high and buy low in the 2635-2590 range.
✅The adjustment rhythm of gold in this round is similar to that around US$2,300, which may form a shock bottoming process and then start a new round of upward trend. The bull market structure will not change. From a fundamental point of view, it is still expected to set a new high next year. The key is to pay close attention to the adjustment rhythm and changes in support levels to determine the medium- and long-term buying opportunities. Later, I will update the strategy in real time according to the specific market performance and news changes.
🤝Share your opinion in the comments and support the idea with a like. Thanks for your support!👏
Trade attivo
💯In the ever-changing gold trading market, many traders often feel overwhelmed and unsure of what to do next after the price breaks through key resistance and support levels. I am here to provide you with real-time guidance services to help you grasp every important market trend, whether it is to deal with trend breakthroughs or adjust trading strategies. I will accompany you at every critical moment, provide professional advice and support, and make your trading more secure🤝Trade chiuso: obiettivo raggiunto
✅In the morning trading today, the price of gold continued the upward trend of last Friday, breaking through the previous high of 2630-2632 US dollars. From a structural analysis, the current trend shows that the adjustment market may come to an end temporarily, and the market has entered a new top-bottom conversion pattern.
✅At present, the market trend is still biased towards bulls, and the short-term trend maintains a strong structure. Usually, the Asian session rises, the European session continues, and the pullback before the US session may be a trap for short selling. Therefore, we can pay attention to the long position layout near 2625, and pay close attention to the performance of the support of 2617 US dollars.
✅The short-term trading strategy is mainly to go long after the pullback:
🔰Entry position: 2625-2628 area
🔰Defense position: below 2617
🔰Target position: 2645-2650 area
✅If the price falls below 2617 , we will adjust our thinking and trading strategy in real time
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.