XAUUSD: 26/7 Gold Trading Strategy

​​​​Gold analysis: The strategy of 1965 short selling on Tuesday found an entry position at a nearby point, successfully made a profit, and the lowest fell to the 1952 line. Fans and friends who watched the strategy also entered the market around 1953-54. Earn a little profit. Judging from the trend of gold on Jinri, it fell first and then rose, and my old prediction is that the strength of the rise is not strong, and it has not broken through the 1970 position for a long time. After the U.S. market, gold has basically stabilized and oscillated repeatedly. The short-term resistance still focuses on the 1967 position. Only by breaking through and standing above 1970 can the bullish situation be reopened, otherwise it will still be dominated by shocks. Today is also the focus on the Fed's interest rate decision in the early morning, and the Asian-European market is expected to tend to fluctuate and slowly rise. Today is expected to be a trend of rising first and then falling. Just follow the old style at will, and sell high and buy low in the short term.

Back to the topic, under the current trend of gold, it has not yet broken through the range-bound shock trend, so in terms of operation, no matter whether we are long or short, we can treat the market trend as a range shock, sell high and buy low.
Today's trading strategy:
SELL: 1970~1973
TP1:1965
TP2:1960
BUY: 1955~1952
TP1: 1960
TP2: 1965

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1973 entered the market and fell rapidly

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Very good, SELL1973 has made a profit of 5 dollars, and continues to fall!

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The shared signal has been profitable for 8 consecutive days, and won TP again today

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Gold fluctuated little in the Federal Reserve's interest rate decision yesterday, and the follow-up trend has become clear. Today, continue to pay attention to my trading strategy update

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1942~1946 go long gold, it will be repaired, target 1960~1955

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over, see you tomorrow

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Today's first resistance level: 1954~1956 short, target 1947

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1951 has ended the order, profit 30pips

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Have a nice weekend, see you guys next week