XAUUSD: 25/7 Gold Trading Strategy

25 Tem 2023

Gold analysis: The gold strategy rose to the 1967 first-line position on Monday, giving short-selling opportunities, but leaving the market too early is not profitable. The layout of the gold long order fell to the entry position of 1953, but it came too late, and then pulled up to the 1963 line. It is a pity to miss this wave of stop profit and long orders. . Today's gold intraday trend is relatively stable and in line with expectations. After the bottom 1953 was pulled up, it oscillated back and forth around 1960, but the bottom support did not appear, and it is expected to continue to attack the bottom 1950 position within days. The bullish trend is temporarily suppressed, so in the past two days, the operation should be properly changed. The most important thing is the recent abnormal fluctuation of the U.S. dollar index, which has added some unstable factors to the trend of gold, so it has formed the current situation where it is difficult for long and short to do so.

Back to the topic, because of the instability brought by the US dollar index to gold, short-term bulls are weak, and the bottom position has not been established, we can't go blindly bullish. The operation is still based on selling high and buying low. Today's trading strategy:

SELL: 1965~1968
TP1: 1958
TP2: 1953
BUY: 1950~1947
TP1: 1957
TP2: 1962
Update the real offer signal later