XAUUSD: 1/8 Gold Trading Strategy

In the past few days, focus on whether it can break through last week's low of 1942-1940 again. Only by breaking down can it fall back further. On the contrary, if it stands firm and continues to recover the lost ground, it will be a market with wide fluctuations and gaining momentum. The upper resistance is at 1980. In the short-term, there is a high probability that there will be a wide range of shocks at the beginning of the week. It is expected to last until Thursday. It is currently in a wide range between 1983-1942, and today's opening position is around 1965. There is a certain distance from the upward resistance level. The probability of breaking the position is slightly small, and the market continues to see the see-saw of shocks in the range.

SELL:1973-1978
TP1:1968
TP2:1960

BUY:1955-1960
TP1:1965
TP2:1970