XAUUSD: 2500 points will be tested again, what should we do?

27 AğuCan gold continue to rise and set a new high?

Yesterday, the price of gold fell first and then rose, continuing the upward trend of last Friday, and has been fluctuating at a high level, reaching a high of 2526 points. Our 2510-2515 buying range is just at the lowest point of the callback, and the profit margin at the highest point is more than ten US dollars, and I also made a small profit from it. I believe that friends who follow the trading strategy have gained something.

Today, the price of gold has shown a callback trend again. From the 1H chart, the support below is in the range of 2500-2505. If nothing unexpected happens, I will buy again in this range.
First of all, 2500 is an integer mark, and I believe everyone has seen the support strength in the previous trend.
In the trend from 2470 to yesterday's high of 2526, 2505 is exactly at the 0.618 support position of the Fibonacci retracement.
At the same time, there is support from the Bollinger Band lower rail and the upward trend line, and it is unlikely to fall below it.

Although the possibility of a breakthrough here is not great, this is only an analysis based on the technical aspects. External factors are still an uncertain factor, so we have to be prepared for both situations.

Trading strategy: Now it is at a lower position, you can open a position and buy first. If the price continues to fall back, you can choose to increase your position above 2500. If the gold price effectively breaks through 2500, then we must once again prevent the occurrence of a sharp correction like last Thursday.

If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.

27 Ağu

İşlem aktif

Gold price is about to enter the buying area of ​​2500-2505

27 Ağu

İşlem aktif

Very good, the gold price rebounded after falling back to the buying range of 2500-2505, and now it has reached 2517. You can take profits here or continue to hold

27 Ağu

İşlem elle kapatılmış

I have already closed the position with profit. There is a certain resistance near 2520. I do not recommend to continue holding. When the price falls back to the buying range, you can consider opening a position and buying again.

It took 21 days from 30K funds to the current 82K. There are still 9 days left to the monthly target of 100K. According to the current success rate of more than 90%, I believe that this difficulty is not great. I feel that it can be completed ahead of time.

My daily trading strategy is updated in real time in the channel. I believe everyone has seen my trading track. If any friends want to follow my order trading, please contact me

27 Ağu

İşlem aktif

As you can see, the gold price did pull back as expected after touching 2520. We should not enter the market for now and wait a little longer.

27 Ağu

İşlem aktif

Today's trend is perfect, basically running along the dotted line I drew. In my opinion, there is still a high possibility that the historical high of 2531 will be refreshed today, but I will not chase the rise. It is better to make a new trading plan tomorrow.

27 Ağu

İşlem aktif

If the callback does not break 2500 tomorrow, you can continue to be bullish