XAUUSD| Trading strategy for next Monday

2 Mar

✅Gold closed with a long negative candlestick on the weekly chart, falling from the high of 2956 under pressure, with a weekly decline of more than $120, and the lowest price reached around 2832, forming a typical bearish engulfing pattern. It rebounded to around 2860 in the late trading, but did not break through the upper track of the descending channel. The MACD bar chart showed a top divergence for the first time, but EMA21 (2805) still tilted upward, and did not form a typical top structure. On the daily level, the RSI (14) rebounded after touching the oversold threshold of 30, and the price fell below the lower Bollinger track and returned to the channel.

✅Long-Short Divide
🔴Upper resistance level:
-First: 2877
-Second: 2892
-Third: 2910

🟢Lower support level:
-First: 2832
-Second: 2805
-Third: 2788

✅The current gold adjustment is a normal retracement in the bull market. There is a need for technical repair in the short term, but the mid-term adjustment has not been completed. It is recommended to adopt the main strategy of "rebound-short" to cooperate with event-driven trading, focusing on the direction selection of the breakthrough of the wide shock range of 2780-2930, I will give the specific trading strategy before the market opens, so please stay tuned.

2 Mar

Trade aktif

✅Intraday Trading strategy:
🔶GOLD SELL: 2877-2880
🔰TP1: 2860
🔰TP2: 2850
🔰TP3: 2635 OPEN~

🔶GOLD BUY: 2835-2840
🔰TP1: 2860
🔰TP2: 270
🔰TP3: 2880 OPEN~

Trading strategies are time-sensitive. During the trading process, I will adjust more accurate trading signals for you based on real-time market trends.