XAUUSD: Head And Shoulders, Continue To Sell
Diupdate
Yesterday, after experiencing a rebound, gold faced resistance again and pulled back, which is largely in line with our expectations, allowing everyone to achieve good profits. Currently, the short-term trend remains downward. As I mentioned yesterday, we are primarily watching the key support zone between 2718 and 2712.
Today, gold touched this support area again and rebounded, but it did not break through the resistance of the downward trend. Therefore, our trading strategy continues to focus on selling.
At the same time, we should closely monitor the performance of the support zone. If this support is effectively breached, I believe the subsequent decline could be significant, and breaking below 2700 is likely, with an expectation to reach below 2690.
This encapsulates my main trading thoughts for the near future.
Today, gold touched this support area again and rebounded, but it did not break through the resistance of the downward trend. Therefore, our trading strategy continues to focus on selling.
At the same time, we should closely monitor the performance of the support zone. If this support is effectively breached, I believe the subsequent decline could be significant, and breaking below 2700 is likely, with an expectation to reach below 2690.
This encapsulates my main trading thoughts for the near future.
Trade aktif
After touching the resistance, it starts to fall, and sell to make a profit againTrade aktif
The price did not fall below the support, but broke through the resistance and returned to above 2740 again, which is in the previous resistance area. You can sell when it approaches 2750. If your account funds are sufficient, you can start with 1/10 of the position now.
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