#XAUUSD
Yesterday, gold experienced a V-shaped reversal: it was blocked at the 3382 line in the morning and then fluctuated and fell, then it fell to the support near 3349 and stabilized and rebounded, then rebounded to near 3390 in the evening and closed with a doji on the daily line. Judging from the overall trend, the bullish pattern has not changed.
Gold has limited room for decline in the short term, and a sharp drop is unlikely. Today's market tends to adjust and correct first before continuing to rise. The adjustment is only short-term, and is more to give everyone enough opportunities to get on board. The focus of the market below is 3375-3360, with the target looking at yesterday's high around 3390-3395. A break is expected to extend to the 3400-3420 area.
🚀 BUY 3375-3360
🚀 TP 3390-3395
Yesterday, gold experienced a V-shaped reversal: it was blocked at the 3382 line in the morning and then fluctuated and fell, then it fell to the support near 3349 and stabilized and rebounded, then rebounded to near 3390 in the evening and closed with a doji on the daily line. Judging from the overall trend, the bullish pattern has not changed.
Gold has limited room for decline in the short term, and a sharp drop is unlikely. Today's market tends to adjust and correct first before continuing to rise. The adjustment is only short-term, and is more to give everyone enough opportunities to get on board. The focus of the market below is 3375-3360, with the target looking at yesterday's high around 3390-3395. A break is expected to extend to the 3400-3420 area.
🚀 BUY 3375-3360
🚀 TP 3390-3395
交易進行
I have also participated in long order transactions in batches according to the trading strategy. This morning, we gave the trading idea that the overall trend of gold will tend to adjust and correct first and then rise. During the European trading session, the gold price experienced a phased retracement, falling to the support level of 3360 before rebounding slightly, which is consistent with our judgment of the overall market trend. When the market is hyping up the bearish trend and intends to destroy the confidence of bullish traders, we who execute short-term trading need to respond flexibly, strictly adhere to trading discipline, and be wary of market players using short-term liquidity to create stop-loss orders for bulls, and then usher in a trap of recovery during the NY period. The current gold price is still within our trading range, so there is no need to worry too much. In the US market, we should first focus on the breakthrough of 3385-3395 above. If it cannot effectively break through for a long time, there is still a certain risk of a pullback. You can choose the appropriate take-profit point to exit the market based on your account funds.
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