XAUUSD(GOLD)-Focus 2512/2493

Aug 21After the opening of the US market today, it directly plunged, and continued to return to the support of the integer mark of 2500 below, and directly swallowed up all the gains in the previous period, and once again formed a situation of high rise and fall. From the 4-hour level, the current big Yinxian failed to break the 10-day moving average, the short-term moving average crosses downward, and the macd also crosses at a high level. There will be further retracement momentum tonight; pay attention to the short-term resistance near 2512, and the support is at the middle track 2493, which is also the low point of the US market today. If it fails, it will be further down.

The 1-hour line is obviously still bearish. The big Yinxian entity continues to explore the low level and continues to cover the amplitude of the Yangxian, and it also It is a strong downward trend, directly breaking through the trend line, and the moving average has a clear downward turn. It is now clearly in a peaking pattern. Today's Asian session just tested the 618 split resistance of 2520; there was a wave of consecutive negative declines in the European session, and the lower track of the channel was lost. Then the primary resistance tonight is the counter-pressure point, which is about 2510-2512. If it is under pressure here, there is still room for continued decline.

On the whole, today's short-term operation of gold is mainly based on rebound shorting, supplemented by callback longs. The short-term focus on the upper side is the 2510-2512 resistance range, and the short-term focus on the lower side is the 2480-2485 support range.

Aug 22

Trade active

Gold Trading Strategies Reference

🎯Strategy 1: Go Sell when gold rebounds to around 2515-2518, stop loss 6 points, target around 2500-2490, break the position and look at the 2485 line✅

🎯Strategy 2: Go Buy when gold pulls back to around 2485-2487 , stop loss 6 points, target around 2495-2505, and look at the 2510 line if the position is broken✅

⚠️The trend of the gold market is changing rapidly, and trading strategies may also be adjusted in real time. Investors are advised to place orders cautiously and manage account funds and positions reasonably.

Aug 22

Trade active

🔥Perfect! Done hit 🎯Strategy 1

Aug 22

Trade active

⚠️I mentioned in my early analysis that once gold falls below the support level of 2483-2484, the room for decline will expand. Investors are advised to pay attention to trading risks.