January 7 gold trading analysis strategy

Updated

Gold fluctuated sideways in Asia and Europe today. In the European market, we placed a short order at 2646 and took profit at 2642. Some traders may question whether the profit is too small, but I want to say that there are more non-agricultural weekly data this week, so try to stabilize your profits. , don't be greedy for too much, otherwise it is easy to lose a lot of money. The U.S. market is focusing on the strong resistance of 2664-2666 above. Gold shorts still have some room to fall. Gold rebounds and can look for opportunities to continue shorting.
From the 4-hour analysis, pay attention to the support of 2618-2620 below and the high resistance of 2664-2666 above. Continue to short at high levels and buy at low levels. The main tone remains unchanged. Follow orders cautiously in the middle line and wait patiently for key points to enter the market.

Gold operation strategy:

1. If gold returns to the 2618-2620 line, buy long, stop the loss at 2613, and target the 2655-2658 line;

2. Go short on the rebound 2664-2666 line, stop loss 2673, target 2635-40 line, break the position and look at 2615-2620 line;
Trade active
snapshot
Gold US market market analysis:
Spot gold is trading sideways at a high level, and is currently quoted at 2654/ounce. The support and pressure levels are sell high and buy low, with the pressure level 2665 and the support level 2610.

At this stage, gold in the U.S. market surged higher and fell back. After testing the 2664 area, it quickly fell back and fell below the 2650 area. The U.S. market is still mainly short selling at high levels. In terms of operation, short selling is near the current price of 2655 in the U.S. gold market, and the price is below 2638 area. If it breaks, look at the 2628 area. It depends on the real-time situation!

Gold US market strategy:
Directly sell gold near the current price of 2655, targeting 2632, 2622, and 2610; if it reaches three points near 2653, 2656, and 2662, you can sell short in batches; if it reaches three points of 2632, 2622, and 2610 for the first time, you can buy long; more The real-time layout is subject to the actual offer;
Trade closed: target reached
snapshot
At present, the upper key is suppressed at the 2665 line, and the lower support is at the 2637-40 line. The 25$ space fully meets our short-term operation needs, but I personally prefer to go short, because the double top selling pressure is strong on the disk, and the top More obvious.

From the 4-hour analysis, we focus on the 2637-2640 first-line support below, and focus on the suppression of the 2665 first-line high last Friday on the top. We will continue to maintain short selling at high levels, buy long at low levels to participate in the cycle, and the main tone remains unchanged. Be careful to pursue orders in the middle position. Wait patiently for key points to enter the market. We should be cautious in chasing orders in the middle and wait patiently for key points to enter the market.

Gold operation strategy:

1. Short sell at the rebound of 2660-2665, stop loss at 2673, target at 2635-40, and look at 2615-2620 if it breaks;

2. Buy long at 2637-2640 when gold falls back, stop loss at 2629, target at 2655-2660;
Chart PatternsGoldTrend AnalysisWave AnalysisXAUUSD

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