Gold Spot / U.S. DollarUpdated XAUUSD| Trading strategy for next Monday
✅Gold closed the positive line this week, continuing to show strong momentum for growth. Judging from the current trend, gold may continue its upward trend next week, but before the interest rate decision is announced, the market may continue to undergo a short period of shock repair and digestion.
📊Weekly level analysis:
Support level: around 2730, which is an important support level at the weekly level. If it falls below this level, it is necessary to pay attention to the stronger support level around 2702.
Resistance level: around this week's high or previous high of 2790. If it breaks through this level, it may rise further.
📊Daily level analysis:
Support level: around 2756. If the gold price does not fall below this support, it can be considered to buy on dips. What needs to be tested is the top and bottom conversion area of 2752-2750 below, which is also the starting point of the upward rise.
Resistance level: The upper pressure area is maintained near 2786-2790. In the short term, it is very likely to oscillate around this range, waiting for a breakthrough in the later period!
📊Hourly level analysis:
Support level: Near 2770, which is the dividing line between long and short. If the price falls below this level, it may enter the oscillation range in the short term and test the support near 2752.
If gold continues to strengthen, 2770 may become support, and the further upward target will focus on the pressure area near 2785.
Resistance level: Near 2785. If the gold price is blocked and falls back at this position, it may form a head and shoulders top pattern, and the target will fall back to near 2752.
✅On the whole, the short-term trading strategy for gold next Monday recommends mainly shorting after the rebound, supplemented by longing after the correction.
🔴The upper short-term focus is on the 2788-2790 resistance range
🟢The lower short-term focus is on the 2748-2750 support range
📊Weekly level analysis:
Support level: around 2730, which is an important support level at the weekly level. If it falls below this level, it is necessary to pay attention to the stronger support level around 2702.
Resistance level: around this week's high or previous high of 2790. If it breaks through this level, it may rise further.
📊Daily level analysis:
Support level: around 2756. If the gold price does not fall below this support, it can be considered to buy on dips. What needs to be tested is the top and bottom conversion area of 2752-2750 below, which is also the starting point of the upward rise.
Resistance level: The upper pressure area is maintained near 2786-2790. In the short term, it is very likely to oscillate around this range, waiting for a breakthrough in the later period!
📊Hourly level analysis:
Support level: Near 2770, which is the dividing line between long and short. If the price falls below this level, it may enter the oscillation range in the short term and test the support near 2752.
If gold continues to strengthen, 2770 may become support, and the further upward target will focus on the pressure area near 2785.
Resistance level: Near 2785. If the gold price is blocked and falls back at this position, it may form a head and shoulders top pattern, and the target will fall back to near 2752.
✅On the whole, the short-term trading strategy for gold next Monday recommends mainly shorting after the rebound, supplemented by longing after the correction.
🔴The upper short-term focus is on the 2788-2790 resistance range
🟢The lower short-term focus is on the 2748-2750 support range
Trade active
✅Intraday Trading strategy:
🔶GOLD SELL: 2780-2783
🔰TP1: 2765
🔰TP2: 2755
🔰TP3: 2750 OPEN~
🔶GOLD BUY: 2748-2750
🔰TP1: 2770
🔰TP2: 2780
🔰TP3: 2790 OPEN~
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