Gold Spot / U.S. DollarUpdated XAUUSD|Trading strategy for Monday
🔴Plan 1: Breakout trading strategy (trend continuation)
🔶Long trigger conditions:
--Stand above 2950 in the Asian and European sessions, and break through 2955 on the hourly chart.
--Fall back to 2945 without breaking, follow up with long orders with a light position, stop loss 2940, target 2965-2975.
🔷Short trigger conditions:
--A sharp drop below 2915 in the early trading, rebound to 2920 and short, stop loss 2925, target 2908-2883.
🟢Plan 2: Range oscillation strategy (2920-2955 high short orders and low long orders)
--2925-2920 area: enter long orders after stabilization, stop loss 2915, target 2940-2950.
--2948-2953 area: short orders after pressure, stop loss 2957, target 2930-2920.
📛Risk management
--Position control: single transaction does not exceed 5% of total funds, and positions can be increased moderately in case of breakthrough.
--Stop loss discipline: strictly set stop loss to avoid carrying orders; move stop loss after breakthrough to protect profits.
--Time window: if there is no breakthrough before the US market, reduce positions to avoid data/news disturbance risks.
🔰Variables to pay attention to
--Silver linkage: if silver accelerates its decline, be alert to the risk of gold's rebound.
--Dollar index trend: the rebound of the US dollar index may suppress the momentum of gold's breakthrough.
--The impact of the closing of the monthly line: institutional position adjustment may cause short-term violent fluctuations.
✅Strategy summary: 2955 is the dividing line between long and short positions on Monday, wait and see the breakthrough direction in the Asian session, and follow the trend after the European session is confirmed. If the volatility is maintained, sell high and buy low, and strictly control the risk. If the breakthrough fails or the support is broken, you need to leave the market in time and wait for new signals. The above strategies need to be adjusted in combination with real-time market conditions. It is recommended to use limit orders and set TP and SL.
🔶Long trigger conditions:
--Stand above 2950 in the Asian and European sessions, and break through 2955 on the hourly chart.
--Fall back to 2945 without breaking, follow up with long orders with a light position, stop loss 2940, target 2965-2975.
🔷Short trigger conditions:
--A sharp drop below 2915 in the early trading, rebound to 2920 and short, stop loss 2925, target 2908-2883.
🟢Plan 2: Range oscillation strategy (2920-2955 high short orders and low long orders)
--2925-2920 area: enter long orders after stabilization, stop loss 2915, target 2940-2950.
--2948-2953 area: short orders after pressure, stop loss 2957, target 2930-2920.
📛Risk management
--Position control: single transaction does not exceed 5% of total funds, and positions can be increased moderately in case of breakthrough.
--Stop loss discipline: strictly set stop loss to avoid carrying orders; move stop loss after breakthrough to protect profits.
--Time window: if there is no breakthrough before the US market, reduce positions to avoid data/news disturbance risks.
🔰Variables to pay attention to
--Silver linkage: if silver accelerates its decline, be alert to the risk of gold's rebound.
--Dollar index trend: the rebound of the US dollar index may suppress the momentum of gold's breakthrough.
--The impact of the closing of the monthly line: institutional position adjustment may cause short-term violent fluctuations.
✅Strategy summary: 2955 is the dividing line between long and short positions on Monday, wait and see the breakthrough direction in the Asian session, and follow the trend after the European session is confirmed. If the volatility is maintained, sell high and buy low, and strictly control the risk. If the breakthrough fails or the support is broken, you need to leave the market in time and wait for new signals. The above strategies need to be adjusted in combination with real-time market conditions. It is recommended to use limit orders and set TP and SL.
Trade active
✅Intraday Trading strategy:
🔶GOLD SELL: 2950-2953
🔰TP1: 2940
🔰TP2: 2930
🔰TP3: 2922 OPEN~
🔶GOLD BUY: 2918-2921
🔰TP1: 2930
🔰TP2: 2940
🔰TP3: 2952 OPEN~
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.