XAUUSD : XAUUSD trading strategy today

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Currently, gold is still fully above the H4 framework price increase channel. Unless gold breaks out of the upward price channel, the trend for gold will still be up. Conversely, if gold breaks out of an upward price channel, the trend will be bearish. On the daily chart, the histogram is still rising and no such deviation is seen on the daily chart. Even though the stochastic has been in overbought territory for a long time and the RSI is in overbought territory, gold is still likely to move higher. There are signs that gold is not going down. On the H4 chart, the histogram starts to get shorter. Stochastic has moved out of overbought territory. Gold is very likely to have a correction rhythm in the coming days and then accumulate and move higher. There is some news today, but it doesn't have much of an impact on gold, gold could fall to the 1991-1986 range, buy in that range and limit your losses from 1985-1984. can. Currently, gold is moving sideways around his 2004 to his 1989 . We can still surf.

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.