As the United States released strong retail sales data for December, the strong economic data in the United States pushed up U.S. Treasury bond yields, causing the dollar to rise sharply. Gold was suppressed and fell, reaching a new low since December 14. It is expected to face greater pressure in the future. . However, under the influence of the current geopolitical situation, gold's risk aversion is still the mainstream of the market. What the market needs to pay attention to on Thursday is: the number of initial jobless claims in the United States in the week to January 13, the annualized total number of new housing starts in the United States in December, The total number of building permits in the United States in December and the Philadelphia Fed manufacturing index in January.
Gold is still in a downward trend, but if it falls below 2005 again, it will become oversold in the short term, so we have to look at gold in two ways.
Xauusd:buy2000-2005
TP:2010-2015
SL:1997
Xauusd:sell2017-2022
TP:2012-2008
Xauusd:sell2028-2032
TP:2022-2015
SL:2035
There are the above three strategies for your reference. Choose the strategy that suits you according to your own funds and trading style.
You also need to pay attention to the data released during the U.S. trading time, which will affect the trend of gold. Friends with small funds can wait for the data to be released before trading or reduce their positions before the data is released.
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Comment:
rise again
Comment:
Are you keeping up with the strategy?
Trade closed: target reached:
2012 has arrived
Trade closed: target reached:
2008 arrived