Short-term-trading

Gold trading strategy on May 29

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Through the analysis of the golden hour chart, we know that in the last trading day, it rose first and then fell as expected, forming a narrow range of shocks. At the same time, the upper part was also suppressed by the moving average and fell back. At present, it is about to reach the lower part. Relatively speaking, it has a certain supporting effect. At present, the MACD below is still running below the zero axis, indicating that it is still a weak consolidation market in the short term. In the short term, we focus on the suppression of the downward trend line and the suppression of the moving average. In the short term, we can operate In the above, we will continue the high-altitude low-many thinking, and the specific suggestions are as follows:

Gold: Go long in 1932 and 1913, stop loss at $7 each, take profit at $20 each;

Gold: 1956 and 1971 were short, with a stop loss of $7 and a stop profit of $15.
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Gold is 1941, friends who keep up with the operation are already making money
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The gold support is at the 1940 position. If you don’t break the position, you can do more to grab a rebound at the support level. If you directly fall below the position, look directly at the 1932-1930 position below. The main operation idea is to maintain high altitude and follow the trend
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The gold support is at the 1940 position. If you don’t break the position, you can do more to grab a rebound at the support level. If you directly fall below the position, look directly at the 1932-1930 position below. The main operation idea is to maintain high altitude and follow the trend
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