Explorer-k

XAUUSD:Current trading strategy

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Explorer-k Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

The market maintained its bearish trend as expected. As shown in the figure, the subsequent market shock range will gradually narrow, and the upward pressure will gradually decrease. The current pressure level is around 2162. As the pressure moves downward, there is room to fall below. It will also open slowly. Then the important support level below remains unchanged at 2140, followed by around 2123.

Therefore, the current trading range strategy: trade around the 2162-2140 range.

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