XAUUSD: 18/10 Today’s Trading Strategy
From a general perspective, gold is undoubtedly still in an upward trend. Under the influence of the Palestinian-Israeli conflict, the market has also formed a strong V-shaped reversal, and the magnitude of the reversal has broken through the upper track of the downward channel. On the surface, this is A very strong upward structure, but since last Friday’s unilateral increase of more than 50 US dollars has consumed most of the demand, the shock and upward trend will continue in the short term. It is worth noting that the increase is close to the daily high line, and it is also in the previous band. The high point is parallel to the pressure point, so the focus of pulling up again is to pay attention to the strong pressure in the 1948-1950 range above in the early stage. Only after a breakthrough will a complete strong pull be formed, otherwise the price will fall back again to test the effectiveness of the support below. !
The current Asian market has begun to rise strongly, so it is no longer appropriate to chase higher in the short term. The 4-hour level of 1930 has become the first low point in the short term, and is currently oscillating upward to form a second low point. If the short term goes back again, it will be verified that the lower 1930 After the nearby support is effective, you can consider going long again and do the third stage of the rise, which is the triple top structure of the small-level shock trend. If the third stage of the rise happens to be blocked at 1948-1950, you may experience shocks. , then it will no longer be suitable for any chasing long transactions, and will even gradually go short. At that time, we will make a detailed analysis of the specific situation. Short-term trading will temporarily remain low and long above 1930, and the price will continue to rise. The upper focus will be on 1948- 1950 important pressure
SELL:1945~1948
SL: 1952
TP1:1940
TP2:1934
BUY:1930~1933
SL:1926
TP1:1938
TP2:1944
The current Asian market has begun to rise strongly, so it is no longer appropriate to chase higher in the short term. The 4-hour level of 1930 has become the first low point in the short term, and is currently oscillating upward to form a second low point. If the short term goes back again, it will be verified that the lower 1930 After the nearby support is effective, you can consider going long again and do the third stage of the rise, which is the triple top structure of the small-level shock trend. If the third stage of the rise happens to be blocked at 1948-1950, you may experience shocks. , then it will no longer be suitable for any chasing long transactions, and will even gradually go short. At that time, we will make a detailed analysis of the specific situation. Short-term trading will temporarily remain low and long above 1930, and the price will continue to rise. The upper focus will be on 1948- 1950 important pressure
SELL:1945~1948
SL: 1952
TP1:1940
TP2:1934
BUY:1930~1933
SL:1926
TP1:1938
TP2:1944
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Trade active:
SELL is running
Trade active
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