Short-termTaurus

Gold today's range forecast 1915~1937

Short
Short-termTaurus Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
​​​​Gold layout analysis: On Tuesday, more than 1930 gold orders were placed, and after rising to the 1935 line, the positions were reduced and left. In the overall stable profit appreciation position. After opening at 1925 this morning, it continued to rise slowly. Judging from the trend of gold in recent days, it basically maintains a low level and fluctuates within a few days, constantly breaking low. The high position keeps moving down. On Tuesday, it pulled back twice to the 1930 line, although it failed to continue to break down. However, it finally rebounded to the 1935 line and then fell back under pressure. The U.S. market broke through the 1930 line, approaching the 1920 line. Such a weak form of gold makes it more difficult to rise. Coupled with the extreme trend of the U.S. index, gold is also affected by it, resulting in insufficient motivation for bulls. According to this situation, it is not impossible to break the low of 1920 again. Since gold fell below the 30 line yesterday, there is no short-term support, so the operation can only be operated by selling high and buying low. It is more difficult to control the entry position, so please remember to be cautious during the operation.


Back to the topic, the current gold trend is dominated by bears, and the momentum of bulls is weak in the short term, but it cannot be ignored.

SELL1934-1937, SL1940, TP1922
If the European and American markets fall to around 1917,
BUY1917-1915, SL1910, TP1925
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