HectorBrown1

XAUUSD: Today's analysis and strategy

Long
HectorBrown1 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
The Fed's interest rate hike has become widely expected by the market, and the debate in the spot gold market has become the question of when the Fed will start to cut interest rates. Gold investors will be paying close attention to talking points from Fed officials this week.
Gold Monday volume breakthrough, after last week's consolidation and momentum, the morning opening is a direct strong break, breaking through the 2008 high point, Europe and the United States to step back to confirm, the end of the stable, hold the breaking high 2008 above the daily line close, the daily line to promote the second wave rise open space, the short term will continue to maintain this strong formation, long after the break. Continuity is still very strong, and the short term may be accompanied by a collating slow rise, but the structure is still strong. The 4-hour chart relies on the middle rail to step out of the unilateral rise, after breaking the high, the top and bottom conversion.
Strategy reference: Decline to 2005-2008 bullish, TP 2018-2022.
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