XAUUSD: June 5th - June 9th Trading Signals

In the past week, a lot of things happened in the market and a lot of data was released, but because of data hedging, gold did not fluctuate greatly, with a minimum of 1933 and a maximum of 1983. Nevertheless, we also made good profits. I love it so much!

Now, follow me as we make beautiful plans for our deals this week!

This week, there are not many important data, mainly the initial jobless claims on Thursday.

Because of last week's data, the market volatility should be very large on Thursday, which is the focus of our trading! Based on the analysis of the data last week, it is expected that this time it is more likely to be beneficial to gold bears, because the announced NFP value in May has increased significantly compared with April, and although the unemployment rate has also increased, the magnitude is not large , at the same time, consumer confidence is also improving, which shows that the situation has gradually improved.

In terms of technical form, the 1D chart has not yet formed a bottom pattern, but there is support near 1933, which is the support level of the upward trend, and it is a very important position. If it breaks the support, then the probability of it falling below 1900 is as high as 80% Above, if the data is as we expected, gold is likely to fall to around 1864.

In the 4h chart, there is a chance to form a W bottom (double bottom). Last week, it was supported at 1933 and rose to 1983. It did not break through the resistance of 1985. If a double bottom is formed this week, 1985 will be broken. Therefore, on Thursday In the previous trading, I will focus on long trades, and on Thursday's data, I will be short.

I will update the daily transaction below the view, after clicking follow, you will receive information every time I update.

Trading Signals:

buy:1938-1926

tp:1977-2003

sl:1923


sell: 2003-1985

tp:1933-1879

sl:2009

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I'm long, tp1964

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closure

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5 minutes formed a double top pattern, I closed the order, going to an appointment, guys, if you guys are trading, go short now, tp1953

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Guys, let's start trading today

sell tp 1946

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Hi guys, my short position continues to hold, at the same time, I now open a long order, because I found that in the 1h chart, the dead cross of MACD is not very smooth, it may have to rise first, then fall

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I closed longs and added shorts

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There are signs of a golden cross on the 30m chart, and the dead fork on the 1h chart has not been fully formed. We are holding a short position now and wait for it to fall back and close it. Go long in the US market

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buy

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It is going up, from the 30m chart, if the MACD second charge is successful, it will break through 1970, our longs can make a lot of money

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Closed my short order, added to long trade

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I'm going to dinner, can't update trades like this, guys, if your longs make money, remember to close in time

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I'm back guys our gold bulls are making money for us

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Guys, the market is less volatile, it takes more time to go up, I drank and need a break now, so I close my order

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The MACD on the 45m chart is about to form a golden cross. If you are still trading, you can set tp at 1968-1974, sl 1959

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Good night guys, we'll continue tomorrow!

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Guys, let's start trading today

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buy

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Guys, our long trade made money, now, you can choose to close it, or set TP 1963, SL 1959

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tp

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we can go on long it

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I was just creating information and missed the opportunity to close longs, now, it's pulled back, I didn't make any money, closed it, because 1h chart MACD is not good for longs, we can start short trades now

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The US market time is about to start, and its volatility will increase

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I'm back, now let's go long and then short as the 1h chart is still in favor of the bears

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bulls are making money

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ended a long trade

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After we closed our longs, the market started to fall and our shorts made money

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close a short trade

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Good day, we made money from gold trading again, tomorrow we continue! Let's celebrate together guys!

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Guys, today's trading is over, I want to tell you that gold is a very friendly friend, it always brings us profit, if it makes you feel sad, it must be that you used it in the wrong way and didn't understand it !

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Good day guys! transaction has started

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The data will be released soon, there is not much volatility now, we need to be patient

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Get ready for the baptism of data

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Today's data is good for gold bulls. It rose, but the range was not as large as we expected. In the end, it encountered resistance around 1969 and fell back. Now it is around 1963. From the analysis of the 30m chart, the short position is relatively large, so if you are still trading , you can go short, hold it for a while, the probability of making money is high

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The support is 1960, the resistance is 1966, the fluctuation is not big now, and there should be a direction in the US market. Looking at it now, it is still more likely to be short

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Our short orders made us a lot of money

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We continue next week!