Gold Still in an Uptrend, Today’s Trading Strategy

Although gold experienced a sharp decline on Friday, the overall price is still running above 2300, so the trend is still upward; secondly, there was no new low after this plunge, which also shows that this is just an emotional reaction.

Gold is currently in a slight consolidation. We temporarily regard the rise and fall of US stocks on Friday as a breakthrough at a key node. The most important thing now is to break through 2365 so that I can directly see room for a big move higher. This point is even more critical. .

As shown in the figure, if you want to trade, the most suitable and stable thing at present is to ensure that you go long after breaking through 2365, and the target can be around 2400 first. Near 2355, this is not a suitable trading position.
Secondly, the trading position is around 2336-43. If there is a pullback here, you can adopt a long low trading strategy. The target is 2360-65, and the defense is arranged around 2327;

This is a long trading strategy. On the contrary, if you look downward, mainly look at the vicinity of 2313-2318. If it gets here and breaks out to the downside, we'll be looking at around 2272-2275.

The above is the analysis of the long and short trend of gold. How to trade later depends on the trend of gold.
Although there was a loss in the US market on Friday, it was not a big problem for the overall yield we obtained. After all, the probability of maintaining 100% accuracy is very small. Follow me, trading is that easy!
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Rising as expected

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