Allen_Ex

XAUUSD:Gold Trading Strategies for Tuesday

Short
Allen_Ex Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

Gold is currently under pressure at the 2340-2344 first-line resistance. If it falls back, it will continue to observe the support near 2325-2318. If it can break through, there may be an opportunity to try the 2352-2362 high again. If it falls below the support, the 2313-2305 range will be considered.

In terms of trading direction, I still prefer the idea of ​​high short orders.
Because the gold market has been volatile recently, the trading range I gave is relatively large. Everyone should pay more attention to the orders they hold during the transaction. Once the market changes, deal with it in a timely manner and don't be too greedy.
Trade active:
nice day everyone
Trade active:
After it broke through the resistance, it came above 2360 and backtested the support around 2351-2355. If it does not fall below, go long.

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