Jun-GoldAnalyst的OANDA:XAUUSD的Today we will first look at the operation of the 2608~2633 range

Today we will first look at the operation of the 2608~2633 range

Gold continues to fluctuate and converges in a triangle range. The main reason is due to the early market impact of Christmas Eve. From the picture above, the price breaks through the downward trend line and forms a horizontal consolidation in the short term. The price has not completely escaped from the shock zone and is expected to repeat again. Pay attention to 2608/2633 during the day! Pay attention to 2608/2633 during the day!

Gold rebounded first in the Asian session, but there is still suppression above 2632. Gold is still in a volatile market. The unilateral trend has not come yet, so the rebound of gold in the Asian session will continue to be short; gold is directly short near 2631 in the Asian session!

Gold is still in a shock range in 1 hour. If gold is under pressure at 2632, it may still fall under pressure. Don’t chase the rise easily when gold rushes up quickly in the Asian session. It may fall under pressure at any time; only after gold breaks through and stabilizes at 2632, gold may reverse, and then consider falling back to long.

First support: 2610, second support: 2600, third support: 2588

First resistance: 2632, second resistance: 2646, third resistance: 2658

Trading strategy:

Sell high and buy low according to resistance

手動結束交易

Sell at resistance and take profit. Maximum profit 90pips