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Analysis of Trading Strategies for the XAUUSD 1 - Hour Chart

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Recently, in the 1 - hour chart of XAU/USD, the upward channel has been broken downward, indicating that the short - term upward trend has temporarily stalled.

Currently, the price is in the buyer zone, which has certain support. If obvious signs of price stabilization emerge, such as formation of a bullish K - line combination, one can attempt to place long positions, and set the stop - loss at the key support level below this zone.

If the price rebounds to the seller zone and is blocked, short positions can be considered, with the stop - loss set above the zone.

XAUUSD
buy@3020-3030
tp:3040-3045-3050

sell@3040-3050
tp:3030-3020

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交易進行
GOLD is currently fluctuating in a small range up and down. Traders, you can continue to refer to the current signals. Buy low and sell high.

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