On the daily chart, the daily chart broke the 4-day winning streak and fell slightly on Friday. The decline at the end of the trading day caused a continuous decline. The price effectively crossed the short-term moving average and led the short-term moving average to turn downward at 2710 and 2707. Other periodic indicators also formed a short position arrangement. The Bollinger Bands as a whole shrank sharply. In addition, the MACD indicator once again crossed downward. Therefore, the 4-hour level should still be prepared for an intensified decline!

Trump took office today, and the market may become complicated. Beware of abnormal market fluctuations. From a technical perspective, Huang Jin ended the strong bullish pattern last week. After a weak closing, a break of 2700 was formed, and there was a further wide adjustment in prices. Trading ideas: short-term layout of selling high and buying low.

Gold fell directly after the opening of the Asian session. Gold bulls had no power to fight back. For key points, even if gold wants to go out of the downward wave, it is good for our short-term layout! In addition, today is the date when Trump takes office. The gold market will inevitably suffer from the rise of risk aversion caused by irresistible factors! That is, the market is still relatively bullish in many aspects!

The 1-hour moving average of gold has begun to turn downward, and the gold bull market has temporarily come to an end. If the moving average forms a dead cross downward, the downward space of gold will increase, and the 1-hour gold is now also suppressed by the downward trend; the downward resistance moves down to around 2708, and the Asian session rebounds around 2708 and continues to sell at highs. The rebound near 2705 can be empty first.

First support: 2681, second support: 2670, third support: 2662

First resistance: 2695, second resistance: 2708, third resistance: 2725

Operation ideas:

BUY: 2680-2683,

SELL: 2705-2708,
註釋
xauusd
BUY: 2725near
SL:2717
TP:2735
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註釋
add buy
xauusd
BUY: 2720near
SL:2714
TP:2732
交易進行
2723now. Close all buy .The pullback is a bit deep, we wait for a lower price before buying. Let's watch gold run for a while
註釋
xauusd
SELL: 2729near
SL:2737.5
TP:2718
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