XAUUSD: Trading strategy for next Monday!

15 de dez. de 2024

✅This week's golden weekly closed a positive line with a long upper shadow, showing that bulls still have some strength, but the short-term moving average has clearly turned downward and the MACD indicator has opened downward after heavy volume after a dead cross at a high level, indicating the overall weekly trend. Bearish.

✅The daily structure shows a typical short trend, with highs continuing to move downward and lows constantly refreshing. Last Thursday and Friday, there were consecutive big negative lines, swallowing up the previous gains, and there was almost no sign of counterattack during the U.S. trading session, indicating that the bears clearly have the upper hand. If it subsequently falls below this week's low of 2627, gold may start a new round of rapid decline.

✅The 4-hour chart shows that gold has closed four negative lines in a row, the Bollinger Bands as a whole show an accelerating downward trend, the moving averages of each cycle have simultaneously turned into a short position, and the MACD indicator has formed a dead cross and continues to drop downward, indicating that the short momentum is dominant and there is further Possibility of extending the downward trend.
✅In the 1-hour chart, the moving average continues to turn downward. If a dead cross is formed, it will further open up room for decline. Currently, 2675 has become a significant counter-pressure level. It rebounded to 2673 during the US trading session on Friday and then fell directly under pressure. If it rebounds to the 2665-2675 area next week, you can continue to try short orders.

🔰Short strategy:
Entry point: If the 2665-2675 area is blocked, short orders can be placed.
Take-profit target: Look at the 2630-2627 area.
Risk control: Stop loss is set above 2680.

🔰Long strategy:
Entry point: If gold returns to the 2628-2630 area and the support is effective, you can try to take a long position with a light position.
Take profit target: look at the 2660-2665 area.
Risk control: Stop loss is set below 2620.

🔥At present, the overall trend of gold is dominated by bears, but we need to pay attention to the performance of the key support areas below. Once it falls below 2627, the bearish power may be further released. On the other hand, if the support is effective, it may trigger a short-term rebound. Therefore, it is recommended to focus on short positions on rebounds, and be cautious when going long on callbacks. Next week, we will focus on the further impact of the Federal Reserve's interest rate meeting and other important economic indicators on market sentiment. At the same time, we will pay attention to controlling risks and avoiding chasing the rise and killing the fall.

16 de dez. de 2024

Trade ativo

✅Gold surged higher and fell back in early trading, recording four consecutive negative days, which undoubtedly significantly weakened the upward momentum of the bulls. At the same time, the overall downward trend of the Bollinger Bands intensified, and the moving averages of each cycle simultaneously turned into a short position, further confirming the dominance of shorts.

✅The MACD indicator shows a dead cross shape and diverges downward, showing an increased willingness to increase downward volume. Overall, the technical structure of the four-hour chart is biased toward the short side, and it is not ruled out that a greater downward continuation may be launched at any time.
Combined with trend analysis, Monday's market is the third trading day of this round of decline. From a time perspective, the market may have the possibility of a short-term rebound. However, during the rebound stage, if the key pressure level cannot be effectively established, gold shorts are still expected to continue to dominate the market.

🔥Key support level: 2643 - This level is the focus of short-term attention. If the gold price stabilizes at this point, it may enter a convergent triangle consolidation structure in the future, operating in the range of 2643-2675.

16 de dez. de 2024

Trade fechado: objetivo atingido

GOLD BUY @ 2652-2655

⛔️SL 2647

🎯TP1 2661
🎯TP2 2665