XAUUSD: 22/9 Today Trading Strategy

22 de set. de 2023Gold rebounded slightly on Friday after yesterday's heavy losses, and the price of gold is now around 1925. The Federal Reserve kept interest rates unchanged as scheduled on Wednesday. There is still the possibility of the Federal Reserve raising interest rates in the future, pushing the US dollar higher, which will put pressure on gold prices in the short term. Gold prices fell to their lowest yesterday, near 1913. Today is the last transaction of the week. Today, gold's fluctuations this week can be described as twists and turns. Yesterday, the gold market continued its decline. It opened at 1930.8 in early trading, and then the market rose slightly to 1931.5. Then the market began to fall back, with the daily minimum reaching around 1913. Afterwards, the market consolidated, and the daily line finally closed at 1919, and then the daily line closed at 1919. The line closes with a big negative line with a long lower shadow. After finishing in this form, today's market still has certain technical needs for adjustment. On the 4-hour chart, there has been a wave of negative declines, and it has returned to a wide range of shocks. There is still support close to the 1900 mark. Judging from the closing situation at the end of the day, it is not a unilateral weak decline.

​
​​Gold operating strategy:
BUY:1912-1915
SL:1908
TP1:1920
TP2:1925