After every market wave, successful traders reap joy, profits, and experience, while unsuccessful traders face sadness, losses, and lessons. Same market, same time, different results, which one do you belong to? If the direction is right, the road is not daunting. Time witnesses strength, and strength wins the future. Let trust become profit, and profit dispel doubt. The market changes rapidly, same candlestick, different perspectives, different results. Facing the ups and downs of candlesticks, are you confused, afraid of rising, and falling? Plan your trades, trade your plans. The road to success is simple. With a clear understanding, you can be at ease. The market offers many opportunities, it depends on whether you can seize them. If you are always hesitant and confused when facing opportunities, you might as well follow my rhythm and see if it can enlighten you.
XAUUSD formed a double bottom support on the hourly chart, and the moving averages formed a bullish cross, indicating a clear bullish signal. The opening is expected to test the 1860 resistance level, then break through the previous high after a dip. The main idea for next week is to follow the trend and buy on dips.
Personal trading plan: Short at 1860, with the first target at 1850, the second target at 1840, and stop loss at 1870. Buy again at 1840, with the first target at 1855, the second target at 1870, and stop loss at 1830. Next week, it is important to pay attention to the ADP and NFP data, as this data will greatly impact the XAUUSD trend. Please focus on it, and I will also help analyze the data situation. If there are any changes in the market, I will update the strategy in time. If you have any questions, please leave me a message, and I will give you the safest strategy.
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