#xauusd#gold
Due to a US holiday, US stock and gold/oil markets closed early today, with volatility mainly concentrated in the Asian and European sessions. The market has already rallied rapidly by over 70 points from its low in the morning session. If a second attempt to break through 4200 fails, today's high will essentially be confirmed, and the market will likely consolidate within the 4140-4200 range for the day. As the trading range narrows, the probability of further upward movement gradually decreases. Trading strategies are as follows:
· Consider going long on the first touch of 4135-4145;
· Go short on a rebound to the 4190-4200 area (especially after a pullback to around 4140);
· If the pullback is weak, continue shorting on a direct rebound to this area.
Without a significant catalyst in the closing session, the market is expected to maintain a narrow range until the close.
#XAUUSD
Today's short trade yielded a profit of 120 pips, indicating an overall bearish market.
#gold
Watch the support level at 4210-4230 and the resistance level at 4280-4300.
The market is expected to fluctuate within this range.
Follow me; I will send accurate trading signals during the Asian session after the US market closes today.❤️
#XAUUSD
Gold is currently trading sideways within the 4500-4580 range.
#GOLD
For short-term trading, we can consider going long at the 4500-4520 support level, with an upside target of 4570-4580. 📈
We can also consider going short in the 4575-4588 range, with a downside target of 4540-4530.📉
Stay focused on range trading. Like and good luck! 💙