XAUUSD (spot gold) manual strategy
Friday, May 10, 2024
Today's key focus on financial data and events:
① 22:00 US May one-year inflation rate expected three stars
Main direction: Strong volatility Current price: 2352 Short term resistance above 2365-2380 Short term support below 2330-2315
Analysis and strategy:
In the early hours of the next day, due to the conflict between Israel and the Hussai armed forces, the gold price rose sharply as a safe haven. Within the day, the main trend was to go long by retracing, supplemented by high-altitude trading. Unable to form a trend in the near future, jumping back and forth horizontally, it is necessary to control the position well.
Strategy: 1. The Asian market will start with a light short position at 2352/55. If it continues to rise, it will increase its position and short position at 2365/68, with H1 closing above 2368 as the stop loss, and exit on 2330/15; If the Asian and European markets retrace first, the 2320/15 area will be bullish for the first time, with H1 closing below 2310 as the stop loss, and 2345/50 exiting the market. The strategy for European and American markets will be provided separately.
The above strategies are from UF Technology and are for reference only. Profit and loss are the responsibility of the company. #XAU/USD# #OPINIONLEADER#
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