XAUUSD(GOLD)-Expected To Reach New Highs

8月21日

From a technical perspective, the Bollinger Bands as a whole are still upward, the MACD indicator golden cross continues to increase in volume, and the KDJ indicator also shows sufficient upward potential. Therefore, as a whole, the daily line is volatile, which does not mean that the weakness will continue, and the bullish outbreak may occur at any time. From the 4-hour chart, the gold price opened higher this morning, and the short-term moving average extended to the 2500 area, which means that the support is still moving up. As other periodic indicators maintain a bullish arrangement, the Bollinger Bands continue to open upward as a whole, the MACD indicator golden cross shows signs of top divergence, and the KDJ indicator three-line adhesion is blunted, and the bullish rebound can still be expected.

It is recommended to do more at low levels for gold intraday operations. For the support level, pay attention to the 2493-2495 area first, and you can participate in long orders. Focus on the 2483-2480 area. If the bears break down strongly, it means that the downward space will expand, and then you can see the test of the support around 2460. As for the resistance level, continue to pay attention to the historical high of 2509, but now I think we need to make some changes. At present, most investors in the market attach great importance to the 2509 area, and there must be many people who short here, but can the market really make everyone happy? I think either do not give short opportunities, or break through with a slow rise. Judging from the trend during the Asian session, the price of gold has started to rebound since 2500. Although the current amplitude is not large, the high point is still constantly refreshing, which will undoubtedly lay the tone for the slow rise of the market. If 2495 is the intraday low, then according to the volatility space on Monday, there is a high probability that the upper side will see the 2530 area, and it may even trigger a large number of buying interventions in the market, causing the gold price to hit a higher point.

On the whole, today's short-term operation of gold is recommended to focus on long positions in callbacks, supplemented by short positions after rebounds. The upper short-term focus is on the 2530-2535 resistance range, and the lower short-term focus is on the 2500-2495 support range.

8月21日

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Gold Trading Strategies Reference

🎯Strategy 1: Go Sell when gold rebounds to around 2516-2518, stop loss 6 points, target around 2500-2490, break the position and look at the 2485 line✅

🎯Strategy 2: Go Buy when gold pulls back to around 2485-2487 , stop loss 6 points, target around 2495-2505, and look at the 2510 line if the position is broken✅

✴️Strategy orders are divided into two positions at 1:2 or 1:3. The two positions shall not exceed 15% of the total position. A spare position shall be reserved. All positions shall not exceed 20% of the total position;

✴️Strategy orders change SL to the entry price when the profit is more than 3 US dollars. Unless otherwise notified, the original price shall not be re-entered;

✴️Strategy orders implement current price closing, unless there is a clear statement of pending orders or positions, the strategy is only valid for the day; overnight orders are prohibited;

⚠️The trend of the gold market is changing rapidly, and trading strategies may also be adjusted in real time. Investors are advised to place orders cautiously and manage account funds and positions reasonably.

8月21日

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🔥Perfect! Completed 🎯Strategy 1

8月21日

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Gold is brewing a big rally and is expected to hit a new high again. If the market does not fall below 2500, it is recommended to continue buying.