Last week, we built a long strategy around this range and achieved 100% accuracy and profit growth. Trading strategies may change this week, so stay tuned for updates.
Gold prices continued to weaken during Asian trading on Monday due to a lack of risk aversion over the weekend. It is currently around 2365, which is a relatively low position, with a small gap above. Therefore, it is better to trade with long orders. The focus remains on the U.S. trading session. If the gap above 2385-2390 cannot be filled, the main strategy this week will be adjusted to shorting.
as the picture shows;
We have profited from this range-bound strategy many times. At present, we are still long near the 2365/2370-272 position. For the upper target, we can first look at 2385-2390.
The market is changing rapidly. If the strategy changes, ↓please pay attention to my updates in time.