XAU/USD

XAUUSD (spot gold) manual strategy

Thursday, May 9, 2024

Today's key focus on financial data and events:

20: 30. Four stars for initial jobless claims from the United States to May 4th

Main direction: Continuous fluctuation Current price: 2309

Short line resistance above: 2320-2331

Short line support below: 2303-2292

Analysis and strategy:

The next day, gold prices rose and fell, with a focus on reverse selling during the day. It is expected to break out of the range in the evening under the guidance of data.

Strategy: If the Asian stock market declines first, go long with a light position around 2302. If the downward trend is strong, go long with a light position around 2294/92

Long position, with H1 closing below 2290 as the stop loss, and exit at 2315/20 as seen above; If the Asian stock market rises first, it will be on 2317/20

The regional light position is short selling, with H1 closing above 2321 as the stop loss. Looking down, 2303/2295 will exit.

The above strategy is effective before 3 pm. 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#