Daily Gold, Morning Session (10/20):
(Daily Gold is solely my personal intraday short-term analysis and forecast, and should not be used as a basis for copy trading. Trading involves risk, so please prioritize risk management!)
Gold has reached 4130, just as expected!
There is only one strategy for today: follow the downward trend, chase the decline, and sell the rebounds.
Targets: 4100-4070-4055-4040-4030-4020
Over the weekend, I mentioned that this week could see a break below the lower boundary of the recent trading range, perhaps during this current decline.
The best entry point for a short position today is around 4155. For now, first watch the strength of the rebound from 4130.
If the rebound is strong, you can also wait for a level near 4170.#XAUUSD $XAU
(Daily Gold is solely my personal intraday short-term analysis and forecast, and should not be used as a basis for copy trading. Trading involves risk, so please prioritize risk management!)
Gold has reached 4130, just as expected!
There is only one strategy for today: follow the downward trend, chase the decline, and sell the rebounds.
Targets: 4100-4070-4055-4040-4030-4020
Over the weekend, I mentioned that this week could see a break below the lower boundary of the recent trading range, perhaps during this current decline.
The best entry point for a short position today is around 4155. For now, first watch the strength of the rebound from 4130.
If the rebound is strong, you can also wait for a level near 4170.#XAUUSD $XAU