10.22 Gold Intraday Analysis: #XAU
A lot of you have been wondering how to position yourselves in gold intraday. Following the choppy action of the past couple of days, the market is once again approaching a key level today 👇👇
After gold surged yesterday, it pulled back. In the early session, prices retested support near 4100. The broader bullish momentum is still intact, but short-term U.S. Treasury yields remain elevated and the dollar is holding relatively firm. The market is still weighing persistent inflation against expectations for the Fed’s future policy, and overhead selling pressure has yet to be fully absorbed. As a result, prices haven’t established a one-way trend and have continued to churn within a range.
We can focus on whether the support level at 4100 holds. If it does, this could mark a bottom. If it fails, gold may continue lower in search of support.
Trading plan:
Once gold stabilizes above 4100, consider entering long, with a stop-loss at 4080. The initial take-profit target is 4135, with 4150 in view if prices break through. If 4100 gives way, the long setup is invalidated.
That’s the intraday gold trading plan, for reference only. If you’re looking to make a profit, follow my chat room—I share high-probability trades to act on every day!!!
#股票财报季 #以太坊突破2500美元 #比特币跌破8.4万美元 $XAU $BTC $ETH
A lot of you have been wondering how to position yourselves in gold intraday. Following the choppy action of the past couple of days, the market is once again approaching a key level today 👇👇
After gold surged yesterday, it pulled back. In the early session, prices retested support near 4100. The broader bullish momentum is still intact, but short-term U.S. Treasury yields remain elevated and the dollar is holding relatively firm. The market is still weighing persistent inflation against expectations for the Fed’s future policy, and overhead selling pressure has yet to be fully absorbed. As a result, prices haven’t established a one-way trend and have continued to churn within a range.
We can focus on whether the support level at 4100 holds. If it does, this could mark a bottom. If it fails, gold may continue lower in search of support.
Trading plan:
Once gold stabilizes above 4100, consider entering long, with a stop-loss at 4080. The initial take-profit target is 4135, with 4150 in view if prices break through. If 4100 gives way, the long setup is invalidated.
That’s the intraday gold trading plan, for reference only. If you’re looking to make a profit, follow my chat room—I share high-probability trades to act on every day!!!
#股票财报季 #以太坊突破2500美元 #比特币跌破8.4万美元 $XAU $BTC $ETH