11.10 Tue Xu Wen $XAU Strategy
XAU short-term strategy: Sell into rebounds
Core rationale:
Macro-wise, stronger-than-expected nonfarm payrolls have reinforced bets on a December rate hike. Technically, the moving averages on both the 1-hour and 15-minute charts are bearishly aligned, and rebounds lack strength. The liquidation heatmap also shows a large liquidation cluster in the 4150–4160 range, forming a very strong resistance zone. Before tonight’s CPI data is released, it will be extremely difficult for bulls to break through this resistance in one go.
Trade levels:
Entry range: Sell under pressure at 4140–4155
Stop-loss: 4165
First target: 4100
Second target: 4085
$XAU #美伊和谈提振市场，美股强势反弹
XAU short-term strategy: Sell into rebounds
Core rationale:
Macro-wise, stronger-than-expected nonfarm payrolls have reinforced bets on a December rate hike. Technically, the moving averages on both the 1-hour and 15-minute charts are bearishly aligned, and rebounds lack strength. The liquidation heatmap also shows a large liquidation cluster in the 4150–4160 range, forming a very strong resistance zone. Before tonight’s CPI data is released, it will be extremely difficult for bulls to break through this resistance in one go.
Trade levels:
Entry range: Sell under pressure at 4140–4155
Stop-loss: 4165
First target: 4100
Second target: 4085
$XAU #美伊和谈提振市场，美股强势反弹
