Allen_Ex

XAUUSD: Trading Straregy

FOREXCOM:XAUUSD   Złoto / Dolar USA

Unexpected events caused it to break through the resistance range and complete the conversion from resistance to support. Currently, 2012-2007 is already a support, 30m is beneficial to the bulls, and 1h has formed a top divergence, and there is a need for adjustment. The upper resistance is 2018-2022.

The probability of directly breaking through it is low, but given the strength of the market today, a second attempt may be made. If the judgment is correct, you can observe the support from 2012 - 2007 after falling back. If the support is effective, go long. If the support falls below, you need to make a judgment based on the specific market conditions. (When short forces are strong, we should not do the opposite)

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