XAUUSD: 21/9 Today’s Trading Strategy

Actualizado
Gold opened on Thursday and continued to fall lower, continuing yesterday's decline. The U.S. dollar index and U.S. bond yields also continued to strengthen at the opening due to the Federal Reserve's hawkish expectations, putting pressure on its gold price. Overall, the interest rate meeting was biased towards the hawkish side. This may limit gold price gains in the short term. However, gold in the Asian market fluctuated slightly and rose, and it is not expected to have a big trend. There will be data to pay attention to later.

Judging from the structure of yesterday's trend, gold fluctuated sideways at first, and was also the calm before the storm. The U.S. market once crashed and pushed the pressure up to the 1947 line. This was the market's early reaction to the Federal Reserve's expectation of suspending interest rate hikes. However, In the early morning, the Federal Reserve's interest rate meeting was biased towards the hawkish side, which caused gold to peak and fall, completely swallowing up all the gains during the day, and finally closed at the inverted hammer line near 1930.

At the daily level, gold was suppressed at the 1947 line and formed a double top suppression pattern. This may indicate that gold prices will be limited in their gains in the coming period. In the daily K structure, after the gold price breaks through, the lower support is still at the 1920 line. This also suggests that gold prices will find support near this area and may rebound or correct here. At the 4-hour level, the stochastic indicator crosses downwards and the MACD double-line top divergence indicates that gold prices may experience a short-term rebound adjustment. Therefore, during the day operation, Jiesse is still optimistic about the trend of falling from the high level. Then consider going long at a low position



​Gold operating strategy:
SELL:1934-1937
SL:1941
TP1:1930
TP2:1925

BUY:1920-1923
SL:1916
TP1:1927
TP2:1931
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Adjusted strategy and successfully won TP
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SELL1925~1926Old place
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