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I think today is a volatile trend. Trading will not be complicated, and you can get good returns whether you buy or sell.
Although there is news about unemployment benefits. But I don’t think it will cause drastic fluctuations
Check the chart to find the running track. Maybe you can get some judgment on the trend
Yesterday's CPI news caused gold to fluctuate greatly. If you refer to my analysis chart, you will make a profit very smoothly.
#xauusd
Gold changes according to my chart. It breaks upward normally after breaking through my chart area. The range is very wide. In fact, gold continued the rise on Friday. It broke through the 2432 resistance area on Friday. So yesterday's strong breakthrough can be seen as a continuous change.
If gold fluctuates between 2484-2435 today, it will be a normal range change.
But gold is currently in a key rising range.
There will be many changes in the next trend. I drew the normal range changes and the fluctuations of gold in each stage after the breakthrough.
I think staged trading will help us get some reference trends.
You can refer to these charts for gold price fluctuations in the next few days.
If there is a new trend, I may update it
At present, the trajectory of gold is consistent with my judgment. You can check it with my chart.
I have marked out the possible activity trajectories of gold next week. I have marked out the trajectories within and outside the range.
#XAUUSD Trading ideas for gold today
On M5 timeframe:
If the gold price breaks the support zone: 2388. Then return to retest, if there is a signal, you can open a buy position.
Or if anyone trades according to the EMA line: You can wait for the gold price to be above ema 200 (purple line), then you can open a buy position.
Target profit taking at price range: 2400
Stop loss: 30-50 pips
