Allen_Ex

XAUUSD:2280 is just around the corner

Kort
FOREXCOM:XAUUSD   Guld / USA-dollar

The current shape of gold is similar to the head and shoulders. Analyzing the shape combined with indicators, there is a high probability that it will rise first and try resistance. Therefore, the trading strategy continues to be long first and then short, focusing on the 2358-2369 range.
If a head and shoulders are formed, a decline to 2280 is inevitable. At that time, the large-cycle graph will have a double top.

If the shorts are strong, it is very likely that this time it will fall to the 2230-2200 line, and then a large-cycle upward trend will be formed. Therefore, the market is currently brewing a new opportunity, and I hope everyone can seize it!

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