XAUUSD:If it cannot break through the 2525-2531 range, go short

Posted
XAUUSD:If it cannot break through the 2525-2531 range, go short Gold OANDA:XAUUSD Mia-Signal Overall, gold's movement today hasn't been significant. After entering the resistance zone, it hasn't managed to break through. Currently, the 30-minute chart shows signs of turning bullish, while the 2-hour chart indicates that the bears are gaining momentum for an attack. So in tomorrow's trading, if the price lingers around the resistance level without breaking through for an extended period, there's a high probability of a larger drop compared to today's intraday decline. The trading strategy is quite straightforward: focus on the strong resistance area between 2525 and 2531. If weakness appears, go aggressively short, targeting below 2500.

Continue reading at TradingView Ideas »