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$XAU/USD (XAUUSD.CFD)$ Admit It, this is not correction, this is bear market.
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$XAU/USD (XAUUSD.CFD)$ Wow, I've been so busy lately that I haven't paid much attention to gold, and it has actually dropped by 4,600
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[May 13 Wednesday - European and US Market Trading Strategy]
From a technical perspective, the daily chart favors the bears while the 4-hour chart supports the bulls. The market trend is inconsistent, indicating typical range-bound trading. In the absence of significant news, it’s best to view this as a consolidation phase. If the price rises first, consider shorting; if it drops first, focus on support levels. As of now, after retesting 4687, there was a rebound. If this level is tested again during the day, another long position can be considered. For other levels, caution is advised when going long.
① If prices rise again during the day, consider shorting near 4735 (±5). Set a stop loss around 50 points above, with targets at 4710, 4700, and 4685.
② If strategy ① is triggered, consider opening a long position on a pullback near 4700 (±5).
③ If the market moves lower directly, breaking below 4685, consider going long near 4670.
④ Yesterday’s CPI triggered over 100 points of volatility. Tonight, closely watch the key support level near 4700 ahead of the PPI data release.
[This is just one person's opinion, for reference only, not to be used as a basis for trading decisions. If you find it helpful, follow for daily strategy updates.]
$XAU/USD (XAUUSD.CFD)$ $USD/XAU (USDXAU.CFD)$
From a technical perspective, the daily chart favors the bears while the 4-hour chart supports the bulls. The market trend is inconsistent, indicating typical range-bound trading. In the absence of significant news, it’s best to view this as a consolidation phase. If the price rises first, consider shorting; if it drops first, focus on support levels. As of now, after retesting 4687, there was a rebound. If this level is tested again during the day, another long position can be considered. For other levels, caution is advised when going long.
① If prices rise again during the day, consider shorting near 4735 (±5). Set a stop loss around 50 points above, with targets at 4710, 4700, and 4685.
② If strategy ① is triggered, consider opening a long position on a pullback near 4700 (±5).
③ If the market moves lower directly, breaking below 4685, consider going long near 4670.
④ Yesterday’s CPI triggered over 100 points of volatility. Tonight, closely watch the key support level near 4700 ahead of the PPI data release.
[This is just one person's opinion, for reference only, not to be used as a basis for trading decisions. If you find it helpful, follow for daily strategy updates.]
$XAU/USD (XAUUSD.CFD)$ $USD/XAU (USDXAU.CFD)$
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$SPDR Gold ETF (GLD.US)$ Here we go
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closing acc : A pullback to 4580?![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
closing acc 151646217 OP : There was a 4500 at the beginning of the month, it should return