Next week's XAUUSD operation direction guide
تم تحديثه
Next week's critical trading considerations include:
Support for the Iran ceasefire
The US elections
The ceasefire in Iran is expected to decrease market risk aversion, thereby increasing short-selling pressure. Additionally, accelerating US economic growth could exert further downward pressure on gold prices. Taken together, these two major news events suggest that a decline in gold prices is merely a matter of time.
XAUUSD GOLD 
BTCUSD
Currently, gold's resistance levels are positioned between 2357 and 2762, with Friday's closing price around 2733. The likelihood of a price decline after market open remains high, given the lack of bullish news to support gold prices.
On Monday, the market sentiment is expected to be muted, with 2744 serving as a second resistance level. If gold unexpectedly rebounds to this level post-open, it can be considered a target for selling. The lower support range is projected between 2700 and 2712, which will need to be tested. Thus, next week's trading strategy will predominantly focus on selling from higher levels.
For group members, please refer to real-time trading plans for more detailed strategies, as the market can experience significant daily fluctuations. Maintaining effective and low-risk trading strategies will be our ongoing priority.
Wishing everyone a profitable trading week ahead.
Support for the Iran ceasefire
The US elections
The ceasefire in Iran is expected to decrease market risk aversion, thereby increasing short-selling pressure. Additionally, accelerating US economic growth could exert further downward pressure on gold prices. Taken together, these two major news events suggest that a decline in gold prices is merely a matter of time.
XAUUSD GOLD BTCUSD Currently, gold's resistance levels are positioned between 2357 and 2762, with Friday's closing price around 2733. The likelihood of a price decline after market open remains high, given the lack of bullish news to support gold prices.
On Monday, the market sentiment is expected to be muted, with 2744 serving as a second resistance level. If gold unexpectedly rebounds to this level post-open, it can be considered a target for selling. The lower support range is projected between 2700 and 2712, which will need to be tested. Thus, next week's trading strategy will predominantly focus on selling from higher levels.
For group members, please refer to real-time trading plans for more detailed strategies, as the market can experience significant daily fluctuations. Maintaining effective and low-risk trading strategies will be our ongoing priority.
Wishing everyone a profitable trading week ahead.
تم فتح الصفقة
The gold price in the London market did encounter selling pressure when it reached the expected 2744, and then the gold price quickly fell back to our fast trading strategy target of 2733. But will the gold price in the upcoming New York market still use 2744 as a pressure target? Some independent traders remember to pay attention to trading risks.
Want to become a member of the fast group to get guidance to expand profits or recover losses. Contact George after entering the channel:
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