GOLD:Trading strategy

Sep 4, 2023

In the morning, I judged that as long as gold rebounds, the chance of falling is very high.

After the release of non-farm payrolls data last Friday, it once rose to near 1953, and then under the bearish influence of the US ISM manufacturing PMI in August, it began to gradually decline,Indicates that the willingness to rise is not strong.

From the point of view of technical indicators, the relative strength index RSI from the daily level to the minute level has entered the overbought area.

So I judge that today, we can sell if gold rebounds.

If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.

Sep 4, 2023

Note

TP:1941

Sep 4, 2023

Note

Today's US trading is closed early, so we lock in profits, but the bottom support is near 1938.

Sep 4, 2023

Note

If it cannot fall below 1938, then gold may still rebound.

Sep 4, 2023

Note

The resistance point is 1946-1948