Gold Wednesday Trading Strategies and Signals

31 ביולי

xauusd July 31, 2024.
Today is Wednesday. It is also the last day of July. Today's trading will be very complicated.
Today there is news about small non-agricultural data.
Today there is also news about the Fed's interest rate decision.
And the Fed's speech.
Three major events will lead the beginning of the big gold price fluctuations this week.
The next few days will be very large trading fluctuations.
Gold ushered in the first round of official rise yesterday. But there are many resistance prices above.
So if gold starts the violent rise mode. We can choose several resistances to sell:
Key price for selling: (profit 40pips as the target)
1/2436-2439
2/2447-2451
3/2457 as the key price for observation. After the breakthrough, we can wait for 2470 to sell.
Of course, anything in the trading market is possible.
I will also give the buying transaction price:
1/2392-2395 (try to buy at the first pullback)
2/2369-2372 (starting point. Buying again is inevitable)
3/2347-2352 (strong resistance. Buying can get more than 80pips profit)
The above is my suggestion for today's trading. You will get good profits by executing according to the price, set sl. If you make a profit because of my signal, please like me and join me.