XAUUSD (spot gold) manual strategy
Monday, May 13, 2024
Today's Key Financial Data and Events: None
Main direction: Strong volatility Current price: 2358
Short line resistance above: 2380-2395
Short line support below: 2350-2320
Analysis and strategy:
After the early hours of Friday, gold prices rose strongly amidst the worsening situation in the Middle East. On Friday, the European market hit around 2378, while the US market rebounded
Withdrawal, ultimately closing at the 2360 line, overall strong. Consider buying more before leaving empty during the day.
Strategy: Gold prices in the Asian session retraced, taking a long position at 2351/47 and closing below 2347 in H1 as a stop loss. Looking up at 2365/78
Field. The strategy for European and American markets will be provided separately.
The above strategies are from UF Technology and are for reference only. Profit and loss are the responsibility of the company. #XAU/USD# #FOLLOWMEGuideBook#
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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