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Next week’s Gold Week trading plan (7.20-7.26)
Overall market conditions are weak and range-bound. The big-picture strategy is to short on rallies first; only after support holds steady should you take a light position for a short-term long.
The moving average resistance is clear. Although the downside momentum has weakened, there is currently no reversal signal.
Trading plan:
- On a bounce from 4050-4080, sell at @? , target 4000-3950.
- On a pullback to 3940-3970, buy at @? , target 4000-4050
Reminder:
The above analysis is my personal view. The market changes rapidly; this content is for reference only and does not constitute any investment advice!
$XAUT