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$XAU 8.20 Gold, morning outlook
After last night's announcement that the U.S. government's debt will double, the price immediately rose by nearly 100 points, with the current high reaching 4527. When news directly affects the entire market like this, do not take a contrarian position; simply follow the trend and maintain the rhythm.
Now pay attention to the 4550 area above and observe the response to the test. This rise has disrupted the market trend, so we can only wait for the market to gradually stabilize, find the long-short position battle area again, and then establish positions.
For the short term this morning, continue focusing on long positions and buy on retracements.
Operation:
Long 4490-4510, target 4540-4560. Defense 4489-4480. #BTC升破69000美元日内涨幅6.43%
if it breaks $33M , it could continue dropping to $20M
if $33M breaks, it will continue down to $20M