Technical aspect: After the governor of the Bank of Japan made a dovish speech, the market has undergone very interesting changes. The US Treasury bond interest rate rose, the US dollar fluctuated, but gold broke through all the way. This market may not last long, but indicators are needed to enter short orders. The overbought zone death cross signal of the fifteen-minute stochastic indicator can be used. Since the winning rate of reverse trading is low, a small stop loss and a large take profit operation is adopted.

Gold against the US dollar XAUUSD

Sep 20 2024