XAUUSD: 14/11 Today's Market Analysis and Strategy
Updated
Technical analysis of gold
Daily resistance 2627, support below 2500
Four-hour resistance 2585, support below 2550
Gold operation suggestions: Yesterday, gold technically rose and then fell in volatile trading. The price stabilized at the 2600 integer mark in the Asian and European sessions and ushered in a volatile rebound and repair. Under the influence of CPI data, the gold price in the US session rose slightly and pierced the 2618 mark, and then fell back due to resistance. The overall price once again lost the 2600 mark and formed a weak unilateral downward pattern.
From the daily analysis, today's upper resistance focuses on the 2580~85 line suppression. The intraday pullback relies on this position to continue the main short and follow the trend to look down. The lower target is still concerned about breaking the bottom. The short-term gold price is the watershed between long and short strengths and weaknesses at 2605. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep participating in the trend.
SELL:2581near SL:2586
SELL:2565near SL:2568
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Daily resistance 2627, support below 2500
Four-hour resistance 2585, support below 2550
Gold operation suggestions: Yesterday, gold technically rose and then fell in volatile trading. The price stabilized at the 2600 integer mark in the Asian and European sessions and ushered in a volatile rebound and repair. Under the influence of CPI data, the gold price in the US session rose slightly and pierced the 2618 mark, and then fell back due to resistance. The overall price once again lost the 2600 mark and formed a weak unilateral downward pattern.
From the daily analysis, today's upper resistance focuses on the 2580~85 line suppression. The intraday pullback relies on this position to continue the main short and follow the trend to look down. The lower target is still concerned about breaking the bottom. The short-term gold price is the watershed between long and short strengths and weaknesses at 2605. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep participating in the trend.
SELL:2581near SL:2586
SELL:2565near SL:2568
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Trade active
Now the SELL2565 makes 40pips, you can close half, move SL to the entry point. Next resistance 2580
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