XAUUSD: 24/4 Today’s Market Analysis and Strategy

368
Gold technical analysis
Daily chart resistance 3057-3100, support below 2999
Four-hour chart resistance 3038, support below 2999
One-hour chart resistance 3038, support below 2999

Gold operation suggestions: Gold continued to fall under pressure at the 3047 mark in the Asian session last Friday, and then broke through the 3030 mark in the European session and stabilized and rebounded near 3021. After repeated fluctuations in the NY market, it accelerated downward movement below 3037 and finally bottomed out and rebounded at the 3000-point integer mark.

From the current trend analysis, today's upper short-term resistance is focused on 3038, and the lower short-term support is focused on around 2999. Overall, relying on this range, keep selling high and buying low, and wait patiently for key points to enter the market.

Sell: 3038near SL:3043
Buy: 2999near SL:2994

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.