CFDs on Gold (US$ / OZ)Updated XAUUSD: 21/2 Today's Market Analysis and Strategy
Gold technical analysis
Daily resistance 3000, support below 2892
Four-hour resistance 3000, support below 2920
Gold operation suggestions: Gold continued to rise strongly in the Asian and European sessions yesterday. The European session accelerated the breakthrough and stood above the 2950 mark to further create a historical high. However, the gold price was under pressure at the 2954 mark before the US session, and it fell back and fluctuated. The US session accelerated downward to break through the 2930 mark and continued to fall to around 2924, and then began to rebound.
From the current 4-hour analysis, today's lower support continues to focus on the vicinity of 2920, the daily level support is 2892, and the upper pressure is above the 2958-60 line. The overall support continues to rely on this range to sell high and buy low, and wait patiently for key points to enter the market.
BUY:2924near SL:2920
BUY:2892near SL:2888
Daily resistance 3000, support below 2892
Four-hour resistance 3000, support below 2920
Gold operation suggestions: Gold continued to rise strongly in the Asian and European sessions yesterday. The European session accelerated the breakthrough and stood above the 2950 mark to further create a historical high. However, the gold price was under pressure at the 2954 mark before the US session, and it fell back and fluctuated. The US session accelerated downward to break through the 2930 mark and continued to fall to around 2924, and then began to rebound.
From the current 4-hour analysis, today's lower support continues to focus on the vicinity of 2920, the daily level support is 2892, and the upper pressure is above the 2958-60 line. The overall support continues to rely on this range to sell high and buy low, and wait patiently for key points to enter the market.
BUY:2924near SL:2920
BUY:2892near SL:2888
Trade active
After a rapid decline, it returned to the support level. Without hesitation, buy and make a profit. Note
The market is running as I predicted. You can still see a rebound before the NY market. If it stands firm at 2930, the target is 2940. The recent market amplitude is relatively large, which is suitable for short-term scalp trading. Please move in and out quickly to gain profits.Trade closed manually
Congratulations Profit 100pips 
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💥Telegram Channel Free Updates 👉🏻
💥t.me/Actuary00group
✉️Signal and daily analysis channel
💥t.me/Actuary00group
✉️Signal and daily analysis channel
Related publications
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.