XAUUSD:23/9 Today's Market Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2650, support 2550
Four-hour resistance 2650, support 2613-2604
Gold operation suggestions: The rise is boosted by the bets of further interest rate cuts in the United States and the intensification of tensions in the Middle East. Gold prices have risen by 27% so far in 2024, which is set to hit the largest annual increase since 2010. The market seeks to hedge the uncertainty caused by long-term conflicts in the Middle East and other regions. At present, the overall gold price has stood above the 2600 mark and entered a very strong unilateral pattern of bulls.
Judging from the current market trend, gold is fluctuating at the 2630 level, and the bulls are in a slow bull market. Today we continue to see new highs above, and pay attention to the 2613-2604 support line below. The operation is still mainly based on retracement and long positions. Before the daily level falls below this position, the low-multiple rhythm remains unchanged.
BUY:2611~2613 SL:2604
SELL:2649~2651 SL:2655
Technical analysis only provides trading direction!
Daily resistance 2650, support 2550
Four-hour resistance 2650, support 2613-2604
Gold operation suggestions: The rise is boosted by the bets of further interest rate cuts in the United States and the intensification of tensions in the Middle East. Gold prices have risen by 27% so far in 2024, which is set to hit the largest annual increase since 2010. The market seeks to hedge the uncertainty caused by long-term conflicts in the Middle East and other regions. At present, the overall gold price has stood above the 2600 mark and entered a very strong unilateral pattern of bulls.
Judging from the current market trend, gold is fluctuating at the 2630 level, and the bulls are in a slow bull market. Today we continue to see new highs above, and pay attention to the 2613-2604 support line below. The operation is still mainly based on retracement and long positions. Before the daily level falls below this position, the low-multiple rhythm remains unchanged.
BUY:2611~2613 SL:2604
SELL:2649~2651 SL:2655
Technical analysis only provides trading direction!
Trade active
Long position has reached the target
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