XAUUSD: 7/8 Today's Market Analysis and Strategy
Updated
Technical analysis of gold
Daily resistance 2401-2458, support below 2376
Four-hour upper resistance 2425, support below 2383
Gold operation suggestions: Yesterday, the technical side of gold surged in the shock, and fell again under pressure at the 2418 mark. The price in the Asian and European sessions first surged and pierced the 2418 mark, and fell into repeated shocks after being suppressed and retreated. The European session continued to fall further to the 2394 mark and stabilized and rebounded. The US session rebounded to the 2416 mark twice before being blocked. Finally, the gold price continued its downward trend in the US session and broke through the 2390 mark to reach a weak closing near 2380. The overall price showed a weak short adjustment pattern at the 2418 mark.
Judging from the current market trend, today's upper resistance is still focused on the 4-hour decline gap near 2410 yesterday. The intraday rebound relies on this position to continue to be bearish. The lower target is still focused on the new low. The short-term gold price long and short strength dividing line focuses on the 2425 line. Before the daily level breaks through and stands on this position, it is mainly sold.
SELL: 2425near SL: 2430
SELL: 2410near SL: 2415
SELL: 2401near SL: 2405
Technical analysis only provides trading direction!
Daily resistance 2401-2458, support below 2376
Four-hour upper resistance 2425, support below 2383
Gold operation suggestions: Yesterday, the technical side of gold surged in the shock, and fell again under pressure at the 2418 mark. The price in the Asian and European sessions first surged and pierced the 2418 mark, and fell into repeated shocks after being suppressed and retreated. The European session continued to fall further to the 2394 mark and stabilized and rebounded. The US session rebounded to the 2416 mark twice before being blocked. Finally, the gold price continued its downward trend in the US session and broke through the 2390 mark to reach a weak closing near 2380. The overall price showed a weak short adjustment pattern at the 2418 mark.
Judging from the current market trend, today's upper resistance is still focused on the 4-hour decline gap near 2410 yesterday. The intraday rebound relies on this position to continue to be bearish. The lower target is still focused on the new low. The short-term gold price long and short strength dividing line focuses on the 2425 line. Before the daily level breaks through and stands on this position, it is mainly sold.
SELL: 2425near SL: 2430
SELL: 2410near SL: 2415
SELL: 2401near SL: 2405
Technical analysis only provides trading direction!
Trade active
Gold is running the same as the chart I drew this morning.
Latest resistance and support updates.
1H resistance around 2410
1H support around 2386
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