XAUUSD:29/8 Today's Market Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2525/2550, support below 2494
Gold operation suggestions: Gold's downward momentum last night was very strong, but the energy of the early morning rebound was also relatively strong. At present, the low point of the medium-term trend of the gold hourly line has been in a continuous downward stage. The disk shows a trajectory of weak and oscillating decline, but it began to stabilize and rebound near 2493 yesterday. At present, the Asian session broke through the moving average pressure level and attacked 2521, and it is very close to the upper pressure level of 2526-2528! Need to wait patiently!
Judging from the current trend of gold, the upper pressure remains around 2525-50, and the lower support remains around 2490-2494. Before the lower level fails to break, there may still be a period of range oscillation in the short term, and gold rebounds. If there is no breakthrough near 2525-30, you can go short.
BUY:2494near SL:2490
BUY:2500near SL:2494
SELL:2528near SL:2533
⚠️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 2550, support below 2450
Four-hour resistance 2525/2550, support below 2494
Gold operation suggestions: Gold's downward momentum last night was very strong, but the energy of the early morning rebound was also relatively strong. At present, the low point of the medium-term trend of the gold hourly line has been in a continuous downward stage. The disk shows a trajectory of weak and oscillating decline, but it began to stabilize and rebound near 2493 yesterday. At present, the Asian session broke through the moving average pressure level and attacked 2521, and it is very close to the upper pressure level of 2526-2528! Need to wait patiently!
Judging from the current trend of gold, the upper pressure remains around 2525-50, and the lower support remains around 2490-2494. Before the lower level fails to break, there may still be a period of range oscillation in the short term, and gold rebounds. If there is no breakthrough near 2525-30, you can go short.
BUY:2494near SL:2490
BUY:2500near SL:2494
SELL:2528near SL:2533
⚠️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
Real-time signal sold in 2524~2525, now in profit. BE has been set. Gold is approaching the resistance area. We will try to sell. Stop selling after breaking through 2531
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