XAUUSD: Today’s Market Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2550, support below 2494
Gold operation suggestions: Gold retreated slightly after opening yesterday, and then retreated again, reaching a maximum of around 2527, approaching the previous high point, but unfortunately, the bulls did not break through the high point again, but retreated under pressure. The current market is still in a weak form, and we need to wait for the confirmation of the European session before we can confirm the long and short direction in the later period.
From the current trend of gold, the upper pressure is maintained at around 2518-20, and the lower support is maintained at around 2494-2500. The current price is still in the middle, and the long and short still need to wait. The ideal entry time needs to wait for the European session to give a direction, and then trade in the US session. Before the lower position fails to break, it may continue to fluctuate in the short term.
BUY:2494near SL:2490
BUY:2500near SL:2494
SELL:2518near SL:2523
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 2550, support below 2494
Gold operation suggestions: Gold retreated slightly after opening yesterday, and then retreated again, reaching a maximum of around 2527, approaching the previous high point, but unfortunately, the bulls did not break through the high point again, but retreated under pressure. The current market is still in a weak form, and we need to wait for the confirmation of the European session before we can confirm the long and short direction in the later period.
From the current trend of gold, the upper pressure is maintained at around 2518-20, and the lower support is maintained at around 2494-2500. The current price is still in the middle, and the long and short still need to wait. The ideal entry time needs to wait for the European session to give a direction, and then trade in the US session. Before the lower position fails to break, it may continue to fluctuate in the short term.
BUY:2494near SL:2490
BUY:2500near SL:2494
SELL:2518near SL:2523
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
Latest resistance and support updates
4H resistance around 2525, support around 2494
1H resistance around 2511, support around 2494
You can buy high and sell low in the resistance range, but please use the small SL test
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