XAUUSD: 30/8 Today’s Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2550, support below 2494
Gold operation suggestions: Gold has now formed a four-top pattern. Yesterday's daily line also rose sharply, but the NY market fell again. Today, Friday, is still a critical time point for the European session. The day is also the last trading day of the month and the key time point for the month-end closing. The market may reverse at any time, and stop loss must be strictly enforced.
Judging from the current gold trend, the hourly line continues to fall, and the target of this round of decline has not yet been reached. The support below is still to continue to pay attention to the dense trading area near 2494. Gold rebounds near 2525-30 and does not break through, so it can be shorted.
BUY:2494near SL:2490
BUY:2500near SL:2494
SELL:2525near SL:2529
Technical analysis only provides trading direction!
Daily resistance 2550, support below 2450
Four-hour resistance 2550, support below 2494
Gold operation suggestions: Gold has now formed a four-top pattern. Yesterday's daily line also rose sharply, but the NY market fell again. Today, Friday, is still a critical time point for the European session. The day is also the last trading day of the month and the key time point for the month-end closing. The market may reverse at any time, and stop loss must be strictly enforced.
Judging from the current gold trend, the hourly line continues to fall, and the target of this round of decline has not yet been reached. The support below is still to continue to pay attention to the dense trading area near 2494. Gold rebounds near 2525-30 and does not break through, so it can be shorted.
BUY:2494near SL:2490
BUY:2500near SL:2494
SELL:2525near SL:2529
Technical analysis only provides trading direction!
Trade active
Today's direction is still to sell. The first profit has been confirmed. Free analysis and trading strategies will be shared later 
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