XAUUSD: 8/8 Today’s Market Analysis and Strategy
Updated
Technical analysis of gold
Daily resistance 2401-2458, support below 2376
Four-hour resistance 2425, support below 2383
Gold operation suggestions: Yesterday, gold rose and fell, and the highest rebound was blocked at 2406.60. It fell to the 2380 line at the end of the trading day and began to rebound. The daily line is still in a high-level bull-bear tug-of-war oscillation, and the small cycle tends to fall back..
The overall price fell under pressure at the 2406 mark for the second time, continuing the recent suppression of the short-selling pattern. Today, the upper resistance continues to focus on 2401-03. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target is still concerned about breaking the previous bottom. The short-term bull-bear strength and weakness dividing line focuses on the 2401 mark. Before the daily level breaks through and stands firm at this position, the priority selling direction remains unchanged.
SELL:2425near SL:2430
SELL:2410near SL:2415
Technical analysis only provides trading direction!
Daily resistance 2401-2458, support below 2376
Four-hour resistance 2425, support below 2383
Gold operation suggestions: Yesterday, gold rose and fell, and the highest rebound was blocked at 2406.60. It fell to the 2380 line at the end of the trading day and began to rebound. The daily line is still in a high-level bull-bear tug-of-war oscillation, and the small cycle tends to fall back..
The overall price fell under pressure at the 2406 mark for the second time, continuing the recent suppression of the short-selling pattern. Today, the upper resistance continues to focus on 2401-03. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target is still concerned about breaking the previous bottom. The short-term bull-bear strength and weakness dividing line focuses on the 2401 mark. Before the daily level breaks through and stands firm at this position, the priority selling direction remains unchanged.
SELL:2425near SL:2430
SELL:2410near SL:2415
Technical analysis only provides trading direction!
Trade active
2410nowTrade active
I hope my analysis today will help you respond correctly and make a profit of 50 pips. Click on my avatar and profile to see more analysis and signals Trade active
2404. You missed a profit signal of 80pips. Click on my avatar and profile to see more analysis and signalsTrade active
The lowest is 2402. I hope you will make short profits in the same direction as me. If the market stands firm at 2401 today, it will turn into a bullish trend. Let's observe the reaction of gold.Trade active
2416 Now, I hope today's analysis has helped you if you follow it. Today's maximum profit is about 200pips.Click on my avatar and profile to see more analysis and signalsTrade active
Latest resistance and support update
1H resistance zone is around 2425
2400near converted to 1H support
Click on my avatar and profile to see more analysis and signals
Join my Telegram channel
t.me/Makemorecoins
✅Free Analysis and Signals
✅Technical Support
✅profit cooperation
t.me/Makemorecoins
t.me/Makemorecoins
✅Free Analysis and Signals
✅Technical Support
✅profit cooperation
t.me/Makemorecoins
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.