XAUUSD:22/8 Today's Market Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2550, support below 2500-2450
Four-hour resistance 2514, support below 2500-2494
Gold operation suggestions: Gold fluctuated in the range yesterday and was shot down again at 2519. The slight rebound in the Asian and European sessions was under pressure at the 2519 mark, forming multiple suppressions. The European session fell down and broke through the 2500 integer mark to reach 2493 and stabilized and rebounded. After the news was released, the gold price quickly rose and pierced the 2519 mark and fell back.
From the current market trend, the support below continues to focus on the vicinity of 2494, and the pressure above focuses on the vicinity of 2514-2530. Continue to rely on this range to sell high and buy low during the day. If it breaks through, trade with the trend.
BUY:2494near SL:2490
BUY2500near SL:2494
BUY:2514near SL:2510
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 2500-2450
Four-hour resistance 2514, support below 2500-2494
Gold operation suggestions: Gold fluctuated in the range yesterday and was shot down again at 2519. The slight rebound in the Asian and European sessions was under pressure at the 2519 mark, forming multiple suppressions. The European session fell down and broke through the 2500 integer mark to reach 2493 and stabilized and rebounded. After the news was released, the gold price quickly rose and pierced the 2519 mark and fell back.
From the current market trend, the support below continues to focus on the vicinity of 2494, and the pressure above focuses on the vicinity of 2514-2530. Continue to rely on this range to sell high and buy low during the day. If it breaks through, trade with the trend.
BUY:2494near SL:2490
BUY2500near SL:2494
BUY:2514near SL:2510
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
It rose from around 2500 to 2508.Trade active
Today's news summary, 5 minutes countdown. It is now at the key dividing line of 2500. Trade after the news is releasedTrade active
Today's news is bullish for gold, but the upward momentum is insufficient and it has not stabilized at 2500. The market will fall first and then rise later today . Click on my avatar and profile to see more analysis and signals Trade active
Just like what I shared, gold fell from 2498 to 2484✔️Trade active
Reach the long zone 2477~2485 Trade active
1. The 4H top and bottom conversion position is around 2475, which is also the suppression area of the previous triple top. A large number of long orders will support gold. If it stands firm at 2475 today, the rising channel is still valid.
2. If it closes below 2470 today, there is hope that a falling head and shoulders bottom pattern will be formed, and the market outlook is bearish
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