XAUUSD: Analysis and Strategy for Today 19/9
Updated
Daily resistance 2600, support below 2500
Four-hour resistance 2600, support below 2566-2530
Gold operation suggestions: Yesterday, the Federal Reserve unexpectedly cut interest rates by 50 basis points and ushered in a high-level breakthrough of the 2600 mark, which was suppressed and fell back, and then fell and bottomed out. The overall price was blocked at the 2600 mark. Today, the decline was recovered but it did not break through 2600. Gold has generated periodic pressure above, and it may also form a large correction.
From the current trend of gold, the upper pressure of the daily four-hour level is at the 2600 integer mark, and the lower support of the daily line is 2500, near 2530 for four hours, and near 2566 for the hourly level. Today, the NY market operation strategy is to buy on dips, and observe whether 2600 can stand firm above.
BUY:2566near SL:2561
BUY:2530near SL:2526
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
Gold started to rebound from 2570 to 2578. If it goes to near 2566, the support may fail. Below, focus on the support position near 2559. You can go long when you reach the support position.
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