XAUUSD: 13/9 Today's Market Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2590, support below 2530
Four-hour resistance 2575, support below 2544
As the saying goes, the longer the horizontal line, the higher the vertical line. After a long period of box consolidation, the gold price broke upward and refreshed the historical high of 2531. It is emphasized that after the break of 2531, it is time to go all out to be bullish on gold. Don't have any more empty thoughts. The current market is bullish in multiple cycles. Whether it is the weekly, daily, or 4-hour lines, it is an absolute bullish trend. There is no doubt that we will continue to go long during the day. There is nothing to say. Just don't think about guessing where the top is for the time being.
As for the intraday long position, after accelerating higher yesterday, it still maintained a strong upward trend today. The overnight low was at 2544, and today's Asian session low was at 2556. Pay attention to these two support points during the day. If you want to maintain an extremely strong long position, the starting point of 2556 cannot be broken. You can try to go long when it falls back during the day to near 2556. Today's bullish thinking can be maintained until 10 am in the U.S. market. Technical profit-taking may occur after 10 am, the last trading day of this week, but remember to only go long and not short, and follow the trend!
BUY:2556near
BUY:2544near
SELL:2590near
Technical analysis only provides trading direction!
Daily resistance 2590, support below 2530
Four-hour resistance 2575, support below 2544
As the saying goes, the longer the horizontal line, the higher the vertical line. After a long period of box consolidation, the gold price broke upward and refreshed the historical high of 2531. It is emphasized that after the break of 2531, it is time to go all out to be bullish on gold. Don't have any more empty thoughts. The current market is bullish in multiple cycles. Whether it is the weekly, daily, or 4-hour lines, it is an absolute bullish trend. There is no doubt that we will continue to go long during the day. There is nothing to say. Just don't think about guessing where the top is for the time being.
As for the intraday long position, after accelerating higher yesterday, it still maintained a strong upward trend today. The overnight low was at 2544, and today's Asian session low was at 2556. Pay attention to these two support points during the day. If you want to maintain an extremely strong long position, the starting point of 2556 cannot be broken. You can try to go long when it falls back during the day to near 2556. Today's bullish thinking can be maintained until 10 am in the U.S. market. Technical profit-taking may occur after 10 am, the last trading day of this week, but remember to only go long and not short, and follow the trend!
BUY:2556near
BUY:2544near
SELL:2590near
Technical analysis only provides trading direction!
Trade active
Sell for a profit today. I will continue sharing next week. Trade active
Upper resistance 2591/2600. Lower support 2573/2563
This week, the US, UK, and Japanese central banks announced interest rate decisions. The Fed is expected to cut interest rates by 25 basis points. Before that, I still took a long position at a low price. Short selling can only be done quickly in and out to avoid getting stuck.
I will resume daily analysis and signal sharing following the rate decision.
Trade active
Today, sell high and buy low, pay attention to the 2570~2590 range. The first signal has already made a profit Trade active
The upper resistance is around 2589. The lower support is 2575/2568. We prioritize the idea of shorting on rebounds. Before the Fed’s interest rate decision, we trade in the range of 2590~2570, selling high and buying low.
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✅Technical Support
✅profit cooperation
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