XAUUSD:31/7: How should gold be traded today?
Updated
Gold technical analysis
Daily resistance 2446, lower support 2401-2370
4 hour resistance 2430, lower support 2401
Gold operation suggestions: Yesterday, the technical side of gold slightly stepped down and stabilized at the 2376 mark in the Asian session, ushering in a bullish shock upward rebound, and then further stretched to the 2392 mark and fell into sideways shock. The US session stepped down and stabilized at the 2383 line for the second time, ushering in a strong bullish rise and breaking the previous high. Finally, the gold price stood strongly above the 2400 mark and continued to stretch to 2412 to close. The overall price was supported and stabilized at the 2376 mark, ushering in a strong bullish rebound, and the gold price returned to the wide range of long and short shocks.
From the current trend, today's lower support continues to focus on yesterday's hourly neckline near 2392-94, and the upper pressure focuses on the first pressure near 2430 and the second 2446. Sell high and buy low in this range first during the day.
SELL:2446near SL:2450
SELL:2430near SL:2433
Technical analysis only provides trading direction!
Daily resistance 2446, lower support 2401-2370
4 hour resistance 2430, lower support 2401
Gold operation suggestions: Yesterday, the technical side of gold slightly stepped down and stabilized at the 2376 mark in the Asian session, ushering in a bullish shock upward rebound, and then further stretched to the 2392 mark and fell into sideways shock. The US session stepped down and stabilized at the 2383 line for the second time, ushering in a strong bullish rise and breaking the previous high. Finally, the gold price stood strongly above the 2400 mark and continued to stretch to 2412 to close. The overall price was supported and stabilized at the 2376 mark, ushering in a strong bullish rebound, and the gold price returned to the wide range of long and short shocks.
From the current trend, today's lower support continues to focus on yesterday's hourly neckline near 2392-94, and the upper pressure focuses on the first pressure near 2430 and the second 2446. Sell high and buy low in this range first during the day.
SELL:2446near SL:2450
SELL:2430near SL:2433
Technical analysis only provides trading direction!
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XAUUSD BUY: 2416 near
SL:2409
TP:2423~2428
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We bought gold on dips below 2430 and made profits on all three occasions Trade active
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ADP employment data will be released in 7 minutes. There are a lot of big news today. It will have a big impact on DXY, so trade gold with caution!Trade active
There are still 4 hours before the Fed's interest rate decision and Powell's monetary policy press conference. As usual, stop trading gold. Control our desires and leave the market to gamblers.Trade active
Although the interest rate decision expectations remain unchanged, the focus of Powell's speech is on clues about the Fed's September rate cut.Compared with previous policy statements, any changes in the wording, tone, and adjectives of the rate cut in this statement will have a great impact on the US dollar index, and then affect the earthquake in the gold market.
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It's a new day, I wish you all good luck and make more moneyTrade active
XAUUSD BUY: 2440near
SL:2433
TP:2450near
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