XAUUSD: 3/9 Today's Market Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2501, support below 2490
Gold operation suggestions: Yesterday, gold fell rapidly downward in the Asian session, pierced the 2500 mark and quickly rebounded near the 2490 mark, and fell into a shock consolidation. In the European session, it once rebounded upward and pierced the 2507 mark, suppressed and fell into a sideways shock. Because the NY market was closed yesterday, it ran in a narrow range. The overall price showed a shock consolidation below the 2515 mark. Gold still has a multiple top structure in 4 hours. The moving average resistance has now moved down to the line near 2507. Gold rebounded below 2507 and continued to be short at highs. Gold shorts have not ended yet. Gold rebounds are opportunities for shorts. Gold is now building a top structure. Once formed, the decline of gold has just begun.
From the 4-hour analysis, today's upper resistance focuses on the opening of yesterday's decline at 2507-12. The intraday rebound relies on this position to continue to fall back. The lower target continues to look at a new low. The short-term gold price long and short strength watershed focuses on the 2515 mark. Before the daily level breaks through and stands on this position, maintain a short-selling strategy.
BUY:2490near SL:2486
SELL:2508near SL:2511
SELL:2525near SL:2529
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 2450
Four-hour resistance 2501, support below 2490
Gold operation suggestions: Yesterday, gold fell rapidly downward in the Asian session, pierced the 2500 mark and quickly rebounded near the 2490 mark, and fell into a shock consolidation. In the European session, it once rebounded upward and pierced the 2507 mark, suppressed and fell into a sideways shock. Because the NY market was closed yesterday, it ran in a narrow range. The overall price showed a shock consolidation below the 2515 mark. Gold still has a multiple top structure in 4 hours. The moving average resistance has now moved down to the line near 2507. Gold rebounded below 2507 and continued to be short at highs. Gold shorts have not ended yet. Gold rebounds are opportunities for shorts. Gold is now building a top structure. Once formed, the decline of gold has just begun.
From the 4-hour analysis, today's upper resistance focuses on the opening of yesterday's decline at 2507-12. The intraday rebound relies on this position to continue to fall back. The lower target continues to look at a new low. The short-term gold price long and short strength watershed focuses on the 2515 mark. Before the daily level breaks through and stands on this position, maintain a short-selling strategy.
BUY:2490near SL:2486
SELL:2508near SL:2511
SELL:2525near SL:2529
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
Did you follow my sell signal today? The highest was 2506.4. I have to sold after the falling signal appeared. And 2502 set BE now.Trade active
Set BE and running Trade active
Minimum 2493. Before the news was released, the market was in a tug of war between bulls and bears.Trade active
Gold is moving in the same direction as the chart I shared this morning, and we are once again selling and holding on to our profits. 
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