XAUUSD: 3/3 Today's Market Analysis and StrategyGold technical analysis
Daily chart resistance 2892-2930, support below 2850
Four-hour chart resistance 2876-2892, support below 2832
One-hour chart resistance 2876, support below 2860
Gold news analysis:
Last Friday, gold technical pressure 2884 mark further ushered in a very weak unilateral adjustment downward trend, Asian, European and American markets successively under pressure to fall and fluctuate downward, the US market accelerated downward to break through the 2840 mark to reach 2832 and began to rebound, closing near 2860, closing with a decline for two consecutive trading days, short-term gold price encountered resistance at the 2950 mark ushered in a daily level adjustment, today's Asian market opened under the influence of weekend news, gold price quickly rushed up to pierce the 2876 mark, and then fell into a shock consolidation.
Gold operation suggestions: Today's upper short-term resistance is 2876-2892. Any rebound before the daily level breaks through and stabilizes at 2892 is a short-selling opportunity. Pay attention to the lower low support around 2825-30. Overall, rely on this range to participate in high selling and low buying, and wait patiently for key points to enter the market.
Sell: 2870near SL: 2875
Sell: 2892near SL: 2897
Use small size to control risk