XAUUSD: 16/8 Today's Market Analysis and Strategy
Gold technical analysis
Daily resistance 2500, support below 2418-2400
Four-hour resistance 2461, support below 2439-2417
Gold operation suggestions: Yesterday, gold technicals continued to fluctuate widely, with the price of Asian and European sessions slightly fluctuating and rebounding at the 2448 mark, and then fluctuated upward to break through the 2460 mark and continue to rise. After the NY market opened, the data was negative and the US dollar index rose, and gold started to fall from the highest 2470 to 2432.
From the current trend of gold, the overall price of gold has repeatedly fluctuated widely around 2430-2470, and the volatility has intensified, and the operation risk has also increased at any time. Today, the short-term support below is still focused on the 2439 line, and the upper pressure is around 2461-2470. Continue to rely on this range to sell high and buy low during the day.
SELL:2461near SL:2465
SELL:2439near SL:2443
BUY:2401near SL:2397
Technical analysis only provides trading direction!
Daily resistance 2500, support below 2418-2400
Four-hour resistance 2461, support below 2439-2417
Gold operation suggestions: Yesterday, gold technicals continued to fluctuate widely, with the price of Asian and European sessions slightly fluctuating and rebounding at the 2448 mark, and then fluctuated upward to break through the 2460 mark and continue to rise. After the NY market opened, the data was negative and the US dollar index rose, and gold started to fall from the highest 2470 to 2432.
From the current trend of gold, the overall price of gold has repeatedly fluctuated widely around 2430-2470, and the volatility has intensified, and the operation risk has also increased at any time. Today, the short-term support below is still focused on the 2439 line, and the upper pressure is around 2461-2470. Continue to rely on this range to sell high and buy low during the day.
SELL:2461near SL:2465
SELL:2439near SL:2443
BUY:2401near SL:2397
Technical analysis only provides trading direction!
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