Gold technical analysis Daily resistance 2400, support below 2370-2329 Four-hour resistance 2380-2400, support below 2350-29
Gold operation suggestions: Yesterday, the technical price of gold rose first and then fell. The price rebounded and rebounded in the Asian and European sessions relying on the 2409 mark. The US session accelerated to break through the 2431 mark and then fell rapidly. The gold price fell successively and broke through the two integer marks of 2420 and 2410, and finally accelerated to break through the 2400-point integer mark and reached a weak closing near 2392. The overall price showed a suppression and resistance pattern at the 2430 mark. The short-term gold price rebound officially came to an end. Today, the upper short-term resistance focuses on the 2410 mark, the top and bottom conversion position of the hourly line yesterday. The intraday pullback relies on this position to continue to go short first and look for a decline.
From the current market situation, the target position below continues to focus on breaking the bottom. The short-term gold price long and short strength watershed focuses on the 2430 line. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Maintain the main tone of participating in the trend.
SELL: 2380near SL: 2383 SELL: 2400near SL: 2405
Please do not use this strategy when news is released.
Technical analysis only provides trading direction!
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A lot of news will be released in 6 minutes
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Latest resistance and support updates. 1H resistance around 2370 4H resistance around 2380 Lower support 2350~2342 range. You can try to sell high and buy low in the resistance and support range, just for reference of trading direction. Click on my avatar and profile to see more analysis and signals
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Gold rose directly and broke through the 1H resistance of 2370. It started to fall at the 4H resistance of 2380. But it has not stabilized yet. Now the 2370~2380 range is only suitable for scalping. There is no direction for long and short. Wait for breaking through 2370/2380 and stabilizing before trading. Click on my avatar and profile to see more analysis and signals
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