XAUUSD: 29/7 Today’s Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2400-30, support below 2370-2319
Four-hour resistance 2400, support below 2383-2370
Gold operation suggestions: Gold surged rapidly in the Asian session on Monday under the stimulation of risk aversion over the weekend, but gold did not really stand firm at 2400. It surged and fell above 2400 twice. 2400 is still the effective resistance of gold at present. The rise of gold in the Asian session was stimulated by the risk aversion news over the weekend. So we should pay attention to whether the rise of gold will continue today. Gold surged and fell twice in the Asian session. The Asian session has formed a weak suppression. Gold continues to go short at high points below the intraday high. The real market in the morning gave a short at 2400.
From the current trend, the support below today continues to focus on the 4-hour neckline at 2380, and the pressure above focuses on the vicinity of 2401. Relying on this range, the main tone of high-altitude and low-multiple cycles remains unchanged. Today's high point of 2401 is also the key watershed today. If the European session repeatedly suppresses this position, it can be directly shorted and continue to fall. The overall rhythm of long and short wide fluctuations is still maintained.
SELL:2380near SL:2383
SELL:2400near SL:2405
Technical analysis only provides trading direction!
Daily resistance 2400-30, support below 2370-2319
Four-hour resistance 2400, support below 2383-2370
Gold operation suggestions: Gold surged rapidly in the Asian session on Monday under the stimulation of risk aversion over the weekend, but gold did not really stand firm at 2400. It surged and fell above 2400 twice. 2400 is still the effective resistance of gold at present. The rise of gold in the Asian session was stimulated by the risk aversion news over the weekend. So we should pay attention to whether the rise of gold will continue today. Gold surged and fell twice in the Asian session. The Asian session has formed a weak suppression. Gold continues to go short at high points below the intraday high. The real market in the morning gave a short at 2400.
From the current trend, the support below today continues to focus on the 4-hour neckline at 2380, and the pressure above focuses on the vicinity of 2401. Relying on this range, the main tone of high-altitude and low-multiple cycles remains unchanged. Today's high point of 2401 is also the key watershed today. If the European session repeatedly suppresses this position, it can be directly shorted and continue to fall. The overall rhythm of long and short wide fluctuations is still maintained.
SELL:2380near SL:2383
SELL:2400near SL:2405
Technical analysis only provides trading direction!
Trade active
Arrived near the target Trade active
Second time selling, got scalp profit, welcome to check my work Trade active
Third SELLXAUUSD
SELL: 2393near
SL:2401
TP:2385~3380
Trade active
Close it now Small profits , no longer heldTrade active
Today the market fluctuated between 2385 and 2395, and the third sell signal ended with a profit of 30pips. Waiting for new arrangements Trade active
Gold runs in a narrow range15-minute chart support zone 2388~2385/resistance 2395near.
1H/4H resistance and support have not changed. Resistance 2400near/support 2383near.
Continue to follow 1H/4H resistance and support, you can try to sell high and buy low.
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Trade active
Buyers took advantage of the release of the Dallas Fed Business Activity Index in July to take profits. A large number of profitable orders were closed, so gold fell.Trade active
Trade active
Latest resistance and supportDaily resistance 2400-2430, support below 2370
Four-hour resistance 2400, support below 2380-70
Trade active
Sell below 4H resistance. Gold signal continues to take profit.☄️ Trade active
Trade active
First profit today, welcome to check my work Trade active
Trade active
Today we started to go long from 2405 and made profits twice .Click on my avatar and profile to see more analysis and signals 
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