XAUUSD:18/7 Today's Market Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2500, support below 2400
Four-hour resistance 2500, support below 2452-40
Gold operation suggestions: From the perspective of 4-hour analysis, the support below continues to focus on the hourly top and bottom conversion position 2450-56. The bullish trend remains unchanged when the price falls back to this position. The upper target still focuses on breaking the new high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious.
BUY:2452near SL:2447
BUY:2440near SL:2435
Technical analysis only provides trading direction!
Daily resistance 2500, support below 2400
Four-hour resistance 2500, support below 2452-40
Gold operation suggestions: From the perspective of 4-hour analysis, the support below continues to focus on the hourly top and bottom conversion position 2450-56. The bullish trend remains unchanged when the price falls back to this position. The upper target still focuses on breaking the new high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious.
BUY:2452near SL:2447
BUY:2440near SL:2435
Technical analysis only provides trading direction!
Trade active
Latest resistance and support areas Note
The most active gold futures contract on COMEX was traded 1,166 times in one minute from 6:08 to 6:09 on July 19, NY time, with a total contract value of US$281 million. A large number of stop-loss orders appeared.
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