XAUUSD: 23/7 Today's Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2483, support below 2400-2350
Four-hour resistance 2412, support below 2380-2350
Gold operation suggestions: Yesterday, the technical side of gold quickly rose to the 2412 mark in the early trading, and then fell back. Before and after the US trading, the gold price rebounded for the second time and was under pressure at the 2408 line, and then fell back and broke the bottom. Finally, the gold price continued to fall to the 2383 mark and rebounded and fluctuated to close. The overall price fell into a long-short battle around the 2400 mark. After experiencing a continuous decline and sharp drop last week, the gold price is expected to enter a long-short shock repair pattern in the short term.
Judging from the current trend, today's support continues to focus on the 2380 mark, and the upper pressure focuses on the vicinity of 2412. Short selling will be based on the pressure near 2412.
SELL: Near 2412
SELL: Near 2420
Technical analysis only provides trading direction!
Daily resistance 2483, support below 2400-2350
Four-hour resistance 2412, support below 2380-2350
Gold operation suggestions: Yesterday, the technical side of gold quickly rose to the 2412 mark in the early trading, and then fell back. Before and after the US trading, the gold price rebounded for the second time and was under pressure at the 2408 line, and then fell back and broke the bottom. Finally, the gold price continued to fall to the 2383 mark and rebounded and fluctuated to close. The overall price fell into a long-short battle around the 2400 mark. After experiencing a continuous decline and sharp drop last week, the gold price is expected to enter a long-short shock repair pattern in the short term.
Judging from the current trend, today's support continues to focus on the 2380 mark, and the upper pressure focuses on the vicinity of 2412. Short selling will be based on the pressure near 2412.
SELL: Near 2412
SELL: Near 2420
Technical analysis only provides trading direction!
Trade active
If the market stabilizes at 2412, it will form a double bottom bullish pattern. It may reach 2430~2450 this week. If it fails to break through, it will continue to run in a range.Trade active
We sold around 2420 and have made a profit of 40pips. Asian markets move slowly, put money in your pocket 
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