XAUUSD:10/7 Today’s Analysis and Strategy/Signal Updates
Updated
Gold technical analysis
Daily resistance 2375-2400, support below 2350
Four-hour resistance 2375, support below 2361-50
Gold operation suggestions: Yesterday, the overall technical side of gold fluctuated around the 2350-2375 area. The price of the Asian and European sessions rebounded slightly and fell back under pressure at the 2368 mark. The US session accelerated to break through the 2371 line and fell again under pressure. Finally, it quickly stepped down and broke through the 2350 mark, then stabilized and began to rebound. The daily chart rose slightly. The overall price showed a wide range of long and short fluctuations above the 2350 mark. In the short term, the gold price is likely to continue to alternate between long and short.
From the 4-hour gold trend, today's lower support continues to focus on yesterday's low of 2350, and the upper pressure focuses on 2370-2375. Sell high and buy low during the day, and wait for the range to break before following the transaction.
SELL: 2375 near SL: 2380
BUY: 2370 near SL: 2365
BUY: 2350 near SL: 2345
Technical analysis only provides trading direction!
Daily resistance 2375-2400, support below 2350
Four-hour resistance 2375, support below 2361-50
Gold operation suggestions: Yesterday, the overall technical side of gold fluctuated around the 2350-2375 area. The price of the Asian and European sessions rebounded slightly and fell back under pressure at the 2368 mark. The US session accelerated to break through the 2371 line and fell again under pressure. Finally, it quickly stepped down and broke through the 2350 mark, then stabilized and began to rebound. The daily chart rose slightly. The overall price showed a wide range of long and short fluctuations above the 2350 mark. In the short term, the gold price is likely to continue to alternate between long and short.
From the 4-hour gold trend, today's lower support continues to focus on yesterday's low of 2350, and the upper pressure focuses on 2370-2375. Sell high and buy low during the day, and wait for the range to break before following the transaction.
SELL: 2375 near SL: 2380
BUY: 2370 near SL: 2365
BUY: 2350 near SL: 2345
Technical analysis only provides trading direction!
Note
Running sideways, waiting for a breakthrough or returning to below 2370Trade active
Trade active
Latest resistance and supportAfter breaking through 2375, it has been converted into a 1H support area
Trade active
There is a lot of news today, please trade with cautionTrade active
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