XAUUSD:15/8 Today's Market Analysis and Strategy
Updated
Gold technical analysis
Daily level upper resistance 2500 lower support 2418-2400
Four-hour upper resistance 2500 lower support 2439-2417
Gold operation suggestions: Yesterday, the technical side of gold slightly rose and pierced the 2478 mark after the release of CPI data in the evening, and then fell rapidly under pressure, reaching the lowest level near 2438. In the short term, the gold price will enter a short adjustment pattern.
From the current trend of gold, there is a rebound at the support level of 2437-2440 below. We continue to pay attention to the short-term suppression of 2457-2460 above. The intraday rebound relies on this position to look at the decline first. The lower target continues to pay attention to the new low. Before the daily level stabilizes at 2460, it is temporarily bearish.
SELL: 2461near SL: 2465
SELL: 2439near SL: 2443
BUY: 2401near SL: 2397
Technical analysis only provides trading direction!
Daily level upper resistance 2500 lower support 2418-2400
Four-hour upper resistance 2500 lower support 2439-2417
Gold operation suggestions: Yesterday, the technical side of gold slightly rose and pierced the 2478 mark after the release of CPI data in the evening, and then fell rapidly under pressure, reaching the lowest level near 2438. In the short term, the gold price will enter a short adjustment pattern.
From the current trend of gold, there is a rebound at the support level of 2437-2440 below. We continue to pay attention to the short-term suppression of 2457-2460 above. The intraday rebound relies on this position to look at the decline first. The lower target continues to pay attention to the new low. Before the daily level stabilizes at 2460, it is temporarily bearish.
SELL: 2461near SL: 2465
SELL: 2439near SL: 2443
BUY: 2401near SL: 2397
Technical analysis only provides trading direction!
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My analysis of the market direction was correct, but the market exceeded expectations a little bit, and it still fell sharply today. It's already $20Trade active
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Today's selling direction is profitable. 2450 second selling is profitable again. Welcome to check my work 
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