XAUUSD: 12/7 Today’s Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2450, support below 2400-2370
Four-hour resistance 2424, support below 2395-78
Gold operation suggestions: Gold continued its bullish trend yesterday. Under the influence of the positive CPI data, the gold price accelerated its rise and broke through the 2400 integer mark in the US market, and then continued to rise to around 2424.
The overall gold price broke through and stood above the 2400 integer mark to completely open up the upward space. Today's lower support focuses on the second low point of 2395 in the US market yesterday. This position is also the short-term bullish strong dividing line. The intraday retracement relies on this position to defend and continue to follow the trend. The upper target continues to focus on breaking the high. Before the daily level falls below this position, short orders will not be involved, and keep following the trend.
BUY:2395near
BUY:2378near
BUY:2370near
Technical analysis only provides trading direction!
Daily resistance 2450, support below 2400-2370
Four-hour resistance 2424, support below 2395-78
Gold operation suggestions: Gold continued its bullish trend yesterday. Under the influence of the positive CPI data, the gold price accelerated its rise and broke through the 2400 integer mark in the US market, and then continued to rise to around 2424.
The overall gold price broke through and stood above the 2400 integer mark to completely open up the upward space. Today's lower support focuses on the second low point of 2395 in the US market yesterday. This position is also the short-term bullish strong dividing line. The intraday retracement relies on this position to defend and continue to follow the trend. The upper target continues to focus on breaking the high. Before the daily level falls below this position, short orders will not be involved, and keep following the trend.
BUY:2395near
BUY:2378near
BUY:2370near
Technical analysis only provides trading direction!
Trade active
Today's market analysis and strategy. Going long based on resistance and support has been profitable, welcome to check my work. Trade active
Trade active
Latest resistance and support Trade active
The latest resistance and support range. Asian markets are expected to run sideways in a small range Trade active
The resistance and support charts shared this morning can be used as a reference. We sell to take profit.Click on my avatar and profile to see more analysis and signals Trade active
The 1H support area moves up to 2407~2412, and the 4H support line moves up to 2401 Trade active
The latest 1H/4H support has moved up to 2412. There is no resistance area confirmed above, and we need to pay attention to today's highest point of 2440.
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