XAUUSD: 1/8 Today's Market Analysis and Strategy
Updated
Technical analysis of gold
Daily resistance 2451-70, support below 2401-2370
Four-hour resistance 2451-70, support below 2419
Gold operation suggestions: Under the influence of interest rate decision and Powell's speech, the bulls went all out and stopped at around 2458. The impact of news is often unknown, so we try not to participate.
Currently, gold is consolidating in a narrow range near 2443. From the current market trend analysis, today's support below is around 2419, the top and bottom conversion position of 4 hours, and the upper pressure is 2470-75. The market below 2451 can be seen in the range of 2451-2419. The overall market continues to rely on this range to sell high and buy low.
SELL: 2451near SL: 2455
SELL: 2470near SL: 2474
Technical analysis only provides trading direction!
Daily resistance 2451-70, support below 2401-2370
Four-hour resistance 2451-70, support below 2419
Gold operation suggestions: Under the influence of interest rate decision and Powell's speech, the bulls went all out and stopped at around 2458. The impact of news is often unknown, so we try not to participate.
Currently, gold is consolidating in a narrow range near 2443. From the current market trend analysis, today's support below is around 2419, the top and bottom conversion position of 4 hours, and the upper pressure is 2470-75. The market below 2451 can be seen in the range of 2451-2419. The overall market continues to rely on this range to sell high and buy low.
SELL: 2451near SL: 2455
SELL: 2470near SL: 2474
Technical analysis only provides trading direction!
Trade active
152/30M chart turns strong and bearish, sell for profit 
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