Colin_analyze

GOLD-Range trading

Colin_analyze Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar

Western countries plan to quickly impose new sanctions on Iran to help dissuade Israel from a major escalation. Israel's war cabinet postponed until Wednesday a third meeting to discuss how to respond to Iran's first-ever direct attack, anticipating another expansion of the conflict. There is little data in the United States today. You need to continue to pay attention to the speeches of Federal Reserve officials and pay attention to the Federal Reserve's Beige Book of Economic Conditions.

From a technical point of view, the daily cycle is a strong unilateral, and the K-line closes on the unilateral moving average support. The support points of concern during the day are around 2372, 2363, and 2348, and the upper resistance range is around 2400-2405.

4H is a standard range oscillation. The support is near the Bollinger Band. The support of the 4H Bollinger Band is near 2372. This is the same as 1D. Therefore, you can wait until the support point is reached to buy today.

You can also choose to sell in the resistance range, SL: 2409, and control the position reasonably so that you can ensure your success rate. The market changes quickly, and real-time analysis is more important. If you think my analysis can help you, contact me

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