XAUUSD:17/5 Today’s Analysis and Strategy
Gold technical analysis
Daily resistance is 2400, support below is 2373-35
Four-hour resistance is 2400, support below is 2373
Gold operation suggestions: Yesterday, the technical aspects of gold surged rapidly in the Asian market and broke through the 2397 mark, ushering in a suppressed and volatile downward trend. The European market reversed for a second time and came under pressure of 2394, and fell back again. In the US market, the gold price continued to bear the influence of the initial unemployment claims data. It weakened again under the 2386 mark, and finally continued to decline to rebound and close around 2370. The overall price appeared under pressure below the 2400 integer mark. Yesterday, the European market opened down around 2392-94, which became a short-term strong resistance area.
Judging from the 4-hour trend of gold, the short-term support below is focused around 2370-73. The overall focus is on the 2370-2395 area to maintain selling high and buying low. The strong dividing line for short-term bulls focuses on the 2350 mark. The daily level has stabilized and bulls are still strong above this position. There is no important data today. Beware of unilateral market trends.
SELL:2397near SL:2341
BUY:2373near SL:2370
Technical analysis only provides trading direction!
Daily resistance is 2400, support below is 2373-35
Four-hour resistance is 2400, support below is 2373
Gold operation suggestions: Yesterday, the technical aspects of gold surged rapidly in the Asian market and broke through the 2397 mark, ushering in a suppressed and volatile downward trend. The European market reversed for a second time and came under pressure of 2394, and fell back again. In the US market, the gold price continued to bear the influence of the initial unemployment claims data. It weakened again under the 2386 mark, and finally continued to decline to rebound and close around 2370. The overall price appeared under pressure below the 2400 integer mark. Yesterday, the European market opened down around 2392-94, which became a short-term strong resistance area.
Judging from the 4-hour trend of gold, the short-term support below is focused around 2370-73. The overall focus is on the 2370-2395 area to maintain selling high and buying low. The strong dividing line for short-term bulls focuses on the 2350 mark. The daily level has stabilized and bulls are still strong above this position. There is no important data today. Beware of unilateral market trends.
SELL:2397near SL:2341
BUY:2373near SL:2370
Technical analysis only provides trading direction!
Trade active:
Typing error! Modify to SELL: 2397near SL: 2401
Trade active:
Scalping XAUUSD
BUY: 2383 near
SL:
TP1:2386 TP2:2389 TP3:2393
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BUY: 2383 near
SL:
TP1:2386 TP2:2389 TP3:2393
Click on my avatar and profile to see more analysis and signals
Trade active:
Trade active
Trade active:
Scalping XAUUSD
BUY: 2386 near
SL:2380
TP1: 2389 TP2:2382 TP3:2396
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BUY: 2386 near
SL:2380
TP1: 2389 TP2:2382 TP3:2396
Click on my avatar and profile to see more analysis and signals
Trade active:
The lower support is 2380, and the upper resistance is around 2395/2340.
Trade active:
Gold's rise is too fierce. It has risen straight up and reached a new high. It's running according to my chart.
Trade active:
Gold is expected to run in the 2320~2406 range for a period of time. The risk is too great. If you have any questions, please contact me.
Trade active:
The short-term support is 2405. Only after falling below will we see a greater decline. Don’t go short if it doesn’t break
Strong support is near 2396, which is also the current dividing line between long and short. Continue to be bullish at this level
Today, Friday, close all trades before the close to prevent big news from happening over the weekend
Strong support is near 2396, which is also the current dividing line between long and short. Continue to be bullish at this level
Today, Friday, close all trades before the close to prevent big news from happening over the weekend
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✅Daily market analysis
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✅More than 2000pips profit every month
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