XAUUSD: 23/12 Market Analysis and Strategy
Mis à jour
Gold technical analysis
Daily resistance 2660, support below 2580
Four-hour resistance 2650, support below 2600
Gold operation suggestions: Last Friday, the overall technical side of gold ushered in a wide range of long and short shocks. After the continuous decline and plunge on Thursday, the previous day, breaking the 2600 mark, it rebounded slightly throughout the day on Friday. It ushered in an accelerated high breakthrough before and after the US market and stood above the 2610 mark to continue the bullish rebound. It closed near 2622 last Friday. Today, gold opened in the Asian session and was not strong. It began to fluctuate. Gold has not had a unilateral market for the time being.
From the 4-hour analysis, today's short-term support below is around 2627, focusing on the 2600 first-line support, and the upper pressure is around 2650-60. It is bullish above the 2627 daily level long-short watershed. Because Christmas is coming soon, gold can be bought on dips.
BUY:2627near
BUY:2622near
Technical analysis only provides trading direction!
Daily resistance 2660, support below 2580
Four-hour resistance 2650, support below 2600
Gold operation suggestions: Last Friday, the overall technical side of gold ushered in a wide range of long and short shocks. After the continuous decline and plunge on Thursday, the previous day, breaking the 2600 mark, it rebounded slightly throughout the day on Friday. It ushered in an accelerated high breakthrough before and after the US market and stood above the 2610 mark to continue the bullish rebound. It closed near 2622 last Friday. Today, gold opened in the Asian session and was not strong. It began to fluctuate. Gold has not had a unilateral market for the time being.
From the 4-hour analysis, today's short-term support below is around 2627, focusing on the 2600 first-line support, and the upper pressure is around 2650-60. It is bullish above the 2627 daily level long-short watershed. Because Christmas is coming soon, gold can be bought on dips.
BUY:2627near
BUY:2622near
Technical analysis only provides trading direction!
Trade fermée manuellement
Today's market analysis: Gold 1-hour price hit 2632 twice yesterday and then fell. A double top has been formed in the short term, indicating that the shorts are under downward pressure. This area is not only the consolidation low before the Fed's decision last Thursday, but also basically near the high point of last Friday. The top of the 1-hour red candle is also here. It can be said that there are many resistances. There was no breakthrough after several attacks here yesterday. The gold price is firmly below the daily Bollinger Bands. Today's market rebound continues to sell.
Finally, yesterday's high to 2632~36 area was suppressed and fell sharply. So today's gold will continue to focus on the suppression of 2632/36 area. Before breaking through this resistance, continue to sell at the rebound high. The entry position can refer to the rebound close to yesterday's high point 2633. Of course, it is still based on the actual market. Observe the strength of gold rebound. If the strength is not strong, then change the strategy to rely on yesterday's high point 2633 to make a stop loss. In view of the last wave of the hourly line yesterday, the starting point of 2620 suppressed the gold rebound. Radicals may as well sell directly in the 2620~25 area to see the strength of the decline. As for the long-order strategy, continue to pay attention to the support of 2600. The focus of the day will be mainly on rebound selling.
In terms of intraday operations, gold 2607 stopped falling and rebounded as expected. It is currently at 2617. Then choose to go short below yesterday's high point 2633. Sell when the rebound reaches 2630, and the target is 2608; if 2600 is not broken, you can find an opportunity to buy.
Note
Today, due to the early market closure due to the holiday, the operating range is smaller and gold has fallen by $8 from 2621.
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