XAUUSD:12/6 Today’s Analysis and Strategy

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Gold technical analysis
Daily resistance 2340-70, support 2277
Four-hour resistance 2328-2340, support 2307-2277

Gold operation suggestions: Gold will continue to pay attention to the pressure near 2340 and 2370 during the day. As long as the market continues to run below this price, the overall structural trend will still be weak. Pay attention to the competition between long and short positions near 2277 during the day. Subjectively, we still expect gold to break this support again under the influence of fundamentals, bringing a new round of mid-line downward trend, but it is not easy to judge whether it can be established from a technical point of view. This requires attention to the impact of today's US CPI data and the Fed's interest rate decision.

Today, the lower support continues to focus on 2305-2307. If it falls back during the day, we will continue to be bullish. The upper pressure will be around 2328. Today, we will rely on this range to maintain high selling and low buying. In the short term, the gold price is expected to continue to exchange time for space to maintain the rhythm of wide range of fluctuations between bulls and bears. Before further breaking through the 2270 mark, we will maintain the range fluctuation approach.

SELL:2328 near SL:2331
SELL:2340 near SL:2345
BUY:2277 near SL:2274

Technical analysis only provides trading direction!
snapshot
Transaction en cours
XAUUSD
BUY: 2326near
SL:2315.5
TP:2238
Transaction en cours
CPI data is favorable for gold

Gold first fell from 2328 to 2322. Short sellers took profits

It rose to around 2338 under the stimulus of bullish sentiment. I believe everyone has made a huge profit snapshot
Transaction en cours
Reach target 2338
Transaction en cours
Transaction en cours
Gold price is in line with expectations and started to fall around 2340. Click on my avatar and profile to see more analysis and signals
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