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XAUUSD: 8/8 Today’s Market Analysis and Strategy

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Technical analysis of gold
Daily resistance 2401-2458, support below 2376
Four-hour resistance 2425, support below 2383

Gold operation suggestions: Yesterday, gold rose and fell, and the highest rebound was blocked at 2406.60. It fell to the 2380 line at the end of the trading day and began to rebound. The daily line is still in a high-level bull-bear tug-of-war oscillation, and the small cycle tends to fall back..

The overall price fell under pressure at the 2406 mark for the second time, continuing the recent suppression of the short-selling pattern. Today, the upper resistance continues to focus on 2401-03. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target is still concerned about breaking the previous bottom. The short-term bull-bear strength and weakness dividing line focuses on the 2401 mark. Before the daily level breaks through and stands firm at this position, the priority selling direction remains unchanged.

SELL:2425near SL:2430

SELL:2410near SL:2415

Technical analysis only provides trading direction!
snapshot
Transaction en cours
2410now
Transaction en cours
I hope my analysis today will help you respond correctly and make a profit of 50 pips. Click on my avatar and profile to see more analysis and signals snapshot
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2404. You missed a profit signal of 80pips. Click on my avatar and profile to see more analysis and signals
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The lowest is 2402. I hope you will make short profits in the same direction as me. If the market stands firm at 2401 today, it will turn into a bullish trend. Let's observe the reaction of gold.
Transaction en cours
2416 Now, I hope today's analysis has helped you if you follow it. Today's maximum profit is about 200pips.Click on my avatar and profile to see more analysis and signals
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Latest resistance and support update
1H resistance zone is around 2425
2400near converted to 1H support
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snapshot

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