XAUUSD:26/2 Today's Market Analysis and Strategy
Technical analysis of gold
Daily chart resistance 3000, support below 2892
Four-hour chart resistance 2950, support below 2892-2888
1-hour chart resistance 2930, support below 2905
Gold operation suggestions: The moving average system of each period shows a short arrangement (suppression by the 30-minute and 4-hour moving averages), but the long-term moving averages at the daily level (100/200-day moving averages) are still upward, limiting the deep decline space.
The RSI indicator is close to the oversold area on the 4-hour chart, but has not yet formed a clear bottom divergence, so be alert to the demand for rebound correction.
Today's market is likely to run in the 2800-2936 range. If the gold price rebounds to around 2936 and encounters resistance, you can try to sell. You can buy after stabilizing near 2890, but be careful of the extreme decline after falling below 2888.
Buy: 2930~2936
Sell: 2890near
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Daily chart resistance 3000, support below 2892
Four-hour chart resistance 2950, support below 2892-2888
1-hour chart resistance 2930, support below 2905
Gold operation suggestions: The moving average system of each period shows a short arrangement (suppression by the 30-minute and 4-hour moving averages), but the long-term moving averages at the daily level (100/200-day moving averages) are still upward, limiting the deep decline space.
The RSI indicator is close to the oversold area on the 4-hour chart, but has not yet formed a clear bottom divergence, so be alert to the demand for rebound correction.
Today's market is likely to run in the 2800-2936 range. If the gold price rebounds to around 2936 and encounters resistance, you can try to sell. You can buy after stabilizing near 2890, but be careful of the extreme decline after falling below 2888.
Buy: 2930~2936
Sell: 2890near
Click my profile for more free sharing
Note
Correct the above error:
SELL:2930~2936
BUY:2890
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💥Telegram Channel Free Updates 👉🏻
💥t.me/Actuary00group
✉️Signal and daily analysis channel
💥t.me/Actuary00group
✉️Signal and daily analysis channel
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.