XAUUSD: 11/9 Today's Market Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2530, support below 2493
Gold operation suggestions: Yesterday, the technical side of gold fluctuated and stabilized at the 2500 mark, ushering in a strong bottoming out and rebounding for many days, and closed above resistance. The overall price of the daily chart continued the recent wide range of long and short fluctuations, and the moving average system also moved closer to the bulls. In the short term, it once again approached the previous high point, and whether it can continue to break through this time is still an unknown.
Today, the support below focuses on the 2500-05 area, and the pressure above focuses on the 2525-2530 area. This position is also an important breakthrough point in the European session, and the support below is maintained at the low point of 2500-2505, which was retreated many times yesterday. Once this position continues to break down, the short position in the later period will also be likely to continue to open up space, and the first target below is maintained near 2460-2470. The NY market also has CPI data, which is likely to change the entire situation again. Continue to rely on this range to maintain the rhythm of the layout of the long and short wide range of shocks.
BUY:2494near SL:2490
BUY:2510near SL:2505
Technical analysis only provides trading direction!
Daily resistance 2550, support below 2450
Four-hour resistance 2530, support below 2493
Gold operation suggestions: Yesterday, the technical side of gold fluctuated and stabilized at the 2500 mark, ushering in a strong bottoming out and rebounding for many days, and closed above resistance. The overall price of the daily chart continued the recent wide range of long and short fluctuations, and the moving average system also moved closer to the bulls. In the short term, it once again approached the previous high point, and whether it can continue to break through this time is still an unknown.
Today, the support below focuses on the 2500-05 area, and the pressure above focuses on the 2525-2530 area. This position is also an important breakthrough point in the European session, and the support below is maintained at the low point of 2500-2505, which was retreated many times yesterday. Once this position continues to break down, the short position in the later period will also be likely to continue to open up space, and the first target below is maintained near 2460-2470. The NY market also has CPI data, which is likely to change the entire situation again. Continue to rely on this range to maintain the rhythm of the layout of the long and short wide range of shocks.
BUY:2494near SL:2490
BUY:2510near SL:2505
Technical analysis only provides trading direction!
Trade active
Trade active
The analysis direction is correct, the highest price is 2522.36 and then it starts to fall. Fortunately, I got some profits. Trade closed manually
Wait for gold to run for a while and create a peak. If gold closes at a high level today, go long tomorrow. Then go short based on the highest point and Fibonacci retracement position.
Now 2530 is converted into support. If the closing price today is lower than 2530, it means that this wave of rise has ended, and you can go short tomorrow.
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