XAUUSD: Sell at 2404-2416
Updated
https://www.tradingview.com/x/E6BJUU70/
The 4h chart shows that bulls currently have the advantage, but on the 30M chart, it is currently in the resistance range of 2396-2404. If it cannot break through, it will fall back to the 2384-2373 range.
If the range support is effective, you can continue to go long and pay attention to the resistance of 2396-2404 again. If it breaks through, consider 2409-2416.
The 4h chart shows that bulls currently have the advantage, but on the 30M chart, it is currently in the resistance range of 2396-2404. If it cannot break through, it will fall back to the 2384-2373 range.
If the range support is effective, you can continue to go long and pay attention to the resistance of 2396-2404 again. If it breaks through, consider 2409-2416.
Trade active
it gained some supportTrade active
Before there is a breakthrough, trade around the 2389-2378 range. If it breaks upward, focus on the resistance of 2392-2396. If it falls below, focus on the support of 2373-2366.The 2h chart is currently a short trend, so the focus is to observe the resistance. If the resistance cannot be broken, causing the trend to reverse, then the probability of falling below 2360 today is relatively high.
Trade active
It found support at 2373 and then started to rise. Watch for resistance in the 2398-2404 range.Trade active
Backtest supportTrade active
After completing the backtest, it rises again. If it cannot break through, what awaits it will be a sharp drop.Trade active
There is no breakthrough resistance and a sharp decline begins.Trade active
Gold has tried the resistance range of 2396-2398 many times, but still failed to break through. A double top has appeared in the form.Gold has tried the resistance range of 2396-2398 many times, but still failed to break through. A double top has appeared in the form.
Trade active
Gold has tried the resistance range of 2396-2398 many times, but still failed to break through. A double top has appeared in the form.
Trade active
Arrive at 2366Trade active
Pay attention to the resistance near 2381, go short if it cannot break through, and target 2358-2333.Trade active
It is trying to break through the resistance. Friends who hold short orders, be careful about your accounts. If you cannot bear the risk that it may reach around 2413, close it early.
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.