XAUUSD:8/1 gold market analysis
Updated
Gold technical chart daily pressure is 2053, with support below 2040-2000
Four-hour pressure 2053-2063, support below 2000
One-hour pressure 2044-2053, support below 2024
Operational suggestions: Gold NFP first fell and then rose on Friday. After breaking through the 2030 line, it began a substantial counterattack, and after touching the early decline point near 2063, it began to fall back. There was a large-scale sweep of long and short markets. Today, we will continue to pay attention to the 2040 dividing line at the hourly level. The price will continue to go long above the long-short dividing line and go short below!
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
Four-hour pressure 2053-2063, support below 2000
One-hour pressure 2044-2053, support below 2024
Operational suggestions: Gold NFP first fell and then rose on Friday. After breaking through the 2030 line, it began a substantial counterattack, and after touching the early decline point near 2063, it began to fall back. There was a large-scale sweep of long and short markets. Today, we will continue to pay attention to the 2040 dividing line at the hourly level. The price will continue to go long above the long-short dividing line and go short below!
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
Trade active
The downward trend remains unchanged, the rebound continues to sell Trade active
Trade active
The short trend is still strong, you can consider continuing to sell Trade active
The rise in the U.S. market is too strong Trade active
Trade active
Trade active
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