Technical analysis of gold Daily resistance 2307-40, support below 2277 Four-hour resistance 2307-2340, support below 2277
Gold operation suggestions: Last Friday, the overall technical side of gold prices fell under pressure at the 2387 mark. The European session broke through the two integer mark supports of 2350 and 2340. Finally, under the negative influence of NFP data, the gold price fell straight down and broke through the 2300 integer mark in the US session, and closed near the intraday low of 2386. After nearly three weeks of repeated fluctuations around the 2315 mark, the overall price ushered in a short-seller pressure and fell to a new low. The short-term and medium-term moving averages completely entered the short-term pattern, and the short-term downward space was completely opened.
From the daily line analysis, today's upper short-term resistance is focused on 2307-2310. If it rebounds to this position during the day, it will continue to fall. The lower target continues to look at a new low. The short-term short-term weakness dividing line focuses on the 2340 line. Any pullback before the daily level breaks through and stands on this position is a short-selling opportunity.
SELL:2340 near SL:2343 SELL:2307 near SL:2310 BUY:2277 near SL:2274
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The direction is correct today, go long after the breakthrough
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XAUUSD BUY: 2304near SL:2294 TP:2315
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XAUUSD BUY: 2309near SL:2298 TP:2319 TP2:2325
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