XAUUSD: 13/8 Today's Market Analysis and Strategy
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Gold technical analysis
Daily resistance 2500, support below 2418-00
Four-hour resistance 2500, support below 2459-2439
Gold operation suggestions: There are too many uncontrollable news about gold in the near future. Yesterday's Middle East news stimulated risk aversion, and gold reached 2477.
From the current market trend, the support below is moved up to the previous highs of 2459-2439. If the bulls are established for the second time, this position is also likely to get the top and bottom conversion effect again. The focus is still on the strength of today's European session. If the European session is relatively strong, the upward trend can still continue before the US session. The upper target is the previous high, and the previous high is maintained near 2483 and 2477. This wave of upward movement is also likely to form a triple top pattern, thereby reshuffling the market on a large scale for longs and shorts, and the key suppression area above will also be maintained near the high point.
Key point: You can try to go long at the one-hour 2459 and four-hour 2439 supports, but you must set a small SL for going long. Beware of extreme market declines like waterfalls.
BUY:2459near SL:2455
BUY:2439near SL:2434
BUY:2401near SL:2397
Technical analysis only provides trading direction!
Daily resistance 2500, support below 2418-00
Four-hour resistance 2500, support below 2459-2439
Gold operation suggestions: There are too many uncontrollable news about gold in the near future. Yesterday's Middle East news stimulated risk aversion, and gold reached 2477.
From the current market trend, the support below is moved up to the previous highs of 2459-2439. If the bulls are established for the second time, this position is also likely to get the top and bottom conversion effect again. The focus is still on the strength of today's European session. If the European session is relatively strong, the upward trend can still continue before the US session. The upper target is the previous high, and the previous high is maintained near 2483 and 2477. This wave of upward movement is also likely to form a triple top pattern, thereby reshuffling the market on a large scale for longs and shorts, and the key suppression area above will also be maintained near the high point.
Key point: You can try to go long at the one-hour 2459 and four-hour 2439 supports, but you must set a small SL for going long. Beware of extreme market declines like waterfalls.
BUY:2459near SL:2455
BUY:2439near SL:2434
BUY:2401near SL:2397
Technical analysis only provides trading direction!
Trade attivo
Running to 40pipsTrade attivo
2466 now running to 70pipsTrade attivo
2472 now. Profit 130pips, take profit and exitTrade attivo
Today, as risk aversion subsides, the market will definitely experience long and short swings. So I can do both long and short positions.Click on my avatar and profile to see more analysis and signals
Trade attivo
Gold is fluctuating. Waiting for 2477 to break through, or 2459 to break, the trend will continueTrade attivo
Jiesse kindly reminds you: Don’t choose high-frequency scalping transactions. Wasting a lot of time will make you anxious and crazy, and finally lose yourself, your job and your good life. Don't believe those signals that tell you TP when you make 20 pipsTrade attivo
As per usual, I will avoid trading during CPI and NFP news releases. Good luck everyone!
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✅Free Analysis and Signals
✅Technical Support
✅profit cooperation
t.me/Makemorecoins
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