XAUUSD: Strategy and Analysis for June 10

6月10日

Gold technical analysis
Daily chart resistance level 3360, support level 3270
Four-hour chart resistance level 3340, support level 3290
One-hour chart resistance level 3327, support level 3303.

The key support level of gold at the opening of 3310 has been broken. The price repeatedly stabilized at the 3310 line yesterday, forming a narrow range of fluctuations in the 3310-3320 range. The previous slow rise had formed a step-by-step upward structure. At present, this structure has been broken as the price fell below 3310, because the downward pattern formed last Friday has been completed. Next, we need to pay attention to whether the market will start a daily decline.

Short-term ideas for Tuesday: Refer to the previous intensive trading area 3310~3320 price area, combined with the 15-minute level adjustment K-line pattern to find an opportunity to sell. The first key support position for the decline is 3290. If it falls below the support, the trend continues and may reach the 3250~3260 range.

6月10日

交易進行

The Ukrainian capital suffered the most violent airstrike since the outbreak of the conflict, and the large-scale riots in Los Angeles, USA, attracted some safe-haven buying to support the gold price.

After gold broke through the resistance of the 1H chart, the previous decline of 3326 has turned into support. Stabilize at this position and look bullish. Pay attention to the continuity of the rise in the European session.

Buy above 3326, short-term target 3338~3345

6月10日

註釋

This buying strategy has a minimum of 3327 and now it is 3336, a small profit

6月10日

交易結束：目標達成

Buy and then sell, Welcome to check my work