XAUUSD: 4/2 Today’s Market Analysis and Strategy

Gold technical analysis
Daily resistance 2850, support below 2746
Four-hour resistance 2830, support below 2800

Gold operation suggestions: Yesterday, the technical side of gold first fell and then rose, ushering in a deep V reshuffle. The European gold price continued to rise and broke through and stood near the Asian session's falling breakthrough point of 2802. The US gold price accelerated its rise in one fell swoop, breaking through the high point of 2817 last Friday and reaching near 2830. After falling under pressure, the closing gold price was near 2813, forming a bottoming and rising trend. After the overall gold price completed the extreme retracement confirmation during the day, it formed a strong bullish rebound.

From the current four-hour analysis, today's lower support focuses on the 2800 integer mark. If it stabilizes at this position during the day, you can continue to buy and look bullish first. The upper short-term resistance focuses on the 2828-30 area. The short-term bullish strong dividing line focuses on the 2800 mark. Before the daily level falls below this position, continue to maintain the bullish pattern.

BUY:2790near SL:2785

BUY:2800near SL:2797

Technical analysis only provides trading direction!