XAUUSD: 12/3 Today's Market Analysis and Strategy

Technical analysis of gold
Daily chart resistance 2930, support below 2865
Four-hour chart resistance 2930, support below 2865
One-hour chart resistance 2930, support below 2900

Gold operation suggestions: Gold's technical side yesterday bottomed out and rebounded strongly in the volatile trading. The Asian session quickly stepped down and stabilized at the 2880 mark to bottom out and rebound. The European session broke through and stood on the 2900 mark to continue the strong shock. The US session further broke through the 2922 mark and fell back to close strongly. The daily K-line closed at the bottom and rebounded. The overall gold price was supported at the 2880 mark and stabilized and rebounded. In the short term, the 2880 mark has become a new key support area. At the same time, the upper 2930 pressure is still effective. At present, the gold price is likely to continue this range to maintain a wide range of long and short shocks. As for whether it can directly break through 2930, it is necessary to pay attention to the CPI data of NY time.

From the current trend analysis, we focus on the 2897-2903 first-line short-term support below, and the 2930-35 first-line short-term suppression above. Operationally, we can do certain shock operations around this range. Once a breakthrough occurs, we can continue to follow up later and wait patiently for key points to enter the market.

Buy: 2930near SL: 2925

Buy: 2892near SL: 2888

Sell: 2888near SL: 2892

交易進行

There are still 30 minutes left until the news release. Be careful to avoid trading during news releases🙏🏻