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XAUUSD: 26/7 Today’s Analysis and Strategy

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Gold technical analysis
Daily resistance 2400, support below 2350-2329
Four-hour resistance 2380-2400, support below 2350-2329

Gold operation suggestions: Yesterday, gold technically rebounded slightly at the opening of the Asian session, and was under pressure at the 2399 mark, and then fell back. Near the European session, it once broke through the 2370 mark, and then rebounded near 2365. Before the US session, the gold price hit a high for the second time, and was under pressure at the 2382 mark, and then fell back and fell. Finally, the gold price continued to fall and broke through the 2350 mark again, and closed weakly. After the overall price appeared under pressure at the 2431 mark, it fell for two consecutive trading days on the daily level, and the gold price lost the previous low of 2383 and continued to fall, breaking the low point. The short-term downward space for gold prices is completely opened.

Judging from the current trend, today's resistance is 2378-2380. Intraday rebounds rely on this position to continue to short. The lower target continues to focus on new lows. The short-term long-short strength watershed focuses on the 2400 mark. Before the daily level breaks through and stabilizes at 2400, continue to maintain the rhythm of rebound shorting.

SELL: 2380near SL: 2383
SELL: 2400near SL: 2405

Technical analysis only provides trading direction!
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