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XAUUSD: 4/7 Today’s Analysis and Strategy

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Gold technical analysis
Daily resistance 2370, support below 2340-20
Four-hour resistance 2370, support below 2350-32

Gold operation suggestions: Gold bulls pulled up yesterday, breaking through the 2340 line since the European session, and then continued to rise in the US session with the stimulation of data, reaching a high of around 2365. Judging from yesterday's trend, the European session rose and broke through, then the US session retreated after a breakout, and then broke through again. The continuous rise also gathered the energy of the bulls. The trend of today's Asian and European sessions is also the direction indicator of the US session, and the support below will also be maintained at the low point of 2353 after yesterday's breakthrough and retreat. This position will also serve as the watershed point of the day. Similarly, if the European session continues to rise during the day, the US session will still be a good opportunity to go long. For yesterday's breakthrough, the bulls still have room to rise.

Judging from the current gold trend, the lower support is at 2335-2343, and the previous high point and suppression point are around 2363-65. This position can also be used as the intraday long-short dividing line. If the rise is blocked for a long time, we can look for opportunities to short around 2370 before the US market.

BUY:2343near SL:2340
SELL:2370near SL:2373
Technical analysis only provides trading direction!