XAUUSD: 29/5 Analysis and Strategy

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Gold technical analysis
Daily resistance 2370, support below 2327
Four-hour resistance 2370, support below 2343

Gold operation suggestions: After testing the 2340 support yesterday, it stabilized and rose to a high of 2364, and finally closed at a high level, rebounding for three consecutive trading days after the plunge.

From the current trend, today's short-term pressure focuses on 2370. Today, we will rely on this position to go short first. The short-term support below focuses on the vicinity of 2343. If we step back and stabilize this position during the day, we can go long once, and then look at the shock recovery. The overall support during the day is to participate in the high-altitude and low-multiple cycles in the 2343-2370 area, and look at the rhythm of alternating long and short shocks, and wait patiently for key points to enter the market.

SELL: near 2370

BUY: near 2343
Technical analysis only provides trading direction!