XAUUSD: 24/7 Today’s Analysis and Strategy

Gold technical analysis
Daily resistance 2483, support below 2400-2350
Four-hour resistance 2429, support below 2409-00

Gold operation suggestions: Gold fell and then rose yesterday, ushering in a deep V rebound. The price in the Asian and European sessions was suppressed below the 2403 mark and showed a weak downward decline. It fell back and pierced through the 2390 mark to reach around 2388 and stabilized and rebounded. Near the US session, the gold price accelerated and pierced through the 2411 mark, and began to fluctuate and consolidate.

The overall price further showed a support and stabilization pattern at the 2380 mark. In the short term, the gold price is likely to continue to trade time for space and continue the rhythm of long and short fluctuations. Today, the upper pressure is around 2420-29, and the lower support is around 2390-92. Sell high and buy low in this range during the day

SELL: 2429near SL: 2433
SELL: 2420near SL: 2425
BUY: 2390near SL: 2387

Technical analysis only provides trading direction!

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Pay attention to the news in 15 minutes. The market may experience short-term rapid fluctuations, wait for the market to stabilize

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Gold reached the 4H resistance and fell rapidly. If you trade according to my analysis and strategy today, the profit will be more than 100pips.

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Latest resistance and support update.
Now gold is running around 2430. After gold breaks through 2430 and stabilizes, it will have technical resistance above 2440, of which 2443-2445 is the resistance area of technical indicators. Be cautious about shorting above 2430.

註釋

XAUUSD
SELL: 2398~2400
SL:2405
TP1:2394 TP2:2390 tp3:2385

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The first profit of the day has been made, too fast

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The most active gold futures contract on COMEX was traded 1,251 lots in one minute from 21:27 to 21:28 on July 24, NY time, with a total contract value of US$299 million.
This is the reason for the rapid drop, which was caused by a large number of sell orders.

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Gold encountered crazy selling orders from institutions and fell by $25 in a waterfall. If you did not sell gold, at least do not buy it yourself.

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XAUUSD
SELL: 2378near
SL:2385
TP:2370~2365
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Sell again to make a profit, winning 10 consecutive times