XAUUSD: 9/5 Today’s Analysis and Strategy

Gold technical analysis
Daily resistance is 2320-26, support below is 2300-2293
Four-hour resistance 2320-26, support below 2300-2280

Gold operation suggestions:
Judging from the current trend of gold, the upper resistance today focuses on the opening of yesterday's decline near 2320-2325. The intraday counterattack relies on this position to continue to be bearish. The lower support focuses on the 2300 integer mark. Continue to sell high and buy low. To go long, you can only wait for key positions to enter the market, and fast in and fast out are suitable for scalping.

SELL:2300 near SL:2305
BUY:2305 near SL:2300

Technical analysis only provides trading direction!

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If a reversal signal appears at the top of the 15-minute chart, then go short. Do not guess where the top is.

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Scalping XAUUSD
BUY: 2350 near
SL:2347
TP1:2353 TP2:2356 TP3:2359
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The rise is strong, we take advantage of the trend and go long

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Gold has reached today’s high of 2355, so you can close all orders and wait for the next signal.

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Gold's current market trend is a common market control technique. The purpose is to attract short-selling chips first, and then sweep away their SL before falling. The market is slowly rising and first tempts you to go short. We can either choose to wait and see and not trade, or go long with a very small SL like we just did. At this time, two trends will generally occur:
1, which has been rising slowly until the end of today.
2. The price first rises rapidly, first clears out the short positions of retail investors, sweeps away the stop-loss orders, and the long positions of the main funds take profits, and then falls like a waterfall.

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Trade with caution, the upper resistance is 2400, the market at NY time will definitely surprise you

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Good luck to everyone in the new week

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Scalping XAUUSD
BUY: 2358 near
SL:2365
TP1:2355 TP2:2352 TP3:2348
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2355 short-term support, falling into long and short competition, scalping profits