XAUUSD: 22/5 Today’s Analysis and Strategy
Gold technical analysis
Daily resistance is 2450-2500, support below is 2411-2371
Four-hour resistance is 2435-2450, support below is 2411-00
Gold operation suggestions: Yesterday, the technical aspect of gold fell rapidly in the Asian market and pierced the 2406 mark, ushering in a stabilizing recovery. In the afternoon, the gold price stepped back down for the second time and stabilized at the 2408 mark, ushering in a bull shock recovery. NY time quickly surged above 2433 and fell back under pressure. After testing the effectiveness of the support around the 2406 mark, the overall price ushered in a rebound and repair market that bottomed out. However, the top still suppressed the operation in the 2435-2440 area.
Judging from the current trend, the lower support focuses on yesterday's low of 2406-2408, the upper short-term pressure focuses on 2430-2435, and the focus is on the suppression of 2450. Let's first see that gold maintains a wide range of long and short fluctuations in this range. In the middle position, watch more and move less. , trade cautiously and wait patiently for key points to enter the market.
BUY:2411 near SL:2406
BUY:2400 near SL:2397
BUY:2435 near SL:2430
Technical analysis only provides trading direction!
Daily resistance is 2450-2500, support below is 2411-2371
Four-hour resistance is 2435-2450, support below is 2411-00
Gold operation suggestions: Yesterday, the technical aspect of gold fell rapidly in the Asian market and pierced the 2406 mark, ushering in a stabilizing recovery. In the afternoon, the gold price stepped back down for the second time and stabilized at the 2408 mark, ushering in a bull shock recovery. NY time quickly surged above 2433 and fell back under pressure. After testing the effectiveness of the support around the 2406 mark, the overall price ushered in a rebound and repair market that bottomed out. However, the top still suppressed the operation in the 2435-2440 area.
Judging from the current trend, the lower support focuses on yesterday's low of 2406-2408, the upper short-term pressure focuses on 2430-2435, and the focus is on the suppression of 2450. Let's first see that gold maintains a wide range of long and short fluctuations in this range. In the middle position, watch more and move less. , trade cautiously and wait patiently for key points to enter the market.
BUY:2411 near SL:2406
BUY:2400 near SL:2397
BUY:2435 near SL:2430
Technical analysis only provides trading direction!
Trade active:
Wish us good luck in the new week
Join my Telegram channel to get
✅Free VIP signal.
✅Daily market analysis
✅Account management
✅More than 2000pips profit every month
t.me/Makemorecoins
✅Free VIP signal.
✅Daily market analysis
✅Account management
✅More than 2000pips profit every month
t.me/Makemorecoins