ActuaryJ

XAUUSD: 22/5 Today’s Analysis and Strategy

Long
ActuaryJ Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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!
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.