XAUUSD: In-depth gold analysis

Friday opened 1919, the continuation of last Thursday in 1913 support to open the rebound rhythm to continue to rise, on Friday twice up to 1928 were blocked, but also fell back to 1924 was supported, and finally closed in 1925, the daily line recorded a small positive line.
Last Friday's action suggests slightly stronger support for 1924.

The daily level has been getting closer and closer to the dead corner of the convergence triangle, indicating that the direction is fast, but the current direction is very unclear.
At the four-hour level, the interest resolution on that day, the price quickly rose to 1947 and then fell quickly to 1913, indicating that the short strength appeared, but the price was supported in 1913 and then rebounded to the upward test before blocking the swap resistance level in 1928, although it was blocked, it was delayed to make new lows (points lower than 1913). This is not consistent with the performance of strong bears.
Therefore, to see the price trend after the test resistance level, the current probability is greater in the following two situations.
In case 1, the price never went down near 1922, was supported by a rebound, and then formed a 1935-1922 adjustment range. Case 2, the price goes down and makes a new low, a low lower than 1913, and then the price goes to around 1900.

Therefore, the focus is on whether the price is supported in 1922 to start a rebound, which determines whether the price enters a correction range or starts a downtrend.

Today's operation is more stable, immediately retreat after harvesting profits!

Trade active:

Sideways oscillation

Trade active:

1924

Trade active:

1923

Trade active:

1923.4

Trade active:

1915