ActuaryJ

XAUUSD: 14/5 Gold fluctuates in a wide range

Long
ActuaryJ Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold technical analysis
Daily resistance 2361-2400, support below 2327-19
Four-hour resistance is 2345-65, support below is 2327-19

Gold operation advice: Yesterday, gold technology faced a unilateral decline. The Asian and European markets rebounded slightly and were under pressure. The 2364 mark continued to fluctuate downwards and weakened, and then further accelerated downwards and broke through the 2350 mark to reach a stable rebound near 2338. In the end, the U.S. market rebounded for the second time and came under pressure at the 2349 mark, which further fell to a new low and closed at a new low. After a strong rise in the two trading days of last Thursday and Friday, the overall price once again ushered in a suppressed fall and closed. In the short term, it still showed a wide range of long and short shocks. Running below 2378 still sees suppression and shock finishing

Judging from the current market trend, short-term resistance at the top is focused on yesterday's hourly opening near 2345-47, and strong support at 2327 and 2320 at the bottom. The short-term watershed between long and short strength will focus on 2320. Until the daily level falls below this position, the low-price long rhythm will remain unchanged.


BUY:2327near SL:2324
BUY:2320near SL:2315
SELL:2365near SL:2370
Technical analysis only provides trading direction!
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CPI wishes everyone good luck tomorrow. There is a lot of news, so please trade with caution.
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The latest comments from many Federal Reserve officials indicate that interest rates will remain high. To a certain extent, this suppressed the rise of gold. Focus on the release of CPI, please stop trading during the news release, we are not gamblers
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Scalping XAUUSD
BUY: 2356 near
SL:
TP1:2359 TP2:2362 TP3:2366
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The highest is 2365, which is a huge profit.
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Today is a busy day. CPI will be released in 3 hours. Manage your account funds and never be a gambler.
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