XAUUSD: 17/12 Market Analysis and Strategy

Aktualisiert
Technical analysis of gold
Daily resistance 2725, support below 2627
Four-hour resistance 2673, support below 2627
Gold operation suggestions: Gold is currently in a volatile situation. As for the current trend, the two consecutive days of retreat last week have basically destroyed the previous upward trend. The daily short-term moving average has also formed a suppression pattern. The previous support level is also likely to be converted into top pressure, forming a suppression effect. In terms of operation, it is still treated as a rebound short.

From the 4-hour analysis, the upper short-term resistance continues to focus on the NY market high of 2662 last Friday. The intraday pullback relies on this position to continue to be short and follow the trend to fall. Pay attention to the short-term support of 2640 below, and focus on the support of 2627.

BUY:2645near
BUY:2627near

The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Trade wurde manuell geschlossen
The London market has broken the previous low of 2643. The US market is expected to fall for the second time. Look for opportunities to seize the time to get on board. The market price is 2658-2656-2653-2649, and the highs are gradually declining. Since it has fallen sharply, continue to follow the trend and follow the breakthrough direction, looking for high points to enter the market and short.
Anmerkung
Judging from the overall trend of gold in recent times, the bullish rebound is almost powerless. Even if there is a small rebound, it will be swallowed up by strong shorts on the same day or the next day. Therefore, we have been maintaining a short layout with the trend, without any idea of ​​Boduo. Secondly, Fed Chairman Powell made a more hawkish statement, and the prospect of interest rate cuts declined. Gold plummeted, and the daily line fell sharply. The current price resistance keeps moving down, and the lows are constantly refreshed. There is no doubt that the rebound will continue to be short today, and trade with the trend.

There is no need to say much about the technical side. The top of the 30-minute plunge is at 2624, and the 4H plunge breakthrough is at 2633. The idea of ​​shorting with the trend is very clear. It is nothing more than a question of where to short. There is also suppression at 2624 above. Sell below 2624 if you are a little more aggressive, and sell below 2633 if you are more cautious.
Anmerkung
The decline from 2624 has exceeded 10$
Fundamental AnalysisGoldgoldtradingstrategyTrend AnalysisWave AnalysisXAUUSDxauusdanalysisxauusdupdates

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