XAUUSD:5/2 Today's Market Analysis and Strategy

5 בפבר׳

Spot gold technical analysis
Daily resistance 2900, support below 27723
Four-hour resistance 2900, support below 2840

Gold operation suggestions: Gold fell slightly in the shock yesterday and stabilized at the 2807 mark, ushering in a strong bottoming out and rebounding, and continued to break through new highs. The overall gold price continued the strong unilateral upward trend of the bulls with the support of the 5-day moving average.

From the 4-hour analysis, pay attention to the short-term support of 2840 below, and continue to be bullish when stepping back. Pay attention to the short-term resistance above 2870-80. The overall trading direction of stepping back and buying is maintained in this range.

BUY:2840near SL:2835

BUY:2850near SL:2745

Technical analysis only provides trading direction!

6 בפבר׳

עסקה פעילה

15m chart: The current price is in a narrow range of fluctuations (2863-2873). If it breaks through 2873, it may trigger a short-term bull signal. On the contrary, if it falls below 2863, it may test the support.

30m chart: The price forms a short-term channel between 2865-2875, and the RSI (Relative Strength Index) is close to the 50 median line, indicating that the long and short forces are balanced. It is necessary to pay attention to the direction of the channel breakthrough.

1H chart: There is a slight upward trend in the near future, but it is subject to the pressure of the 2870-2875 area. If it stands above 2870, it may continue to rise; if it falls back to below 2865, it may test the 2860 support.

4H chart: After rising 0.86% in the previous trading day, the price has entered a high-level consolidation stage. The Bollinger Bands are narrowing and the volatility is decreasing. It is necessary to pay attention to the effectiveness of the support of the middle track (about 2865).

Today, gold is expected to fluctuate mainly in the range, and the directional breakthrough needs to be combined with the long-short game at the key price. It is recommended to conduct short-term operations in the range of 2873-2863, and follow the trend after the breakthrough.