XAUUSD(Gold)- Resistance Level 2520$

27 באוג׳

Gold Technical Analysis: From the daily perspective, gold has fluctuated around the 2510 line for nearly 7 trading days in the past, which is the area where the peak of the previous rising Yang line was located. In other words, after a sharp rise, gold has entered a sideways adjustment state. As the high-level consolidation time is prolonged, the market gradually digests the bullish momentum, which increases the risk of retracement adjustment. At present, the daily trend of gold is still oscillating in a high range, and the short-term moving average is flattening, indicating that the current adjustment is mainly based on range fluctuations, rather than a unilateral trend.

On the 4-hour chart, the short-term moving average begins to gradually diverge downward, and the K line gradually bears pressure below the short-term moving average, and the trend is slightly weak in the short term. The hourly level shows that after a wave of rapid bottoming rebound, the rebound strength is limited, and the price center of gravity gradually moves downward, suggesting that the European and American sessions may continue to show a volatile correction trend. Today we will focus on the first-line resistance level of 2518-2520. If it breaks upward, the bullish trend is expected to continue; if the price fails to break through this range, it will continue to fall back.

On the whole, today's short-term gold operation advice is to mainly go short on rebounds, supplemented by longs on callbacks. The upper side focuses on the resistance range of 2518-2520 in the short term, while the lower side focuses on the support range of 2490-2493.

28 באוג׳

עסקה פעילה

Gold is currently in a high-level consolidation phase, with a strong overall trend and no obvious signs of decline. Last Thursday's correction touched the 2470 line and then rebounded quickly, with the price returning above $2500, indicating that market buying still has support. From a technical point of view, gold is not in a weak position.

On the daily chart, a small positive line with a long lower shadow was recorded, reflecting the strong buying support below. The price continues to run between the short-term moving average and the upper track of the Bollinger Band, indicating that the short-term bullish force still exists. The moving averages of each period are arranged in a bullish pattern and gradually rise, and the overall opening of the Bollinger Band has expanded, suggesting that volatility has increased. In terms of the MACD indicator, although the double lines are in an upward state, they have shown signs of weakness and a turning trend has appeared. The red kinetic energy column is also shrinking, indicating that the upward momentum is gradually weakening.

In the short term, the upper range of $2538-2540 is an important resistance. If this area can be broken, the gold price is expected to further extend the increase. On the contrary, if it is blocked here, it may trigger a pullback adjustment. The $2,500 mark below is an important support. If it is effectively broken, the next target is $2,450.

Judging from the performance of today's early trading, the price stabilized at the 2,503 line after a rapid decline, and failed to effectively fall below this support level. If the European session can continue to hold 2,503, the US session is expected to strengthen again in the evening. At present, the overall market is still in a high-level shock pattern, and the short-term support and resistance areas are 2503-2505 and 2529-2531 respectively.

In view of the current technical form, the short-term operation strategy should be mainly long on callbacks, supplemented by short on rebounds. Before the price falls below $2,503, do not chase shorts or be overly bearish. If you have already shorted at a high level in the early trading, it is recommended to leave the market at the right time. The current market does not have the conditions for a sharp decline.