XAUUSD:5/11 Today's Market Analysis and Strategy

Atualizado
Gold technical analysis
Daily resistance 2800, support below 2716
Four-hour resistance 2800, support below 2730-16

Gold operation suggestions: Gold was flat in volatile trading yesterday. The price of Asian and European sessions was under pressure at the 2744 mark and gradually weakened. The European session fell back and stabilized at the 2732 mark and rebounded. The US session broke through the 2748 line for the second time and was under pressure and weakened. It finally closed at around 2736. The overall gold price was further under pressure at the 2750 mark and ushered in a suppressed volatile adjustment.

From the current technical level of the daily line, the upper resistance is near the 2800 integer mark, and the lower short-term support is around 2716.

With the advent of the US election risk event, the market is relatively stalemate. For the time being, it is still mainly short-term fast in and out. The upper pressure is 2750. The rebound below 2750 is still maintained during the day. Continue to pay attention to the gains and losses of 2730. The rapid rebound after the Asian session pierced proves that there is still a certain amount of bargain hunting buying below. We need to be cautious today. Note that 2730 has been tested for 6 times in a row. The support is gradually weakening. If it approaches 2730 again, it is also likely to accelerate the decline. In the face of the US election in the near future, the market volatility may be relatively fast. Investors are requested to pay attention to risk control, stay vigilant and pay close attention to the latest news changes.

BUY:2717near SL:2714
BUY:2727near SL:2724
SELL:2750near SL:2754

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 ativo
2750 quickly dropped to 2741, congratulations to the friends who followed and made a profit
Trade ativo
Gold is the same as the chart I shared this morning. It first rose to 2750 and then fell. Sell below 2750 today and you will make a profit snapshot
Trade ativo
Compared with previous presidential elections, today's gold market is too calm. Currently, gold is still fluctuating in a range. Patiently wait for the results of today's US election. If Trump wins, DXY will continue to rise, and gold may experience sharp fluctuations and then be sold off. Today's free sharing will be a day off. See you tomorrow
Nota
The US election was settled yesterday, Trump won, and gold fell accordingly. This is not much different from previous elections. The price of gold fell by $100 in the last election. Yesterday, gold fell from the daily high of 2749 to 2652, a drop of nearly $100. The daily line closed with a super large negative line. After ending with such a pattern, gold will undoubtedly continue to be bearish and short today, and there is still room and demand for further decline.

Needless to say, the trend is unstoppable, and the bulls basically have no counterattack power, so there is no need to deliberately grasp the high point. Yesterday's closing was obviously in an extremely weak pattern, so there is no need for gold to deliberately grasp the high point today. Just go short above 2670 as a stop loss defense for gold during the day. If there is a suitable position, you can go short first. It is meaningless to shout slogans and not give a position at high altitude.
Fundamental AnalysisgoldintradaygoldtradingstrategyTrend AnalysisWave AnalysisXAUUSDxauusdanalysisxauusdupdates

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