XAUUSD: 11/12 Today's Market Analysis and Strategy

11 thg 12

Gold technical analysis
Daily resistance 2725, support below 2627
Four-hour resistance 2704, support below 2676

Gold operation suggestions: 4-hour chart bottomed out and rebounded, it is expected that the probability of falling below the 4-hour low of 2675 is not high, then look for opportunities above 2675 to continue to arrange long orders, and there may be opportunities to short if the daily high of 2704 is not broken. Radicals can try it, and admit defeat and exit after breaking the daily high of 2704

From the current 4-hour analysis, the upper short-term pressure focuses on 2700-2720, and the lower short-term focus is on the 2676 first-line support. The operation is mainly based on retracement and long

Pay attention to avoid the time of CPI news release to prevent hitting SL due to high market liquidity

BUY:2660near
BUY:2678near

The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.

11 thg 12

Ghi chú

The US November CPI data will be released in the NY market. This report is the last important data before the Federal Reserve's December meeting. The market is worried that if the data shows that the inflation decline process has stagnated, it will stimulate the Federal Reserve to suspend interest rate cuts in December. The market may fluctuate violently at that time, so pay attention to risk avoidance.

12 thg 12

Giao dịch đang hoạt động

The 2730 area is an obvious pressure on the daily chart. The last round of decline also unfolded below this area. Today, the Asian session fell directly at the 2625 line. The gold four-hour line encountered a double top. Here, the rise of the K line is sniped, and the daily K line deviates far from the MA5 moving average. The position of the MA5 moving average is displayed near 2682. In addition, the risk aversion sentiment in Syria is also cooling down on the news. So don’t blindly chase the rise of gold. The current market is very obvious, so you must wait patiently for the position. Pay attention to the support of the 2690/82 area below. The upper resistance 30-minute starting point is 2714, followed by the daily high of 2725. Today, watch more and do less, and observe this area later.

In terms of intraday operations, the Asian session fell sharply from the 2725 line under pressure, and the second decline breakthrough was at the 2714 line.

Sell near 2714 in the Asian and European sessions, defend the Asian session high of 2725, and target 2700/90; fall back to 2686/90, buy if the support point is not broken, and target 20$.