Gold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2340-70, support below 2319-2277
Gold operation suggestions: Yesterday, the technical side of gold continued to fluctuate in a narrow range. The price of the Asian and European sessions was under pressure at the 2332 mark and quickly fell back and fell, reaching 2319 and stabilizing and rebounding. The gold price in the US session quickly rose and was under pressure at the 2336 mark and fell back and closed. The overall price continued to fluctuate around the 2318 mark support and the 2336-40 area, and there was not much continuity between the long and short positions.
From the perspective of the 4-hour gold trend, today's lower support continues to focus on the vicinity of 2315-2318, and the upper pressure focuses on the 2370 mark. Continue to rely on this range to sell high and buy low during the day.
SELL: 2370near SL: 2373
BUY: 2318near SL: 2315
Technical analysis only provides trading direction!
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Go long on breakthrough
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Long profit again, too fast
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Markets to be closed for Independence Day
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The number of ADP jobs in the United States increased by 150,000 in June, lower than the expected value of 165K and the previous value of 152K. This is the third consecutive month of decline in ADP employment, indicating that the job market has cooled down. Pay attention to the guidance of non-farm payrolls data on Friday. In addition, the US ISM service PMI in June was 48.8, significantly lower than the expected 52.6 and 53.8 in May. All indexes performed poorly, which became evidence of the cooling of the economy. The latest minutes of the Federal Reserve meeting released showed that more information was waiting to gain confidence in cutting interest rates, but the vast majority of officials believed that the economy was gradually cooling down. The recent poor performance of economic and employment data made it possible for the Federal Reserve to start cutting interest rates in September. The market has begun to bet on it, and expectations for the number of interest rate cuts have also increased. Gold has risen again. Pay attention to the strength of this round of upward momentum. Pay attention to the impact of Friday's NFP employment data on the Federal Reserve's interest rate.
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Share my plan now Buy zone: 2354~2350 Use safe small size. stop loss 2345 target 2365-70
Trading guidance may change the strategic direction and thinking at any time. Click on my avatar and profile to see more analysis and signals
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Long signal is profitable
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Today's free sharing of BUY2354~2350 has a maximum profit of 100pips. I hope everyone has made money. Click on my avatar and profile to see more analysis and signals