XAUUSD:Today's trading range

The market had backtested support yesterday and began to show signs of bottoming near 1974, which is in line with our expectations. During today's Asian and European trading time, you can focus on this first-line support and participate in the rebound appropriately.

The 1D trend is still bearish, and the low is expected to be around 1963-1952. This is my current judgment.

Of course, in the end we still have to focus on market trends, because we cannot predict whether there will be emergencies. Therefore, please strictly control risks during the transaction process.

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Did you trade long following the signal?

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it's still rising

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You need to pay attention to the resistance of 1991-1996

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Gold has quickly risen to around 1996. Congratulations to those who have followed the trade, you have made another profit today!

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The second support confirmation is currently being carried out. Once it is confirmed to be valid, the upward trend will begin. The resistance is concentrated in 1988-1992, and the upper part is 1998-2006.