XAUUSD: 13/5 Today’s Strategy and Analysis

Gold technical analysis
Daily resistance is 2361/2400, support below is 2327/2319
Four-hour resistance is 2365/2370, support below is 2340/2327

Gold operation suggestions: The current strong dividing line for bulls is at 2330. This position will also be related to the long-short conversion in the later period. For now, the long-short situation is unclear and in a state of contention. The strong resistance above is 2370/2377. Although it rose sharply last Friday, the energy is likely to have been exhausted, and it is likely to continue to fall in the short term.

Judging from the current trend of gold, we focus on the support of 2340/2327 below, the resistance of 2365-2370 on the top, and the suppression of 2377. From the chart, the market tends to fluctuate and fall.


BUY:2327near SL:2324
SELL:2365near SL:2370

Technical analysis only provides trading direction!

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Going long is against the trend, we scalp and make profits

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The market is very strange today. My analysis is that it will fall, but there are a large number of buyers entering near 2340 to prevent it from falling.

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With the help of the news release, the bulls lost the 2340 stronghold. Our selling direction today is profitable. The lower support is near 2330. You can buy as recommended.

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Scalping XAUUSD
SELL: 2338near
SL:2346
TP1:2335 TP2: 2332 TP3:2329
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Shorts are still strong, focus on the support below 2327~2330

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Scalping XAUUSD
SELL: 2338~2339
SL:2348.5
TP1:2335 TP2: 2332TP3:2328
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Keep up the winning streak and wish everyone good luck

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Gold rebounded in the U.S. market yesterday and then fell directly under the resistance of 2350, and then fell below a new low. Gold broke through and went downwards. Short-term bulls are weak. If the Asian market rebounds near 2350, go short directly. Gold short-term bulls are weak

The 30-minute moving average of gold has formed a dead cross downward short position. The 30-minute gold has formed a downward trend. It rebounded weakly along the downward trend line. Now the resistance of the downward trend line is just around 2350. If the Asian market rebounds near 2350, it can be directly shorted first. .