Gold Hunter #20240809

Global Markets Commodities Oil and Gold
1

There is some resistance after the rapid upward movement in the short term. It may retreat and consolidate during the day and then continue upward, with a high probability of testing the resistance near 2430 again.
:white_check_mark:Trading strategy: Go long on dips after retracement
:white_check_mark:Resistance reference: 2430, 2454
:white_check_mark:Support reference: 2413, 2395, 2380

:arrow_right:XAUUSD 1 hour chart​:1st_place_medal:

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Please share your commons below~~~

2

I think you are correct, I believe 2431 was an important level to cross. I see some resistance around 2445-2448 which is my target 1. If that is broken, I think it might move to 2458-59 and then even 2477.

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