Gold technical analysis
Daily resistance 2340-70, support below 2277
Four-hour resistance 2320, support below 2287-2277
Gold operation suggestions: The overall price of gold fell on Wednesday. The highest price rose to 2323, the lowest fell to 2293, and closed at 2297. Looking back at the performance of the gold market on Wednesday, the price fluctuated in the short term after the opening in the morning, and then the price fluctuated and fell. The price did not break the high point in the morning, so the overall price was weak. The second rebound in the US market continued to encounter resistance at the 2317 mark, ushering in an accelerated decline in shorts. Finally, the gold price accelerated downward to break through the 2300 integer mark and reached 2393. The weak rebound closed, and the daily K-line closed with suppression and fell, and the overall price formed a very clear short-term unilateral downward rhythm.
From the 4-hour analysis, the short-term bull-bear strength watershed is 2320. A breakout and stabilization of this position at the daily level represents the end of the decline.
SELL: Near 2340
SELL: Near 2320
SELL: Near 2287
Technical analysis only provides trading direction!