XAU/USD: Today's Strategy Analysis

210
Verification of Support Level Effectiveness

- $3306: As the 0.5 retracement level of the 3247-3365 band Fibonacci, it rebounded slightly after being first touched today. It is necessary to monitor whether a bullish candlestick stabilization signal forms at this level. If broken, the next target is $3290.
- $3290: Overlapping with the lower Bollinger Band support of the 4-hour chart, if a pullback signal with shrinking trading volume appears here, it can be regarded as a short-term long opportunity.

Suppression Effect of Resistance Level
- $3320-$3325: The suppression zone of the 5-day moving average at the 1-hour level, which is also near the early session rebound high. If the price is resisted and closes bearish when rebounding to this range, it confirms a short entry opportunity.
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Operation Tips
Strictly set stop-loss orders to avoid capital drawdown caused by false breakouts of support/resistance levels.

XAUUSD
buy@3285-3295
tp:3310-3320

sell@3315-3325
tp:3305-3295

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