XAUUSD: Buy mainly at 2636-2640
From the current trend analysis, the XAUUSD market still maintains a narrow range of 2630-2656. At least this week, the entire trend has been maintained for four consecutive days. But every day, there are some small breakthroughs upward. This shows that the bulls continue to be optimistic about the rise in gold prices. The key position this week is the impact of the non-agricultural data released on Friday. As well as the geopolitical trend, this is a strong support for short-term shorts
Trading is still based on selling high and buying low. On Thursday, focus on the release of the weekly initial jobless claims data. That will have some huge impact on gold prices in the short term. Personally, I think it will still have an upward impact on gold prices in the short term.
Trading is still based on selling high and buying low. On Thursday, focus on the release of the weekly initial jobless claims data. That will have some huge impact on gold prices in the short term. Personally, I think it will still have an upward impact on gold prices in the short term.
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