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💡 XAUUSD: Unbreakable 1930

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Have a good day , all Trader !!!

Gold retested 1930 after the last trading session. However Gold cannot break it

Then it turned around and rose again. The current increase we can expect is in the 1960 - 1966 area. You can watch to sell early in 1958 - 1960. Or you can wait to buy at the price range of 1930. There is also a good Buy signal there. Stop loss is necessary

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In the first trading session of the week, world gold prices stabilized near a 3-week low as investors waited for US inflation data this week to evaluate the US Federal Reserve's interest rate roadmap. (Fed).

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Gold had an increase again yesterday, but the narrow margin compared to the previous decrease showed that the buying pressure was not strong. Because it just broke the previous bottom on Friday, D1 gold is still slightly higher in price.

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Gold has established a clear short-term downtrend. Tonight's USD inflation news is likely to continue this trend or reverse it. However, the current context is still not suitable for a transaction.

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