Rise first and then fall
Updated
https://www.tradingview.com/x/v1PSFT0B/
It is not difficult to see the trend from the above figure. The recent trend is in line with the expected trend. There has been a bearish situation. In the short term due to the increase in US debt. Gold has been showing a downward trend. Although there are occasional geopolitical underpinnings. On the whole, it still can't stop the bears from attacking. Today's initial jobless claims data will be released at 8:30 US time. I personally think it will continue to fall. But the support below will lead to a rush higher and then a lower. Although it is more difficult to break through the integer mark. But today it is expected to drop to a new low below 1900. And will recover quickly. And rebound above 1900. Everyone remembers to pay attention to timing when trading.
It is not difficult to see the trend from the above figure. The recent trend is in line with the expected trend. There has been a bearish situation. In the short term due to the increase in US debt. Gold has been showing a downward trend. Although there are occasional geopolitical underpinnings. On the whole, it still can't stop the bears from attacking. Today's initial jobless claims data will be released at 8:30 US time. I personally think it will continue to fall. But the support below will lead to a rush higher and then a lower. Although it is more difficult to break through the integer mark. But today it is expected to drop to a new low below 1900. And will recover quickly. And rebound above 1900. Everyone remembers to pay attention to timing when trading.
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Selling time is 1911-1913Trade closed manually
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