Gold Spot / U.S. Dollar
Long
Updated

XAUUSD: Will it continue to rise?

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This week's data has not been released yet, and gold has experienced a significant decline. There might be a valid uptrend after the release of this week's data.

If your long-term trading account is still incurring losses, do not miss out on the upcoming profit opportunities. I will continue to provide accurate signals.

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There will be a lot of data in the next market, so try to reduce transactions as much as possible
Trade active
The main players in the gold market initiated an upward move after clearing out the market buy orders, employing their usual tactics. To some extent, they are the ones capable of influencing market trends.

Several crucial data releases are scheduled for today. It is anticipated that, prior to the data release, gold will be trading within the range of 2030-2050.

For short-term traders, attempting a short position is an option, but it is advisable to close positions ahead of the data release today. In volatile markets, it's prudent to exercise caution and refrain from engaging in trades impulsively.

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