XAUUSD: Ready to sell in 2338-2340 area, target 2315/2300
Gold rebounded after a round of decline, but the high point of this rebound became lower again, and fell again when it reached around 2341. Although the ADP data just released was bullish for gold, gold is still in a weak and volatile state, and has not rebounded significantly. of rise.
On the whole, gold is still in a downward trend, with lows moving downwards and a weak rebound. The rebound brought by the bullish ADP data will start to fall after being digested. Therefore, we can sell the target in the pressure area of the previous high above. Just look at 2315, if it falls below 2315, look at 2300
On the whole, gold is still in a downward trend, with lows moving downwards and a weak rebound. The rebound brought by the bullish ADP data will start to fall after being digested. Therefore, we can sell the target in the pressure area of the previous high above. Just look at 2315, if it falls below 2315, look at 2300
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.