Traders-Marvin

XAUUSD next trend

Traders-Marvin Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The trend of gold has been falling. This trend will not change in the short term. The only possibility of change is the number of initial jobless claims in the United States for the week of September 30 on Thursday. This will be an important signal to determine the trend of gold. The release of this news is likely to send markets into shock.

It is predicted that gold will rebound below the 1830 area in the short term and may then fall. However, the specific situation needs to wait for the release of US news.

Comment:
XAUUSD short-term trading requires constant observation of trends and a keen sense of the market. Although the overall trend of gold is downward, it still often rises and then falls in the short term. When trading, entering at the right price can sometimes make good profits.
Good luck!
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.