Yesterday, the support level for gold was in the 1820 area, and today the gold price has been moving around 1822.
In a few hours today, the United States will release ADP employment numbers and EIA crude oil inventories for the week.
This will determine the trend of XAUUSD and USOIL.
I still maintain a bullish attitude on the short-term gold trend. The strengthening US dollar continues to control the market dominance. However, after reaching the highest point, US dollar sellers obviously feel tired. This may be a signal for gold to blow the counterattack horn.
Good luck.
In a few hours today, the United States will release ADP employment numbers and EIA crude oil inventories for the week.
This will determine the trend of XAUUSD and USOIL.
I still maintain a bullish attitude on the short-term gold trend. The strengthening US dollar continues to control the market dominance. However, after reaching the highest point, US dollar sellers obviously feel tired. This may be a signal for gold to blow the counterattack horn.
Good luck.
Trade active
Trade active:
It now remains near 1825. follow up.
Trade closed: target reached:
After the news was released, gold rose rapidly and now falls back to around 1825. Fortunately, we have reached the expected 1830 to close the position and made a profit. Good luck and happy trading.
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