Jerome-Leon

xauusd Comprehensive analysis of gold

Short
Jerome-Leon Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold: The price of gold rose by more than 100 US dollars this week, setting a new historical high. It also adjusted the short-term market shape with the help of Friday's non-agricultural data. The non-agricultural data was a perfect ending. In the early stage of the data release, the bullish upward trend was basically continued. The market peaked at the 2195 line, and there was a significant retracement after the late trading, and the line finally closed around 2178. It should be noted that the 4-hour line closed two upper shadow ranges in a row, which also showed that there was a large selling pressure at the 2200 mark. Then next week, we will first focus on the breakthrough of 2200. If it cannot break through a new high next week, then the subsequent layout may have a mid-term wide adjustment market. Currently, I hold 10% of the band short of 2075-2072. The short-term short order at 2180 was immediately stopped at 2161. The short-term rebound in the US market continues from 2177-2180. Goal 2000.
During the strong upward trend of the bulls, the momentum gradually weakened, and there was no effective technical adjustment during the period. There is a saying that the best will inevitably come down. There is no trend that can only rise but not fall, let alone fall into the current trend and empathize with it. The laws of the market He will always give you a blow at the critical moment, so always look beyond the appearance to see the essence. Stable emotions, objective perspective, and historical laws will always give you the right guidance!
Comment:
active trade
Comment:
active trade
Comment:
active trade

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