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Can gold keep rising?

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OANDA:XAUUSD   Gold Spot / U.S. Dollar
Don't fantasize that every transaction will be perfect. Profits and losses need to be balanced, gains and losses need to be felt. Investing in the market is like traveling, always in a hurry, with so much confusion and hesitation. Only by calming down can you dispel the clouds that shroud your eyes and quietly savor a cup of tea, and then you will find that many opportunities are right in front of you.



Yesterday, influenced by the data, the retracing gold saw a significant rally but halted near the 1837 level with repeated tests, indicating strong resistance at this point. The bullish sentiment also appeared to be weakening. According to the graphical analysis provided, this wave is likely to continue to retrace without breaking, making it a good opportunity to buy long positions here. However, caution should be exercised in terms of position sizing as there will be data to be released tonight.

We will provide timely updates and keep track of the data, making adjustments as needed.

Reminder: Pay close attention to tonight's data and control your position size regardless of your trading direction.

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Comment:
The data is negative, the fluctuation is not large, continue to hold
Comment:
The position is not heavy, you can increase the position according to your own situation
Comment:
1854 according to your own situation

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