The current technical form is more conducive to shorts, but the data on Thursday and Friday will have a greater impact. If it is beneficial to gold bulls, before the data is released, as long as it does not fall below 2007, there is hope that 2043 will be reached.
But if it falls below 2007, 2043 will not be seen again for a short time.
If the data is bearish for gold, there is no doubt that it will fall below 2000.
Trade active:
It is now near the resistance level. If it cannot break through, the probability of it falling below 2020 is very high. I currently hold a short order and wait for the market to move further.
Trade active:
Waiting for NFP to arrive
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