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Gold Spot / U.S. Dollar
Long

GOLD-Tuesday Analysis

By Colin_Analyst
Updated
snapshot

Market attention was low on Monday, with no major news releases. U.S. retail sales data on Tuesday, weekly jobless claims on Thursday and the initial Purchasing Managers Index (PMI) on Friday may provide more information on consumption and economic strength.

Gold fluctuated between 2310 and 2327 on Monday. After hitting the bottom at 2287, it has been fluctuating at a low level for several consecutive trading days. Although it has not yet stabilized above the Bollinger middle track, from the perspective of 1D, the possibility of continued rise is very high.

I think buying in 2308-2315 support range, SL: 2299

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Comment
2308-2324, 160pips
2315-2324, 90pips
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The judgment is correct, today is an uptrend
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