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.
Note
Awaiting US news releases.Click the link below for more trading signals.
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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.Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.