GOLD-Thursday Analysis
Updated
The geopolitical outcome is still a topic that the market cannot avoid. Now the Middle East may expand the scale of confrontation, which will greatly affect the stability of the financial market. In the market, pay attention to the weekly unemployment claims data in the United States on Thursday and the initial value of the Purchasing Managers' Index (PMI) on Friday, and pay attention to the speeches of Federal Reserve officials.
It can be seen that although gold is fluctuating, it will continue to rise every time it pulls back, and the lows are constantly rising.
In the upward trend, we are still waiting for the support point to buy. Today, we can buy at the support points of 2323 and 2328.
But we can also try to sell in the resistance range, now we can try to sell at 2345-2347, SL: 2351
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
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