XAUUSD: Bullish, buy on pullback to 2352
Gold broke through multiple resistance levels yesterday with the positive ADP and initial claims data, reaching a high of 2365.
From the perspective of gold (1H), it has broken through the box oscillation range and has not fallen back quickly after the breakthrough, which shows that the gold price has stabilized above the oscillation box. Therefore, from the trend point of view, it is already a bullish trend.
Today we just wait for the decline to buy. I plan to enter near the support of 2352 and look forward to breaking through the new high. I wish you all good luck.
From the perspective of gold (1H), it has broken through the box oscillation range and has not fallen back quickly after the breakthrough, which shows that the gold price has stabilized above the oscillation box. Therefore, from the trend point of view, it is already a bullish trend.
Today we just wait for the decline to buy. I plan to enter near the support of 2352 and look forward to breaking through the new high. I wish you all good luck.
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