XAUUSD In the case of all negative non-agricultural data, gold did not fall below the support of 3300 below, which shows that gold bulls are still the main trend. The current daily pattern of gold is three positives, one negative and one positive. The trend of Monday's opening is also very important. Once it continues to pull up and rebound to break through the suppression, the bulls will open the door to regain the 3400 mark. At present, the short-term pressure is still maintained at 3345-50. This position is also the first point for the bulls to break through. Once it breaks through successfully, the next target will be maintained near 3365-3370. After the release of non-agricultural data, we publicly went long at 3324 many times and exited with all profits. We firmly believed that the retracement was an opportunity to go long. The market result was as Charlie analyzed. The bulls returned to the range before non-agricultural. Although they did not break through the upper pressure of 3345, they still closed in the form of a positive line. We continued to be bullish on gold on Monday, and the operation continued to focus on retracement and going long.
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📊 Analysis Insight: According to our technical analysis, the price is likely to continue its upward momentum upon market open. This setup aligns with previous support zones and price action confirmation, offering a favorable risk-to-reward ratio.
> Note: This is not financial advice. Always do your own research and manage your risk accordingly.