Ksitigarbha

1-4 XAUUSD trading view

Long
Ksitigarbha Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
· Biden proposes a $2.25 trillion stimulus plan
·The loss of control of the European epidemic may also prompt European safe-haven funds to enter the gold market
·Small non-agricultural data is less than expected
·U.S. stocks are hitting new highs
· U.S. Treasury yields continue to rise

Just as i said yesterday that the support line of 1679 is very strong, the ADP data yesterday was not as good as expected, which led to a wave of gold rebound.
i believes that gold is currently fluctuating and rising, but we must also pay attention to the trend of U.S. stocks and U.S. debt. Tonight we have data on initial unemployment benefits and manufacturing data.

Today's operation suggestions:
i believes that today's direction is not clear, and in the spirit of preferring to miss it than to make a mistake, suggested placing an empty order in 1711, and the profit point is around 1721.

Upper pressure: 1723,1739,1754
Support below: 1690,1679

Please invest carefully, the above is purely personal opinion, trading at your own risk
Trade closed: target reached:
1711 in 1721 out profit take
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