autumnbeauty

Federal Reserve officials hotly discuss the prospect of interest

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar


Gold has encountered non-agricultural data again. Will the market change today? Gold has been rising recently, and the bulls have been overcoming obstacles all the way. It is unstoppable and has exceeded 2300. Can gold go higher? Can the non-agricultural sector see a change?


Gold rose again yesterday and fell back. It failed to stand above 2300 twice. Short-term 2300 has formed resistance. Gold fell directly and rapidly in early trading. The strength of the bulls has weakened and is no longer as strong as before. Gold does not rule out the possibility of peaking. Gold If it can no longer break above 2300, then gold will have peaked. Gold has reached a double top in the short term. If it rebounds near the neckline of 2283 in early trading today, it can be shorted.



Gold bulls have reached a certain stage. If gold peaks, the decline will be considerable. We will wait and see whether the non-agricultural sector will see a change.


Short-term operation ideas:


Gold is short at 2283, stop loss at 2291, target 2260-2250;


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