XAUUSD: Trend analysis and operation strategy

Jobless claims helped gold rally again yesterday as data showing a softening labor market, combined with recent inflation data, reinforced the view that the Fed is unlikely to raise interest rates further. These negative US economic data exacerbated the decline in US Treasuries, which in turn caused the price of gold to soar. The daily level, the Bollinger band continued to close flat, the surge in international gold prices broke through the resistance of the first line of the medium rail, and successfully stood firm above the medium rail, the morning opening price continued to rise, there is a trend of further higher in the short term, and this wave of rebound prices once again hit $2000 is not a problem. 4 hours, the Bollinger belt opening up, the price of gold to maintain the upward trend of shock, the whole direction is still mainly, the recent trend of gold is relatively strong, the pullback is expected to be not too much, short-term attention to yesterday's rise after the pullback near the low point of support, that is, the 1980 line of support, waiting for the price pullback to do more.

Spot gold operation recommendations:

Strategy 1: Callback 1976-1980 near multiple single entry, stop loss of $6, the target 1992-1995 line;

Strategy 2: Rebound 1995-1992 near the short single entry, stop loss of $6, the target of 1980-1975 line.
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Trade active:

1988

Trade active:

1985

Trade active:

1982

Trade active:

1984

Trade active:

1980

Trade active:

1980