Domineeringdeal

Gold fluctuates in a wide range, short-term will retest the uppe

Long
Domineeringdeal Updated   
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar

The trend of gold on Thursday was unexpected. It did not test the low point again as expected. After passing the low level of shock, it directly switched to the long trend. There is still a certain distance from the upper edge of the upper range, so the probability of continuing to reach here today is relatively high. For gold operations, it is recommended to buy at 1959, stop loss at 1955, and target 1970~1982.

The gold daily line is yin first and then yang, but it is still in the range in terms of the big cycle, so it should be bullish to undertake the trend of yesterday's yang line.
The intraday pressure was 1970~1982, and the support was 1959~1953.

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The chances of gold rising are very high at present
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