There was little oscillation during the Asian session last Friday. After ascending to $2034, gold plummeted below $2000 after the employment data was released. Moreover, gold once reached $1995, and then rebounded above $2000 after gaining support, ending the two consecutive gains with a big bearish candle, and returning to a weak pattern. At present, gold fell from highs and lost the previous gain in the weekly chart, indicating a downward bearish signal. Nonetheless, gold showed an oversold pattern in the 1H chart, and the MACD located at the oversold area to form a golden cross, suggesting a possible rebound in the 1H chart today. Thus, investors should focus on the resistance near $2009, and aggressive investors can go short with small positions there. Today, the trading range will be from $1986 to $2009, in which investors can buy low and sell high.
GOLD
XAUUSD SELL 1996 - 1998 - 2000
✔️TP: 1086
🚫SL: 2005
GOLD
XAUUSD SELL 1996 - 1998 - 2000 ✔️TP: 1086
🚫SL: 2005
