XAUUSD: The rise of gold is blocked, you can sell

Although gold rose again, it still did not break through the pressure position of 1985, the rebound was blocked, and there was a short-term callback demand. The European market relied on the pressure of 1985 to be short and bearish, and the lower support was 1960!

The next trend of gold is full of uncertainties. Now it is impossible to really determine whether the market will continue to rebound and rise, or build a large consolidation range in the 1985-1930 area for shocks! Now that it has entered a key area of change, the key to where gold will go next lies in the trend after the big non-agricultural data in the US market!

From a technical point of view, gold has indeed rebounded to the previous shock pressure 1985 area, and there is a need for a short-term callback, so we are bearish on the pressure position today! Short!

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Presumably everyone has already experienced the magnitude of the fluctuations in the once-a-month Super Golden Week. The biggest data of this week will be announced later, which is also the NFP data once a month. This data will fluctuate greatly, so we must strictly set the stop profit stop loss.

My strategy is to be bearish, and you can adjust the stop-profit and stop-loss according to your own account situation

good luck everyone

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