Repeated sweeps, gold trend analysis and operation layout

📰 Impact of news:

1. Pay attention to the initial unemployment claims data

📈 Market analysis:

Gold price jumped higher in Asian session. The short-term upper pressure is at 3375. Once it breaks, the upward route of bulls will be opened. The RSI indicator in the 1H chart began to retreat after touching the overbought area. Last night's high of 3360 is now a breakthrough, and the previous strong suppression is at 3350. This morning's Asian session was also broken and stabilized. Then 3360-3350 has changed from a suppression position to a support position. Therefore, the next position we should pay close attention to should be around 3360-3350. If it can fall back to 3360-3350 in the future, it is possible to enter the market to do more, but at the same time, it is also necessary to defend 3345. Independent trading requires a SL.

🏅 Trading strategies:

BUY 3360-3350
TP 3370-3380-3400

If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.

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