From the market perspective, whether it is weekly or daily, a new historical high is a high probability event; but in the medium term, the weekly and monthly lines have ushered in a turning point event, and the beginning of the month is full of economic data and news, especially the US election, the Federal Reserve interest rate decision and US non-farm data. Under the influence of many news, in the next 1-2 weeks, both bulls and bears will not have smooth sailing. At present, gold has risen and continues to remain strong during the day, and new highs are on the way.
In summary, the current short-term bullish gold, short-term correction after the rise; the first new high 2772 area pressure, 2785 area. Next, pay attention to the future market operation, first rely on the intraday low 2740 area to bullish gold, and then yesterday's low area, the key position is raised to 2725-30 area, as long as here is not broken, it is bullish, waiting for the arrival of a new historical high
It is recommended to go long when the gold price retreats to around 2758-2755, protect 2752, and target around 2778 high