XAUUSD:Initial jobless claims data analysis

Guys, there is important news and data today. During U.S. trading time, the market will be more volatile. Everyone should have good profits this week. Don’t be too greedy. If your account is relatively small, I recommend not to participate in the data market.

You can wait for the data to be released and look at the market conditions before deciding whether to participate in subsequent transactions. Of course, this is just a suggestion. If you want to trade, please strictly manage risks!

Judging from the current shape of the market, there should be a pullback before the data is released, and I think today’s data is more likely to be bullish for gold.

Therefore, if the market is as expected and falls before the data is released, you can start to go long. If not, it is best to go short in batches after the data is released, so that the probability of being trapped is smaller.

Good luck, everyone!

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morning