The above is a personal subjective analysis for reference only. Please be reminded not to follow the trades, and any losses are at your own risk.
Gold dropped from 2322 to 2293 in early Wednesday trading, rebounding to 2330 in Thursday's European session. This month’s market has formed a small hill on the daily chart, with an overall head and shoulders bottom pattern taking shape. There is a high probability of a downward trend emerging soon. Around next week's non-farm payroll data, a definitive trend might appear. Today, Friday, the market might range trade, and a small position can be set at the location marked by the red box. Please calculate your risk management accordingly.
Risk Warning and Disclaimer
The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
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