XAUUSD:Will gold continue to rise?

With the help of yesterday's data, the price of gold once plummeted by more than 20 US dollars, hitting a low of around 2320 points. With the current trend, more people must be concerned about whether gold can still rise? Will it still rise?

At least for now, gold still maintains a bullish trend, and the market is about to enter a wide range of fluctuations. Wednesday also saw a long-awaited pullback lower, giving bears some breathing room. The price fell all the way to the 2320 line during the session and fluctuated repeatedly. It is not that easy for gold to completely weaken now.
It needs to experience high amplitude, and the callback indicators gradually become obvious, attracting high prices to continue to take orders, and making short sellers fear the market. Gold fluctuated around 2350 during the US trading session. Yesterday our long orders at 2330 and 2338 were also profit-taking here. We need to trade below that point today as well.

as the picture shows;
The current trading strategy range is: 2320-2325 as short-term support, with upper pressure near 2350.

Bulls on the lows remain the main focus when trading around this range.

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Transaction en cours

Transaction en cours

Transaction en cours

Transaction en cours

Trade fermée: cible de profit atteinte:

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