Roey_

XAUUSD:Data Trading Signals

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

Starting today in the U.S. market, there will be initial jobless claims data, and the superposition of the two will have a great impact on gold.

More importantly, gold is now near 1900. Usually, there is support at the integer mark, which makes the data more important. If it is bearish for gold, will it fall below or rise in the opposite direction? If it is bullish, it will definitely rise, so we don't have to think about it.

Therefore, when trading data today, my point of view is that if the data is bullish for gold, go long directly.

If it is a bear, wait and see first, the short position is strong, and then chase the short position.

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