Xauusd:Will it continue to rise?

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The number of people continuing to apply for unemployment benefits in the United States reached the highest level since 2022, and the number of people applying for unemployment benefits for the first time rose to 231,000, the highest level in nearly three months.Coupled with recent inflation data, it strengthens the view that the Fed is unlikely to raise interest rates further.These unfavorable U.S. economic data have exacerbated the decline in U.S. Treasury bonds, which are usually regarded as the cost of holding non-yielding metals, causing gold to soar.

Yesterday, after breaking through 1975, gold rose rapidly, reaching a peak of 1992 today.

Judging from the indicators, the 4H-level RSI has been overbought twice, and 1H has also reached the top of the trend.

ut the important resistance above is near 2007

Today is Friday, so you need to trade more cautiously

If you don't know how to trade, join me and let us learn together to improve the success rate

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Has fallen, observe the support of 1985

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It's still a downward trend, and it hasn't broken through the suppression point.

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As I expected, gold fell

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1975-1980 is yesterday's rising point

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Follow me

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The volatility is already very small, waiting for next week

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Join me and I will continue to share next week

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It has been shared today and will be updated later