GOLD: Trade to Keep Sell Order Trades as the Main Focus!
$Gold - main 2508(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ This week investors will focus on the Fed's monetary policy resolution, as well as the U.S. non-farm payrolls, GDP and other heavyweight data, is expected to trigger this week's big market.
Technical: Gold is now continuing wide oscillation, rising and falling without continuity!
Four unsuccessful attacks on $3,450 show the increased willingness of long positions to be closed, and a drop below the 50-day SMA could lead to a quick dip to $3,150.
The next target will be $3309 if it falls below $3321.50 today, and if it falls below $3300, it could fall further towards $3250. Above that, watch out for the important resistance at 3350! If it fails to stabilise at 3350, gold will continue its downtrend!
Trade to keep sell order trades as the main focus!
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