In the early session$XAU , moving along the BOLL upward channel, bulls pushed the price higher continuously. Currently, the price is running close to the upper BOLL band. After the surge, it has entered a consolidation phase with a slight pullback.



Tonight, the non-farm payrolls data will be a major event. The strength of the employment data will directly affect the movements of U.S. Treasuries and the dollar, thereby triggering significant fluctuations in gold.

The upper BOLL band at 4075 constitutes short-term strong resistance, while the middle band at 4060 is the core support below. The overall channel is opening upward, and the bullish trend remains intact. However, after the price surged to touch the upper band, there is a short-term technical correction demand due to pressure.

Place long positions on pullbacks to the 4030-4050 range, targeting 4080 and 4100.
#Circle股价重挫17% #TradFiCFD黄金大师赛
XAU2.28%
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