XAUUSD: 31/8 Today’s Trading Strategy

At the beginning of the Asian market on Thursday, the U.S. dollar index fluctuated and fell slightly, currently around 103.2, continuing the overnight weakness. Gold prices temporarily stayed at four-week highs, currently around 1945. Gold is now in a volatile trend at the bottom, and the rebound is nearing the end. The big non-agricultural data will be released on Friday. With the news uncertain, gold will not easily break through the daily pressure. Today, we will see a band correction! This Friday is a critical node, everyone needs to take advantage of it.

Yesterday evening, after the ADP data was released, the U.S. dollar index fell sharply. The price of gold once rose to 1948, but this does not mean that gold will continue to break through and rise. The subsequent increase will not be large. It rebounded from 1984 to 1949, close to 65 US dollars, whether it is From the perspective of time and space, the rebound trend is about to end. On Thursday and Friday, we will focus on initial jobless claims data and non-agricultural data. At the top, we will focus on strong resistance near 1953-55. Short-term short orders can start to be placed. Overall, today Jiesse's short-term gold operation ideas suggest mainly shorting the highs, and then going long at the lows. The upper short-term focus will be on the 1950-1955 first-line resistance, and the lower short-term focus will be on the 1925-1933 first-line support.

​Gold operating strategy:

BUY:1935-1938
SL:1930
TP1:1944
TP2:1950

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August has passed, friends, no matter whether you were scarred or full of profits last month, we welcome the new month, follow Jiesse's steps and let's make money together!

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I love gold, a great start

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A new week, a good start and good luck🙏🏻