3330 is the key, if you can't break through, go short

9 May

Yesterday, Trump announced a breakthrough trade agreement with the UK. As a result, the US dollar index rebounded rapidly and gold fell accordingly.

Yesterday, our strategy was to buy at 3330, and the gold price just touched TP3370 and began to fall.
And 3330 has now turned from support to resistance, so whether the gold trend will break through 3330 becomes particularly important.

Once gold breaks through and stabilizes at 3330, it is very likely to touch 3350. Otherwise, if it cannot cross 3330, it will maintain a low consolidation and even fall to a new low.

9 May

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Gold stands firm at 3330, you can look for opportunities to go long on gold