XAUUSD trade analysis
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The price of gold has maintained a weak oscillation within a narrow range this week, with the center of gravity shifting slightly downward. The weekly long trend remains intact, but there are signs of entering a short model on the daily line. The price of gold is currently running below the watershed of 2049 US dollars per ounce for this week's long and short positions. , also shows that the current trend is that short sellers have a slight advantage, and beware of short-term international gold price corrections. On the upside, attention will be paid to whether bulls can regain the key position of this week's watershed of $2,049 per ounce. If it can effectively break through this position, the resistance can be adjusted to around $2,075 per ounce. On the downside, support continues to focus on around 2016 US dollars per ounce. If it effectively falls below this position, the support will be adjusted to around 1994 US dollars per ounce.
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