At the beginning of the Asian session on Monday (July 29), spot gold rose slightly, soaring nearly $15 at one point, breaking through the 2400 mark to 2303. Last Friday, the price of gold rose 1% to close at $2388.15/ounce. Although the US PCE data was stronger than market expectations, it failed to change the market's expectations of the Fed's September rate cut, and bargain hunting poured in to support gold prices. In addition, factors such as concerns about the geopolitical situation in the Middle East and the uncertainty of the US election have led to a rebound in the safe-haven demand for gold. At present, the upward trend is still concerned about the pressure in the 2420-30 range. Generally, event-driven sustainability is not strong, mainly depending on the development of events. In addition, this week is the non-agricultural market week, and operations need to be cautious. It is necessary to reduce profits and stop losses to protect capital. Don't let profits turn into losses. The specific operations are as follows:
1. BUY at 2398, stop loss at 2405, target at 2390-80-70;
2. Sell at 2360, stop loss at 2355, target at 2370-80-90 #XAU/USD# #mytradingstory# #Signal# #Todayanalysis#
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