- &nbsp;&nbsp;U.S. non-agricultural employment report performed unexpectedly beautifully, providing support for the USD. The market generally expects the Fed to keep the current interest rate unchanged, which is not good for gold prices. In addition, the market's worry about the international trade situation has cooled as the global stock market picked up again, suppressing the risk aversion.&nbsp;
- Technically, the price of gold fell below the 20-day moving average line, and the bearish signal significantly increased. The price near the Bollinger middle rail was blocked once again, and the rise recorded on the upper line of the K line, suggesting strong selling pressure above. There may be a larger downward space.&nbsp;

XAU/USD analysis

maiwen zhang

Dec 01 2020

Stop Loss -0.39%

Holding time 13hr

1460.57

Entry price

1466.31

Stop loss price