Fundamentals:
Focus on US economic data and Fed dynamics;
Technical aspects:
Gold fell below 3290 as expected, and even fell below 3280 beyond expectations. Our short positions also made a lot of money. At present, gold continues to fall to around 3272. Although the short momentum is relatively obvious, it is already close to the recent low support of 3265-3260. I think that before the NFP market, gold may not form a unilateral downward trend, so there are still repeated ups and downs in the short-term trend. Therefore, when approaching the low support area of 3265-3260, we might as well consider short-term long gold.
Trading strategy:
Consider going long gold in the 3275-3265 area, hoping that gold can rebound to the 3285-3295 area.