XAUUSD: Golden week end market analysis

Gold closed higher, having briefly crossed the $1,920 mark during the session. Gold has been boosted by weak US personal consumption spending, which has driven down US Treasury yields and thus weakened the US dollar. In addition, the short-term direction of gold will depend on bets on the Fed's next interest rate decision, which will be heavily influenced by key labor market data next week.

Gold technical analysis, on the daily line, Friday gold briefly fell near 1900 after the recovery, did not effectively continue the decline, recorded in the disc with the shadow of the sun, on the daily line, the current gold after a decline after a rebound, short-term or will see near 1930 resistance; 4 hours on Friday, gold held at a low level after the recovery, intraday puncture rail, overall, gold is currently slowing down, but short-term or will test the 1930 weekly line suppression, next Monday's operation suggested a rebound short, above the 1930 line resistance, below the 1900 barrier support, while paying attention to the above and below the breakthrough situation can be changed.

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1919