Is the entire network bullish? Trade with caution

Gold rose yesterday without any obvious pressure, and bulls continued to exert their strength, 🐂but various technical indicators were close to the overbought area yesterday, and there is a need for technical correction in the short term. 📊

At the same time, due to the lack of certain news to drive gold, it is inevitable that gold will experience a correction today. 📉

Today's general trend is to go long when it falls back to support.📈 Focus on the effectiveness of the support at 3405-3395 below. After stabilizing here, you can consider going long and looking towards 3420-3430.🎯

Key data will be released later in the day, with core PCE data closely watched for new clues on whether the Fed will ease policy further after its September meeting. Any unexpected downside in the core PCE data could increase bets on a Fed rate cut, thereby weakening the US dollar and driving gold prices higher.👀

Today is Friday, and the weekly and monthly lines are about to come to an end. 📊It is necessary to be cautious in trading during the day to prevent unexpected events or possible one-sided market conditions. Strictly eliminate uncontrollable consequences caused by frequent transactions. 🙅‍♂️If there are any adjustments, we will notify you before the market opens.