FX.co ★ XAU/USD, GOLD

Hello traders, of course, today GOLD was not traded, so nothing has changed. In general, we still have a local upward movement. Although it should be noted that we have already reached targets around 4730, went even higher, trying to break above 4800, but failed to hold above that level. As a result, we saw a decent drop as we went below 4600, but didn't stay there either. We started to grow again, but it would be nice to see gold higher, as for now this rise looks like a pullback. I assume that the opening will have a gap because today we received positive labor market data in the United States, which will be reflected in the market. Nevertheless, I am still leaning towards a short position, so if we climb above 4750 again, I do not exclude the possibility of selling.