Biden officially announced giant infrastructure plans. The number of ADP jobs in the United States rose by 517,000 in March, a record high since September last year.
In the new month, everyone with a drawdown monthly candle closed above the monthly chart, along with that on the daily chart time frame, after falling sharply to 1678, this precious metal formed the 2 patterns. the bottom then go up. The session closed yesterday with a fairly strong bullish candle that took up most of the downward pressure of yesterday's candle. So my personal opinion about precious metals is more and more affirmed as in today's 2 that we will continue to buy when prices return to the low range in the coming short term.
On the dollar side, it has been in high demand over the past few weeks, cautious market mood has pushed capital flows into safe assets, while economic strength and rapid vaccine rollout US rapid growth has increased the attractiveness of the greenback.
At the end of last week's session, the gold precious metal had a slight decrease from 1747 to 1721 ($ 26) closed the weekly candle with a bearish candle at 1731. With the end of the week and the close still at the price of 1731, the selling force appeared after 2 consecutive weeks of increasing points. Therefore, in my opinion, at the beginning of daily trading, we can buy short and wait for a good price to sell down with this precious metal.