

Gold dropped from 2322 to 2293 in early Wednesday trading, rebounding to 2330 in Thursday's European session. This month’s market has formed a small hill on the daily chart, with an overall head and shoulders bottom pattern taking shape. There is a high probability of a downward trend emerging soon. Around next week's non-farm payroll data, a definitive trend might appear. Today, Friday, the market might range trade, and a small position can be set at the location marked by the red box. Please calculate your risk management accordingly.