Market participants who are bearish said that there are not enough factors to help the international gold price get rid of the range shock next week. RichDeFalco, director of 76CapitalPartners, said that the significant rise in international gold prices was delayed, but it was not abandoned. The demand for risky assets has not been abandoned, and the threat of inflation is not great.

The report of non-farm payrolls data in the United States shows that the labor recovery in this country is uneven. The US real estate market has picked up, but the government still needs to solve the debt ceiling and fiscal expenditure.

Judging from the daily closing pattern, a Zhongyang line with a long shadow line and non-agricultural data market are just a trick. At present, the short-term market is once again in a narrow triangle arrangement, from the big triangle of 1685- 1658 to the small triangle of 1674- 1662. No matter which direction we break through this week, there will be a wave of homeopathic development.

In the short term, the price of gold may fluctuate and adjust, and this week's ECB meeting may give further guidance to the price of gold. If it falls below 1652 this week, see below 1644. Be conservative and long at 1642, stop loss 1638, and stick to the middle line layout of the above target.

According to the gold market center, the price of gold today is 1665.25 USD/oz at 09: 03 Beijing time.