XAU - growth is limited. Looking at the chart of gold I think that the growth of the last few days I think that this growth does not look like an impulse. Once again, I confess that I am not a wave specialist, but nevertheless I have some idea of wave analysis. I mean that this growth does not look like an impulse wave structure - where there are three driving waves and two corrective ones. So far, there are few other arguments available, but it is the structure that suggests that this growth will be limited. Perhaps, nevertheless, there is one more argument - in all those cases when I managed to earn money, I was dealing with an impulse movement. Now I have not been able to find the entry point. Sadly. So far, we can rely on the technical levels that I outlined yesterday and follow the moment where, where and when exactly this growth will end. On September 1, US employment data will be released. The forecast (170K) is still not particularly optimistic in my opinion compared to the previous 187K data. Moreover, the report may turn out to be the weakest in the last two and a half years. Perhaps, in anticipation of these data, purchases began on the gold market.