The near-term outlook depends on Friday's release of U.S. labor data. A strong nonfarm payrolls report could reinforce the Federal Reserve's current policy of maintaining interest rates, putting pressure on silver by boosting the U.S. dollar and U.S. Treasury yields. On Wednesday, the 10-year Treasury yield held at 4.456%, while the 2-year yield stabilized at 3.964%, reflecting a market in a wait-and-see state. At the same time, the Federal Reserve's Beige Book and recent official comments continue to reflect a cautious stance, particularly on trade risks. Gold oscillated at low levels today before breaking upward, achieving a bullish breakout. Combined with the bullish impact of the ADP Nonfarm Employment Change data, gold bulls are expected to continue their momentum.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@3340-3350
TP:3380-3390
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@3340-3350
TP:3380-3390
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.