Gold Spot / U.S. Dollar
Long
Updated

Will the NFP impact cause the bear market to dominate?

253
📰 News information:

1. Initial jobless claims and NFP data
2. The final decision of the Federal Reserve

📈 Technical Analysis:

In the previous post, I have stated that if the hourly line closes above 3320, gold will fall into high consolidation in the short term. Currently, gold fluctuates narrowly in the short term. I think now we just need to be patient and wait for key points to enter the market. The daily and weekly lines clearly show that the high point of the oscillation range is constantly moving up, and the center of gravity continues to rise. The current market is quietly accumulating momentum, and a new round of weekly and monthly lines are about to rise. Therefore, first of all, I will pay attention to the defensive point below 3320, and then refresh the point below is the previously mentioned 3315-3305. If the point below is touched to get effective support, you can consider going long. Bros who trade independently must strictly set TP and SL to avoid the impact of market fluctuations.

🎯 Trading Points:

BUY 3320-3315-3310
TP 3330-3340-3360

In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, confronting your mistakes, and strictly disciplining yourself. I hope my analysis can help you🌐.

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At present, gold has rebounded again to around 3333, which is also the trading area with relatively dense trading points in the early stage. If it rebounds again to around 3340 in the short term, we can consider shorting and look at our support point.

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