Gold Spot / U.S. Dollar
Short
Updated

Gold 2919-2925 short, waiting for non-agricultural guidance

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Before the non-agricultural data is released, the short-term trend is likely to continue to fluctuate. At present, the amplitude of the fluctuation is too large. The current support below is maintained at 90, and the pressure above is maintained at 20. In the short term, we can do some oscillation operations around this range. Once a breakthrough occurs, we can continue to follow up in the later stage. The previous value of non-agricultural data is 14.3, and the expected value is 16. The value in the evening is likely to be higher than 16, which may also have a negative effect. In the day, we still wait for the bulls to pull back and short near 2919-2925, and the target is the area near 2910-2900.

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Brothers, the volatility of gold has converged at present and tends to fluctuate in a narrow range. It is not suitable to buy as it is approaching our target price in a short time. We will notify you in time if you have a good position and you can participate in the transaction. Please be patient and wait. Patience is an excellent quality that a qualified trader must possess!

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