Gold trend analysis and layout before NFP data

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📰 News information:

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

📈 Technical Analysis:

Due to the Independence Day holiday this week, the NFP data was released ahead of schedule today, while the policy differences within the Federal Reserve have brought uncertainty to the market. Judging from the market trend, the 4H level shows that the gold price tested the upper track yesterday and then turned to high-level fluctuations after coming under pressure. In the short term, the structure still has bullish momentum after completing the accumulation of power. Although there was a correction in the US market yesterday, it stopped falling and rebounded near 3335, further confirming the strength. At present, the upper resistance in the European session is at 3365-3375, and the short-term support is at 3345-3335 below. Intraday trading still requires good SL to withstand market fluctuations. In terms of trading, it is recommended to mainly go long on callbacks

🎯 Trading Points:

SELL 3365-3375
TP 3350-3340-3335

BUY 3335-3330-3325
TP 3350-3360-3375

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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