Gold Spot / U.S. Dollar
Short
Updated

NFP unexpectedly broke out, where will gold go?

136
📰 News information:

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

📈 Technical Analysis:

The unexpectedly negative NFP data caused a sudden plunge in gold prices, which forced me to terminate the transaction urgently. Currently, gold has not fallen below the 3,300 mark. Therefore, I will still pay attention to the closing of the hourly line. If gold closes below 3,320, the downward trend will continue. On the contrary, if it closes above 3,320, gold will consolidate at a high level in the short term. Two days ago, I gave the support level of 3315-3305 below. Please be cautious in trading at the moment.

🎯 Trading Points:

For now, let’s focus on the hourly closing situation

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🌐.

GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD

Trade active
In the short term, the upper resistance is at 3340-3350. If it is touched for the first time during the NY period, you can try to short. If it retreats below 3315-3305 and does not break, you can consider going long.

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.