Weekly close at 5175! Non-farm payrolls boost the market, and next week we remain confident in pulling back to buy.

This week, gold closed at 5175, with a strong rally at the end of the week. The main upward trend remains unchanged. Next week, the core strategy is still to pull back and buy.

On Friday, intraday volatility was observed. Before the non-farm payrolls report, gold prices sharply dropped to 5062, precisely hitting the support level I emphasized intraday. Relying on the healthy upward channel, I decisively provided a buy strategy at that level. After the data was released, gold rebounded to 5130, then retraced to 5080-5090 for a shakeout, which did not alter the upward momentum. Our buy positions were successfully profitable.

On the 4-hour chart, gold has consistently moved within the ascending channel, with multiple strong rebounds from the lower boundary, demonstrating strong trend resilience. Our analysis is based on market facts and not swayed by market noise.

Next week, operation will adhere to a prudent principle, mainly focusing on buying during pullbacks, avoiding chasing highs and blind following.

Gold's core strategy for next week:

Pull back to around 5115-5120, add positions at 5080-5090, with a stop loss below 5066. Target 5230-5240, and hold for new highs if broken.

Reminder:

The above analysis is my personal view. Markets change rapidly, so everything is based on my actual analysis! $XAU ‌#2月非农意外负增长 #加密市场小幅下跌