5.8 Bole Golden Evening Trading Strategy



News outlook: The key focus is on tonight's U.S. April non-farm payroll data. If the data is weaker than expected, gold prices will strengthen; if the data exceeds expectations, gold prices will be pressured, with geopolitical sentiment supporting a bottom.

Technical aspect: Intraday range is 4693-4733, current price around 4720.
Support: 4695-4690; Resistance: 4740-4745.

Trading strategy

1. Before the data: Short from 4735-4740, stop loss at 4746, target 4710-4700; Long from 4695-4700, stop loss at 4689, target 4725-4730.

2. After the data: If broken above 4745, chase long towards 4760-4770; if broken below 4690, chase short towards 4670-4665.

3. Risk control: Strict stop loss, no holding positions overnight, light positions and follow the trend. #黄金##金价##现货黄金##外汇黄金#
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