5.8 The Fourth Night's Gold Trading Strategy Analysis



News Focus: Tonight's key attention on U.S. non-farm payrolls and unemployment rate data: weaker-than-expected non-farm payrolls and rising unemployment rate indicate softening employment, increasing expectations of rate cuts, and gold trending higher. If non-farm payrolls exceed expectations and unemployment rate decreases: the dollar strengthens, gold is prone to spike and then retreat, watch for short-term shakeouts.

Technical Analysis: Gold price surged to 4734 then faced resistance and pulled back, with short-term upward pressure clearly present. Support below is focused on the 4714-4694 range, with strong resistance still at the 4734 intraday high. Moving averages are converging, Bollinger Bands are tightening, indicating a short-term consolidation.

Trading Reference: Buy on dips in the 4700-4720 range in batches, targeting 4750, 4780, 4800. #黄金 #现货黄金 #外汇
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin