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【6.5 Friday·Non-Farm Payrolls Night Warning】
Good morning everyone! Today is Friday, and also this week's "decisive day."
Before the data, there’s not much big movement, and the 4460 level is also quite trivial, no need to fuss.
The current situation is very clear: the trend is bearish. Last night’s initial jobless claims data pushed up to 4515, but in the end, it just fell back? That’s a classic trap move.
Tonight’s focus: as long as the non-farm payrolls are as strong as the small non-farm payrolls, gold is very likely to drop sharply!
Short-term reference:
Short position zone: near 4472-4480.
Defensive support: 4420, if it breaks 4420, 4400 will also be hard to hold.
Additional: Putin’s side said they are willing to compromise, and the geopolitical conflict is easing, which is also bad news for gold [shrug].
(Risk warning: The market changes rapidly, please be sure to set stop-loss orders!)