Gold, waiting quietly for the non-farm data to be released! #Gold

Original

June 5, 2026 18:18

"Teacher Li, don’t look at the rise, as soon as you see it go up, you become inaccurate." This sentence sounds like a joke, but behind it hides the true psychology of many traders. When the market rises, they hope someone tells them it can go higher;
When the market falls, they hope someone tells them it’s almost bottomed out;
If their judgment is correct, they think the teacher is a genius;
If wrong, they think the teacher is unreliable. But trading is never truly difficult because of a single bullish or bearish view. The real challenge is:
Can you accept that the market doesn’t move according to your ideas?
Can you correct yourself in time when your judgment is wrong?
Can you avoid greed when profitable and avoid holding on when losing?
Can you stop relying on someone else’s words and instead build your own trading rules? The market isn’t here to prove who’s right.
The market is here to filter out who’s mature. If you’re only looking for someone who’s always correct, you will always be disappointed.
Because there’s no analyst who’s always right in this world, only those who keep adjusting. The core of trading isn’t predicting the future.
It’s about controlling risk, managing positions, and executing discipline in an uncertain future. So don’t ask: “Teacher Li, is this bullish call accurate?”
Instead, ask: “If I’m wrong, do I have a plan to respond?” Truly mature traders don’t blindly trust opinions.
They respect logic and respect stop-losses.
They value direction, but more so the boundaries. The market can deceive, emotions can deceive, short-term results can deceive.
But in the long run, rules won’t deceive. Trading isn’t about who calls it right,
It’s about who survives longer, walks steadily, and holds their ground.
Analysis of gold views: Today is the last trading day of the week. At 20:30 US market time, May’s US non-farm employment data will be released, with a previous value of 115k, expected 85k, and the unemployment rate remaining steady at 4.3%. Based on expectations, the data is bullish for gold, provided employment falls below 85k. The US ADP employment change for May was 122k, higher than expectations and the previous figure, so Thursday’s US weekly initial jobless claims are bullish for gold. In other words, an increase in employment on Wednesday and a rise in unemployment on Thursday create conflicting data. Market focus is on tonight’s non-farm payrolls. After peaking at $4,500 last night, gold has fallen back; the overall trend isn’t optimistic, showing typical oscillating downward correction. Currently, after a one-hour rally, the strength continues, but the overall high points are gradually shifting lower. If $4,425 is broken, the decline will accelerate. In a ranging market, there’s no right or wrong in long or short positions—only different locations. Last night during the US session, a live trade at $4,490 indicated a top-bottom reversal for a long position, with an exit at $4,510. Similarly, some took a short at $4,510 and profited, each acting from different positions. Today, Asian and European sessions focus on the $4,425 support level, using it as a bounce point below which to look for a rebound, but the upside shouldn’t be overestimated—aim for $4,480–$4,490. If a rebound occurs, consider shorting around $4,480–$4,490. If $4,425 is broken, the next support is at $4,400.

Disclaimer: The market carries risks; investment should be cautious. This article does not constitute personal investment advice and does not consider individual readers’ financial situations or investment goals. It only records the author’s personal views and opinions. Invest at your own risk.