7.3 Gold Morning Review: Non-Farm Payrolls Bullish Continues, High-Level Small Consolidation



Last night's non-farm payroll data was significantly bullish for gold, and the market rallied strongly as expected, with the bullish trend fully aligning with midnight forecasts.

This morning, gold prices are oscillating narrowly at highs, the upward pace has slowed, with only a small sideways consolidation; the overall bullish trend remains unchanged.

Technicals: The 1-hour Bollinger Bands are opening upward, with prices stably above the middle band; the 30-minute Bollinger Bands are also moving upward, with gold prices oscillating along the middle band. Indicators have returned to neutral territory, with no significant pullback momentum.

Short-term resistance: 4144, 4152; support: 4114, 4094.

Keke's suggestion: In early trading, follow the trend and mainly go long on dips. Enter longs around 4100-4120, targets 4135, 4155; after a rally shows signs of stagnation, consider light short positions with strict stop-loss.

Disclaimer: The above are only personal opinions and do not constitute investment advice.
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