https://www.tradingview.com/x/b9QGYiyl/
💡Message Strategy
The spot gold market experienced a V-shaped reversal trend.Driven by unexpectedly weak U.S. non-farm payrolls data and risk aversion triggered by Trump's new tariff policy, gold prices rose nearly 2% on Friday to a one-week high of $3,347.66 per ounce, up 0.4% for the week. The Federal Reserve kept interest rates unchanged, but weak employment data rekindled expectations of a September rate cut, increasing the appeal of gold as a non-yielding asset.
At the same time, Trump's decision to impose tariffs of 10%-41% on many countries has exacerbated market concerns about global trade tensions and boosted the safe-haven demand for gold.
📊Technical aspects
The 1-hour moving average of gold has begun to turn upward, and the 1-hour moving average of gold has a double bottom structure. However, gold should not have such a large pullback for the time being. After the non-farm payrolls on Friday, gold fell back to the 3335 line and then began to fluctuate upward at a high level. The 3335-3345 area was also an important platform support in the early stage. Therefore, gold will mainly be bought on dips above 3335 next week.
💰Strategy Package
Long Position:3345-3355，SL:3325，Target: 3380-3400
💡Message Strategy
The spot gold market experienced a V-shaped reversal trend.Driven by unexpectedly weak U.S. non-farm payrolls data and risk aversion triggered by Trump's new tariff policy, gold prices rose nearly 2% on Friday to a one-week high of $3,347.66 per ounce, up 0.4% for the week. The Federal Reserve kept interest rates unchanged, but weak employment data rekindled expectations of a September rate cut, increasing the appeal of gold as a non-yielding asset.
At the same time, Trump's decision to impose tariffs of 10%-41% on many countries has exacerbated market concerns about global trade tensions and boosted the safe-haven demand for gold.
📊Technical aspects
The 1-hour moving average of gold has begun to turn upward, and the 1-hour moving average of gold has a double bottom structure. However, gold should not have such a large pullback for the time being. After the non-farm payrolls on Friday, gold fell back to the 3335 line and then began to fluctuate upward at a high level. The 3335-3345 area was also an important platform support in the early stage. Therefore, gold will mainly be bought on dips above 3335 next week.
💰Strategy Package
Long Position:3345-3355，SL:3325，Target: 3380-3400
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Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.