Gold fell back after a cyclic rise in the morning, and the price lost today's starting point. The current position is near the starting point of Friday! If the Asian session cannot bottom out and rebound, then we must be careful of further declines to 3260 in the European session to test around 3230. This position will not be reached soon, but after the loss of the key position, the momentum below will gradually open up, so today the long position is at 3260.
This week's data reference: Wednesday's ADP employment report, Friday's non-agricultural data
Recent fundamental news is complicated, and the fluctuations in the past two weeks are relatively large compared to before. The fluctuations in a single day will basically exceed 100 US dollars, so we must pay attention to strict loss control in operations.
Intraday view: After a short-term retracement, the first pressure level: 3315-17 top and bottom conversion position Strong pressure focus: 3337-43
If it can't reach the support, it's still at 3260. If it breaks down, the US session will look for a position to fall back.
This week's data reference: Wednesday's ADP employment report, Friday's non-agricultural data
Recent fundamental news is complicated, and the fluctuations in the past two weeks are relatively large compared to before. The fluctuations in a single day will basically exceed 100 US dollars, so we must pay attention to strict loss control in operations.
Intraday view: After a short-term retracement, the first pressure level: 3315-17 top and bottom conversion position Strong pressure focus: 3337-43
If it can't reach the support, it's still at 3260. If it breaks down, the US session will look for a position to fall back.
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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.