On Friday (April 4), at 20:30 Beijing time, the U.S. Bureau of Labor Statistics released the highly anticipated March non-farm payrolls report, which put pressure on gold.
Fundamentals: Today, gold is expected to fall sharply. The market continues to short at resistance points.
Market volatility is expected to increase during the period. The long-short game of the US dollar index near the 102 mark will determine whether it can continue to rise. If it breaks through 103, it may further suppress gold and non-US currencies. Gold is looking for direction in the range of 3080-3100 US dollars/ounce. If risk aversion picks up, it may retest the 3100 mark; on the contrary, if the US dollar continues to strengthen, breaking through 3080 will open up downside space. The decline in US stock futures may continue until early next week.
Fundamentals: Today, gold is expected to fall sharply. The market continues to short at resistance points.
Market volatility is expected to increase during the period. The long-short game of the US dollar index near the 102 mark will determine whether it can continue to rise. If it breaks through 103, it may further suppress gold and non-US currencies. Gold is looking for direction in the range of 3080-3100 US dollars/ounce. If risk aversion picks up, it may retest the 3100 mark; on the contrary, if the US dollar continues to strengthen, breaking through 3080 will open up downside space. The decline in US stock futures may continue until early next week.
Trade active
The market is very volatile today, and accurate entry and exit timing is the key to profit. When unexpected situations arise, it is necessary to adjust strategies quickly and flexibly adjust the direction of transactions. Congratulations to those traders who have successfully used market trends to profit by following my guidance.Remember, indecision will lead to frustration. If you have any questions, please feel free to leave me a message.
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.
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.