Gold will continue to rise next week.
Last Friday's non-agricultural data was the same as expected, still a pattern of market fluctuations. Before the data, gold prices were always suppressed by the high of 2873 on Thursday and retreated. After the release of non-agricultural data, the market also fell to 2852 to get support. Then the US dollar just reached the daily level pressure and retreated. Gold prices once again broke through the non-agricultural high of 2871. Then continued to rise to 2875. However, the retreat did not break the non-agricultural high of 2871, which means it will set a new record high. In the end, gold prices once again set a new record high to above 2886 and retreated again under pressure.
Next week, gold will mainly focus on falling back and going long, and will continue to break new highs.
I will continue to update gold trading signals after the opening
2860 can be used as a suitable entry point for going long.
Next week, gold will mainly focus on falling back and going long, and will continue to break new highs.
I will continue to update gold trading signals after the opening
2860 can be used as a suitable entry point for going long.
Trade active
Short selling is possible around 2885, target 2870
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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.
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.