This week will usher in the first NFP data since 2025. Last week, due to the New Year's Day holiday, the market volatility was not very large, but gold still showed a good rebound trend.
Today, Monday, the gold price continued the downward trend of last Friday. This is not a good start. Although I dare not say it is absolute, experience tells me that I can't continue to chase the rise today.
From the line mark of the 1H chart, the resistance of the gold price is 2650 and the support is 2625. The current price is very close to the upper resistance. Therefore, if nothing unexpected happens today, I will choose to sell here if 2650 is not broken.
The key data this week is Friday's NFP, so before the data is released, the gold price is likely to run in the support and resistance range.
So my main trading strategy in the first few days of this week is to do high-sell and low-buy transactions in the support and resistance range.
Today, Monday, the gold price continued the downward trend of last Friday. This is not a good start. Although I dare not say it is absolute, experience tells me that I can't continue to chase the rise today.
From the line mark of the 1H chart, the resistance of the gold price is 2650 and the support is 2625. The current price is very close to the upper resistance. Therefore, if nothing unexpected happens today, I will choose to sell here if 2650 is not broken.
The key data this week is Friday's NFP, so before the data is released, the gold price is likely to run in the support and resistance range.
So my main trading strategy in the first few days of this week is to do high-sell and low-buy transactions in the support and resistance range.
Trade closed: target reached
Reached TP: 2625
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🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
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.
📣More detailed real-time trading strategies will be released in the channel, welcome to join and get them
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
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.