Trend analysis and signals
Updated
The trend of gold yesterday was no different from that of the previous few days. The only difference is that it is constantly breaking through the highs above. From the current point of view, the rise of gold has not ended. There is no news data on Thursday. The main focus can be on today's NFP. The overnight retracement low of gold near NFP is 2650, which is a strong support. It is still bullish if it holds!
Gold has remained strong since closing at the 2670 mark. The daily line maintains a bullish structure intact! The MA10/7-day moving average opened up to 43/56, and the New York closing price stood above the 60-day moving average. The hourly and four-hour charts Bollinger bands opened upward and the price was running in the middle and upper track.
Gold has repeatedly risen and fallen. At present, the trend of the market has been maintaining a steady upward trend. The lows are constantly rising, and the highs are constantly breaking upward. It is expected that today's Asian session will continue to maintain this upward pattern, and the future operation will continue to be mainly low-long!
Today is Friday and NFP day. I believe everyone is familiar with the recent NFP market trends. Most of them are just widening the amplitude of fluctuations. The 1-hour moving average continues to diverge upward. Gold bulls still have room to move upward. Gold fell back yesterday and got the first-line support of 2660 without breaking. Then gold will continue to buy on dips at 2660 in the Asian session. The bullish trend will continue. Go with the trend.
First support: 2663, second support: 2650, third support: 2668
First resistance: 2680, second resistance: 2691, third resistance: 2700
Operation ideas:
BUY: 2659-2661
SELL: 2688-2690
Gold has remained strong since closing at the 2670 mark. The daily line maintains a bullish structure intact! The MA10/7-day moving average opened up to 43/56, and the New York closing price stood above the 60-day moving average. The hourly and four-hour charts Bollinger bands opened upward and the price was running in the middle and upper track.
Gold has repeatedly risen and fallen. At present, the trend of the market has been maintaining a steady upward trend. The lows are constantly rising, and the highs are constantly breaking upward. It is expected that today's Asian session will continue to maintain this upward pattern, and the future operation will continue to be mainly low-long!
Today is Friday and NFP day. I believe everyone is familiar with the recent NFP market trends. Most of them are just widening the amplitude of fluctuations. The 1-hour moving average continues to diverge upward. Gold bulls still have room to move upward. Gold fell back yesterday and got the first-line support of 2660 without breaking. Then gold will continue to buy on dips at 2660 in the Asian session. The bullish trend will continue. Go with the trend.
First support: 2663, second support: 2650, third support: 2668
First resistance: 2680, second resistance: 2691, third resistance: 2700
Operation ideas:
BUY: 2659-2661
SELL: 2688-2690
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