Are you disappointed with NFP? But I think gold will fall again
Updated
Dear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market was not as good as expected. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around 2294.
https://www.tradingview.com/x/Sv3a8RJj/
To be honest, this data makes me a little disappointed. But will gold continue to fall? I think gold will continue to fall after the rally. Because gold has touched its lowest position near 2267 during the decline, it has destroyed the early strong trend to a certain extent.
Therefore, I will not be overly bullish on gold at the moment. In addition, gold is still suppressed by the previous high near 2305, and the bearish structure on the hourly chart still needs to be digested on the technical level. The current news and technical resonance are negative for gold, so even if there is a partial rebound in gold, I always believe that gold will continue to fall.
At present, I still hold short gold orders near the 2294 and 2302 positions. Although I am currently at a floating loss, I am not worried at all. I always firmly believe that gold will fall again and turn losses into profits!
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
https://www.tradingview.com/x/Sv3a8RJj/
To be honest, this data makes me a little disappointed. But will gold continue to fall? I think gold will continue to fall after the rally. Because gold has touched its lowest position near 2267 during the decline, it has destroyed the early strong trend to a certain extent.
Therefore, I will not be overly bullish on gold at the moment. In addition, gold is still suppressed by the previous high near 2305, and the bearish structure on the hourly chart still needs to be digested on the technical level. The current news and technical resonance are negative for gold, so even if there is a partial rebound in gold, I always believe that gold will continue to fall.
At present, I still hold short gold orders near the 2294 and 2302 positions. Although I am currently at a floating loss, I am not worried at all. I always firmly believe that gold will fall again and turn losses into profits!
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Trade active
Add a position to short gold near 2320Trade active
You can short gold again in the 2325-2328 area and wait for gold to fall back.Trade active
If gold does not break through 2330, you can continue to short gold in the 2225-2330 area
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