Non-agricultural prospective data analysis Operation suggestions
📌Fundamentals:
[Reference: US-Ukraine mineral signing, Russia-Ukraine peace talks, US increases tariffs]
[Data: non-agricultural data, durable goods orders]
📊Technical aspects:
Technically, spot gold is in a downward trend in the short term, and there is a certain rebound or shock at the key support level. At the 4-hour level, the gold price is running above the lower track of the Bollinger Band, and the opening shows signs of contraction. The MACD indicator dead cross is gradually closing, and the RSI indicator is running in the 35-45 range, showing that the long and short forces are relatively balanced.
🎯Practical strategy:
3260-3270 light position short, target 3225-3200. When it reaches 3225-3200 and stabilizes, try to go long, target 3250-3270.
[Reference: US-Ukraine mineral signing, Russia-Ukraine peace talks, US increases tariffs]
[Data: non-agricultural data, durable goods orders]
📊Technical aspects:
Technically, spot gold is in a downward trend in the short term, and there is a certain rebound or shock at the key support level. At the 4-hour level, the gold price is running above the lower track of the Bollinger Band, and the opening shows signs of contraction. The MACD indicator dead cross is gradually closing, and the RSI indicator is running in the 35-45 range, showing that the long and short forces are relatively balanced.
🎯Practical strategy:
3260-3270 light position short, target 3225-3200. When it reaches 3225-3200 and stabilizes, try to go long, target 3250-3270.
Trade active
Today, Friday, the non-farm data will be released, but after gold hit 3202 last night, it has already started to rebound in advance. Therefore, it is very likely that this wave of gold rebound is not true. If it really wants to rebound, there is no need to rise before the non-farm data. Now that gold has risen before the non-farm data, it is very likely to be an illusion, paving the way for further declines after the release of the non-farm data.Trade closed: target reached
Gold price rebounded to around 3269, triggering the 3260-3270 short order plan. With the negative impact of non-agricultural data, the short position gained ideal returns! The strategy accurately matches the market rhythm. If you follow my trading strategy, you should also reap good profits, so congratulations!
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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.