📌Fundamentals:
The US April non-farm payrolls data (177,000 new jobs) exceeded expectations, reinforcing the Fed's expectations of a smaller rate cut. The market's expectations for rate cuts this year have been lowered from 90 basis points to 85 basis points, and the strengthening of the US dollar has suppressed gold prices.
📊Technical aspects:
From the 4-hour analysis, gold fell after the negative news of non-farm payrolls today, but gold bottomed out and rebounded, and continued to fluctuate. It feels that non-farm payrolls have gradually lost its charm, and the market is not as good as usual. However, today's closing is very critical, and it is also the key to whether gold will turn around. The non-farm payrolls market has basically finished, and the upper side continues to pay attention to the suppression of 3260-68, focusing on the suppression of 3290-95 above, and the short-term support near 3235-3240 below.
🎯Practical strategies:
1. Go short when gold rebounds at 3260-65, cover short positions at 3378-85, and target 3240-3245.
The US April non-farm payrolls data (177,000 new jobs) exceeded expectations, reinforcing the Fed's expectations of a smaller rate cut. The market's expectations for rate cuts this year have been lowered from 90 basis points to 85 basis points, and the strengthening of the US dollar has suppressed gold prices.
📊Technical aspects:
From the 4-hour analysis, gold fell after the negative news of non-farm payrolls today, but gold bottomed out and rebounded, and continued to fluctuate. It feels that non-farm payrolls have gradually lost its charm, and the market is not as good as usual. However, today's closing is very critical, and it is also the key to whether gold will turn around. The non-farm payrolls market has basically finished, and the upper side continues to pay attention to the suppression of 3260-68, focusing on the suppression of 3290-95 above, and the short-term support near 3235-3240 below.
🎯Practical strategies:
1. Go short when gold rebounds at 3260-65, cover short positions at 3378-85, and target 3240-3245.
Trade active
Brothers, the moment the gold hit the target, it was more refreshing than drinking ice Coke on a rainy day. After the non-agricultural data was basically over, we once again harvested good profits. Congratulations to the friends who followed my trading strategy, making a profit of 180pips.Trade closed: target reached
The weekly closing of gold is related to the trend of next week, and 3240 is the key!Gold today Friday can be said to be flawless. Today's market is very powerful. All perfect analysis and grasp: 1. Arrange 3238 long orders first, and reap profits at 3253. 2. Arrange 3264 short orders, and successfully exit at 3250. 3. After the non-agricultural data, arrange 3263 short orders, and reap profits at 3245. Friends who follow my trading strategy, you have also gained a lot. This week is very successful.
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
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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.