NF shows a volatile downward trend

293

📌 Gold Information

China's Ministry of Commerce announced on Friday that the United States has recently initiated communication through official channels, expressing interest in restarting tariff negotiations. Beijing is currently evaluating the proposal, which has sparked optimism that a solution to the long-standing tariff deadlock between the world's two largest economies is imminent.

New hopes for a breakthrough in trade negotiations helped the dollar rise to a three-week high on Thursday, pushing gold prices down towards the $3,200 mark. However, the dollar's bullish momentum remains weakened as the market increasingly digests expectations that the Federal Reserve may cut interest rates further, especially with the closely watched US non-farm payrolls data about to be released.

📊Comment Analysis
NF news volatility is certain, having accumulated significantly since last week. Gold price confirmed the trend after breaking through 3267, and fluctuated downward below 3200

💰Strategy Package

TP1: $3290
TP2: $3280
TP3: $3270🔥

Buy gold area: $3175 - $3177 SL $3170
TP1: $3185
TP2: $3200
TP3: $3210⭐️

⭐️ Note: Labaron hopes that traders can properly manage their funds

- Choose the number of lots that matches your funds

- Profit is 4-7% of the fund account

- Stop loss is 1-3% of the fund account

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