Gold layout on the eve of non-agricultural
💡Message Strategy
Gold has experienced the baptism of war, the first round of interest rate cuts by the Federal Reserve, and the stimulus of trade tariffs, and has reached a high of $3,500 in one fell swoop. What kind of support is needed for the next round to continue to rise? Obviously, on the first day, the US dollar must fall before gold can rise.
The only condition for the dollar to fall is that the Fed cuts interest rates and releases the dollar. At that time, the US stock market will continue to rise and remain strong, and commodities will continue to rise. Behind this, inflation will be re-stimulated, but the premise is that the inflation problem is controllable, which is exactly what the Fed needs to balance. On the contrary, Trump hopes for superficial prosperity, which is why Trump called on the Fed to cut interest rates as soon as possible, but the Fed did not do anything.
📊Technical aspects
Today's main strategy non-agricultural layout ideas
ADP data is bullish for gold, and gold will rise in the short term. Once it goes sideways at a high level, even if tomorrow's non-agricultural data is positive or negative, the probability of gold changing is very high. The positive news at a high level will inevitably limit the upward momentum. In addition, near $3,400, it will inevitably trigger profit-taking. Therefore, it is unwise to chase the rise in the current situation.
If the non-agricultural data is negative, gold may fall sharply. At present, around $3,370, the idea of looking at a periodic correction remains unchanged. Around $3,370-3,390, the layout is still based on the high-altitude idea.
💰 Strategy Package
Short Position：3355-3365,3375-3395
