Although the non-agricultural data on Friday was significantly bullish for gold, the daily pressure level has not been broken for three consecutive days. Today's idea is still to short when the daily pressure level ranges from 2919.50 to 2930, or to short directly at 2928.50.
Support and pressure levels of gold in various cycles:
Gold weekly support level 2715.00 area, gold daily pressure level 2919 to 2930 range, gold 4-hour support level 2904.00 area
Today's suggestion: short gold in the 2910.50 area, stop loss 2920, take profit 2890
Or short the 2920 range if the small cycle falls below the support level and rebounds to the pressure level
Support and pressure levels of gold in various cycles:
Gold weekly support level 2715.00 area, gold daily pressure level 2919 to 2930 range, gold 4-hour support level 2904.00 area
Today's suggestion: short gold in the 2910.50 area, stop loss 2920, take profit 2890
Or short the 2920 range if the small cycle falls below the support level and rebounds to the pressure level
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