Gold bulls and bears compete for non-agricultural data

3 天前

Technical aspects:

Currently, gold is in a typical ascending triangle structure, reflecting that the market bullish trend has not been broken but faces strong resistance. On the daily chart, gold as a whole maintains a range of $3250 to $3400, with obvious horizontal support and resistance bands formed at both ends of the range.

The Bollinger Bands are converging as a whole, indicating that volatility is shrinking, indicating that the large-scale direction selection is approaching. The green column of the MACD indicator has narrowed slightly, and the short-term momentum is still bearish but there are signs of weakening. The RSI indicator runs around 49, maintaining a neutral and bearish state, and there is no obvious deviation in the short term, suggesting that there is still the possibility of subsequent shocks and consolidation.

3 天前

交易進行

Gold held the key support of $3,250 and formed a K-line reversal signal again. It is expected that the price will challenge the resistance of $3,400 again. If the non-farm data this week is weak, it will strengthen the market's expectations of the Fed's policy shift, which is expected to push gold to break through the shock range and challenge the previous high of $3,450. On the contrary, if the employment data is strong and inflation concerns rise, the US dollar may further rebound, and the gold price may fall below $3,250 and retreat to the support area of ​​$3,200 or even lower.

3 天前

交易結束：目標達成

Structurally, gold is still in the upward channel, and there is no sign of trend destruction. Analysts believe that as long as the upward trend line is not effectively broken, the overall trend of gold is still bullish. If the Federal Reserve officially starts the interest rate cut cycle in the future, coupled with the expansion of fiscal deficits and the slowdown of economic growth prospects, gold will still have room for upward movement in the medium and long term.