1.8 Gold welcomes ADP long-term bullish trend

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Gold market analysis

Gold has been volatile these days, washing back and forth without any rules. Judging from yesterday's performance, it is still impossible to determine whether the bulls are coming if the 2665 position is not broken. The daily line closed with a long upper shadow, and the center of the oscillation moved up. Today's idea is to treat it as more oscillation. The weekly line fluctuated for a week last week. This week's estimate will still fluctuate under the influence of data. Today, the ADP estimate is difficult to change the oscillation. We expect the subsequent non-agricultural employment data to lead it to run out of oscillation. Today, we will focus on the oscillation range of 2632-2665. In this range, we will run high and buy low. The current K line is already above the moving average, and gold is more oscillating.



The analysis chart above for gold is the rhythm we estimated. The first support of the white plate is near 2640. Last night, we also accurately captured profits at 2642. This position is the support of 4H. There is still more room for the white plate to step back to this position. The stronger one is near 2632. If this position is broken, it may move down again.

Support 2632 and 2640, pressure 2665, the strength and weakness dividing line of the market is 2640
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In the world of traders, only screening is done, not education. What can convince a person is never reason, but the south wall. What can wake a person up is never preaching, but suffering. Trading is a long practice, and each of us pays for our own cognition. Smart people give enough time to get close to the pulse of the K-line, improve their cognition, and understand the changes in the K-line's face. Time does not turn back, there is no if in trading, and attacking is a battle. Strict risk control is the best self

t.me/Alan1234554
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Guys, today's forecast is exactly what we expected.

Profit of 15K. Late orders are still in progress.
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Senior Financial Analyst Main expertise: Analysis of financial products such as gold, US dollar, digital currency, etc. Telegram link: t.me/+43sO_tENBOswYWMx
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