With non-farm payrolls coming, will gold continue to rise?

With non-farm payrolls coming, will gold continue to rise?

I think gold is unlikely to rise significantly. Why?

Because as can be seen from Thursday, gold did not rise sharply driven by a series of good news. I have been crossing and climbing on the high Yin and Yang line. This indicates that bears have started taking profits at this level. Looking back, gold's rise was all due to a significant increase in trading volume, but now there is a clear lack of momentum;
Powell's speech on Thursday also caused the U.S. index to fall, while gold prices only recorded a wave of gains. This rise was caused by the entry of large funds and did not drive market momentum.
So this has become the birthplace of short selling. When we see this signal, bulls must leave the market in time to avoid being trapped.

Data news over the past two weeks has failed to boost confidence among market short sellers. Today's non-agricultural data is a very good opportunity. Now is the opportunity to see gold plummet, so I suggest you be prepared to short at high levels.

Please pay attention to updates for detailed strategies.

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