Non-farm data is about to be released. Can gold take advantage o
Telah dikemas kini
https://www.tradingview.com/x/8OWWbLC0/
On Friday, June 7, spot gold fluctuated in a narrow range and is currently trading around $2,378.64 per ounce. Gold prices climbed to a two-week high on Thursday, closing at $2,375.60 per ounce, as weaker-than-expected U.S. employment data ignited hopes that the Federal Reserve would cut interest rates later this year, and the market focus turned to the non-farm payrolls data released on Friday.
The weaker ADP employment figures on Wednesday gave the bulls some confidence, and perhaps tonight's non-farm payrolls report will not be stronger than expected, which will be beneficial to the gold and silver markets.
In addition, Israel attacked a UN school in Gaza, killing dozens of people, and geopolitical concerns have heated up again, which also provided upward momentum for gold prices.
Yesterday, we gave a long order near 2,360 in the article, which was basically a current price order for everyone, and the target of 2,380 has been achieved. There is no problem in receiving this wave of 20 points of profit, at least a dozen points are in hand. Here, congratulations to the friends who followed up. We will arrange the non-agricultural data in real time in the evening to maximize profits.
From a technical perspective, gold prices have initially broken through the 2315-2365 area in the past two weeks. Before losing 2365, the short-term trend tends to fluctuate upward, and is expected to test the resistance near the 2400 mark, or even the upper Bollinger Bands near 2430. If the gold price closes below the middle Bollinger Bands at 2365 again, the bullish signal in the future market will be weakened.
The key position is still the gains and losses of the 2360 line, so the current gold price is already near 2380, with upper pressure at 2400 and 2430, and the previous high at 2450. The lower support is 2360, and the strong support is 2315. In terms of operation, callback long orders are our first choice. After all, the technical side is biased towards bulls, and there is also the blessing of risk aversion. Going with the trend is also the principle we have always adhered to.
For intraday trading, we still refer to long orders near 2360, stop loss at 2350, and take profit at 2380. Effective breakthroughs look at 2400. Try short-term short orders near 2380, stop loss 2388, take profit 2360.
Specific operation suggestions
For intraday trading, refer to long orders near 2360, stop loss 2350, take profit still 2380, and effective breakthrough to 2400. Try short-term short orders near 2380, stop loss 2388, take profit 2360.
Short-term look at 2380, non-agricultural data look at around 2400. If you like my analysis, please follow me, thank you
On Friday, June 7, spot gold fluctuated in a narrow range and is currently trading around $2,378.64 per ounce. Gold prices climbed to a two-week high on Thursday, closing at $2,375.60 per ounce, as weaker-than-expected U.S. employment data ignited hopes that the Federal Reserve would cut interest rates later this year, and the market focus turned to the non-farm payrolls data released on Friday.
The weaker ADP employment figures on Wednesday gave the bulls some confidence, and perhaps tonight's non-farm payrolls report will not be stronger than expected, which will be beneficial to the gold and silver markets.
In addition, Israel attacked a UN school in Gaza, killing dozens of people, and geopolitical concerns have heated up again, which also provided upward momentum for gold prices.
Yesterday, we gave a long order near 2,360 in the article, which was basically a current price order for everyone, and the target of 2,380 has been achieved. There is no problem in receiving this wave of 20 points of profit, at least a dozen points are in hand. Here, congratulations to the friends who followed up. We will arrange the non-agricultural data in real time in the evening to maximize profits.
From a technical perspective, gold prices have initially broken through the 2315-2365 area in the past two weeks. Before losing 2365, the short-term trend tends to fluctuate upward, and is expected to test the resistance near the 2400 mark, or even the upper Bollinger Bands near 2430. If the gold price closes below the middle Bollinger Bands at 2365 again, the bullish signal in the future market will be weakened.
The key position is still the gains and losses of the 2360 line, so the current gold price is already near 2380, with upper pressure at 2400 and 2430, and the previous high at 2450. The lower support is 2360, and the strong support is 2315. In terms of operation, callback long orders are our first choice. After all, the technical side is biased towards bulls, and there is also the blessing of risk aversion. Going with the trend is also the principle we have always adhered to.
For intraday trading, we still refer to long orders near 2360, stop loss at 2350, and take profit at 2380. Effective breakthroughs look at 2400. Try short-term short orders near 2380, stop loss 2388, take profit 2360.
Specific operation suggestions
For intraday trading, refer to long orders near 2360, stop loss 2350, take profit still 2380, and effective breakthrough to 2400. Try short-term short orders near 2380, stop loss 2388, take profit 2360.
Short-term look at 2380, non-agricultural data look at around 2400. If you like my analysis, please follow me, thank you
Dagangan aktif
With the arrival of non-agricultural data, the Federal Reserve is expected to follow Europe's pace of interest rate cutsDagangan aktif
Recent U.S. economic data show that the country's economic growth momentum is weakening. In May, U.S. private employment data increased less than expected, and the service industry PMI index, although re-entering the expansion range, still showed weak economic growth. These data show that the U.S. economy is gradually slowing down, which has strengthened the market's expectations for the Federal Reserve to cut interest rates later this year. Lower yields reduce the opportunity cost of holding safe-haven assets such as gold, boosting the attractiveness of gold.Recently, the Bank of Canada, the Swedish Central Bank and the Swiss National Bank have all announced interest rate cuts, and the European Central Bank also cut interest rates from a record high on Thursday. This series of interest rate cuts by global central banks not only reduces the opportunity cost of holding safe-haven assets such as gold, but may also bring about a relief in inflationary pressure, making assets such as gold popular with investors.
Israel recently launched an airstrike on a United Nations school in Gaza, killing dozens of people, and geopolitical concerns have heated up again. This increase in geopolitical risks has increased investors' demand for safe-haven assets such as gold, driving up gold prices.
Dagangan aktif
Gold's rise is very stable, looking forward to the non-agricultural data tonightDagangan aktif
Gold has started to adjust, which is within my analysisDagangan aktif
Short-term trading can make a profit
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.