Coinciding with the non-farm payrolls holiday,gold may break out

This week's big non-farm payrolls data coincides with Good Friday. In addition to the opening of foreign exchange and cryptocurrency on Friday, other precious metal futures and spot markets cannot be traded.The published value of non-farm payrolls data was 236,000, which was lower than the previous value of 311,000 and the forecast value of 239,000, which was more gold.However, it should be noted that although non-farm payrolls data are more profitable for gold, due to the closure of the market on Friday, it will most likely be reflected in the opening price on Monday.

According to the current structural trend, although the high level appears to be unable to effectively stand above the 2000 mark, the upside is under pressure to fall back, according to technical expectations, it is seen to fall down; in addition, from the perspective of the daily K-line, after the DOJI closed on Wednesday, a mid-negative line was then closed, forming a bearish K-line combination.However, the current market high still dare not easily reach the top, at least if it fails to fall below 2000 points, there is still a possibility of rebounding upward.The market is currently in the stage of correction of the decline from the high level of a strong structure. Soaring and stagnant growth means that if you don't rise, you will fall, but the probability of a deep fall is relatively small, and it is not a one-time decline. Therefore, the current market trend is to pay attention to the second rebound of the decline and then follow the trend.

At the 4-hour level of gold, after gold broke through the triangular finishing pattern, it reached the highest level of 2032. As the market surged, it fell back. At present, from the 4-hour point of view, the technical indicators are running in the air, even if the daily gold is not very consistent with the peak and fall of gold, but stepping back is also a high probability event.In terms of the trend, the short-term moving average gradually turned from the upward divergence in the early stage to a flattening and began to hook down. After the high-level shock, the K-line also showed signs of gradually breaking through the short-term moving average. There may be a certain degree of adjustment in the short-term trend.

This time the non-farm payrolls are not expected to have much band, and they are expected to fluctuate in the 1987-2025 range.

Monday short-term operation ideas:

Pull back to 1992-1993 to buy gold, stop loss 1985, target 2010
Rebound to 2023-2025 to sell gold, stop loss 2032, target 2006

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