After breaking through the 2007-2013 resistance, gold oscillated around the vicinity of 2015, and then stepped back on the 2007 support. When the support was confirmed to be valid, it began to rise sharply, and the US market rose as high as near 2036. Our long trading ended in 2034, and we are currently waiting for a new round of support confirmation. This support is 2020-2016 and 2026-2023. At present, a backtest has been completed near 2016. Next, focus on the support near 2026. If the support is effective, it will It is likely to break through the previous high of 2049.
Of course, the above is only the conclusion of the analysis of technical patterns. This week's focus is on Friday's NFP. Its impact on gold is very large. The volatility is usually around $100 or even higher. While creating opportunities, it also brings great risks. If there is no complete trading plan, it is recommended to trade half an hour after the data is released, so as to avoid the risk of forced liquidation, or set a limit within $5 during the trading process.
Finally, I want to tell everyone that no matter how many years you have been trading, no matter whether your trading is losing or earning, follow me and you will definitely have more gains!
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Crazy gold, brought us a lot of money
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We successfully caught NFP today, and the very huge profits we got from it, we made a lot of money!
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