GOLD-Strong

Now the market is not only hyping the expectation of the Federal Reserve to cut interest rates, but also hyping the risk-averse impact of the escalating geopolitical situation. There is also a crazy influx of bull buying. Anyway, it is various factors that drive the rise of gold.

The ADP data released by the United States on Wednesday was negative for gold and had little impact. On the contrary, the US ISM service industry PMI data was released. The US dollar fell sharply and gold surged again. It is not normal for such non-key data to increase the impact on the market. In fact, it also shows the market's The mood is unstable. On Thursday, we will focus on the unemployment benefits data released by the Federal Reserve. On Friday, we will focus on the non-farm data. The latest inflation data will be released next week.

The absolute upward trend of gold is a step up every day, and the support points below are dense. However, the market has a certain pattern this week. The Asian market generally either rises strongly or fluctuates. Trading must not chase the rise, and wait for the pullback support points to buy. , the lower support point is near the 4H period unilateral moving average support 2285 or the daily unilateral moving average support 2272

Gold has risen a lot. Under the rising trend, we can only follow the trend, but we also need to pay attention to the risks. Again, we remind you to use small lots.

The focus of the U.S. market is on the unemployment benefits data. Wednesday's ADP data is negative for gold, but it does not actually have much impact. The unemployment benefits data is expected to have little impact. However, it is worth noting that the super divergence of the 4H cycle is now more obvious, and the overbought indicator is obvious. , there may be room for a big drop tonight with the help of data, and in terms of market sentiment, buying orders below 2300 also have the idea of taking profits. A big drop is also normal. We should be cautious about the temporary extreme strength.

Join me, trade with me and improve your success rate

Comment:

follow my strategy

Trade active:

If you buy near the 2285 support, you have already started to make profits