Colin_analyze

GOLD-Impact of non-agricultural data

Colin_analyze Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar

In the week ending March 30, the number of Americans filing initial claims for unemployment benefits increased by 9,000, reaching a seasonally adjusted 221,000, the highest level since late January. Economists surveyed expected 214,000. The number of applicants has hovered between 210,000 and 212,000 for most of March. Although the number of layoffs increased to a 14-month high in March, the number of layoffs has changed little compared with the same period last year. The survey shows that non-farm employment is expected to increase by 200,000 in March, which is good for the US dollar and not good for gold.

Gold did not break through a new high yesterday. For the time being, we can see that the resistance of gold is around 2305. Based on this, gold may peak during high fluctuations. If today's non-agricultural data stimulates another drop, the market may continue to fall in April. The uncertainty is very high. All these changes and changes need to be judged after the non-agricultural data. Today’s market is divided into two steps. The first step is to look at the performance of the Asian and European markets before the non-agricultural data. The second part is to look at the performance after the non-agricultural data.

Today you can sell near 2305, SL: 2310, aggressive traders can sell near 2295, control the position reasonably, and use small lots

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Comment:
Follow my strategy to see what happens with the non-farm payrolls today
Comment:
Following my strategy, there will be good profits, and gold has been supported several times in 2280-2285
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