George_Martin00

Analysis of gold non-agricultural market

Long
George_Martin00 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
In terms of gold, not only did the daily line continue to close in positive territory, but even the hourly line did not adjust, it just continued to hit highs.

Therefore, the importance of trends must be recognized at this stage.

Especially in yesterday’s form, there are several technical points that need to be considered:

1. It rose and broke through the high in the morning, which broke the rising rhythm of the European market at that point in time. It also caused the European market to fall sideways.

But the 6-8 point retracement is in line with the point of being more. It breaks the high in a strong position and retraces before the U.S. market. The U.S. market continues to be long. Therefore, when the 6-8 point retracement occurs, the U.S. market must be directly long. .

2, 2048 line, this is the 618 position of yesterday's rise and retracement. This point should be stuck, no problem.

3. The focus is on 4 hours, and the continuous Yang pattern continues.

When the price continues to move positive, you are worried that there will be too many positive lines, and you will not dare to go long. However, there is one point in the middle. In the continuous positive market, you also need to pay attention to the explosive rise. Until this rise does not occur, you will still be stuck. Multi-game rising.

Therefore, the focus of yesterday was that there were too many continuous Yangs in 4 hours, and later the Dayang broke high.

Today, the focus is on non-agricultural products, and prices have not changed much in the morning:

Then either there is no market trend during the day, and the U.S. market is non-agricultural.

Or just continue to play in the European market one more time to see if the European market can rise and break high.

Taking a look at Wednesday's ADP, it was slightly smaller than expected. However, judging from Powell's speech in the evening, one is that the 2% inflation has not yet reached expectations, but it has not affected the employment issue. The implication is that the economy is still relatively good and will not be affected in the short term. Cut interest rates.

Last month's non-farm payrolls were 350,000, which was significantly negative for gold. This month's forecast is only 200,000. According to Wednesday's ADP, the probability of being higher than 350,000 is low, but it is still possible to exceed 200,000.

In this way, to a large extent, it should be a rebound from the bottom.

And if it bottoms out and rebounds during the rising market, you need to pay attention to the previous low.

Since the upward momentum in the early stage is relatively strong, as long as it retraces, the amplitude will not be small.

The first position that needs to be considered is 2137-2140, and the second position is on the 2027-2131 line. This is the position where you consider exploring the bottom and going long, and other positions will not be involved.

If the above happens to gold. You can buy in the corresponding area:
buy2127-2131/2137-2140
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