Non-Farm Payrolls data was once again suspended on Friday, and the market traded in a range-bound manner throughout the day. It hit a high around 4027 and a low around 3975, which aligned with the range I had indicated.
Judging from the closing price, gold stood above the 4000 level again. Bulls should continue to focus on the 4040-4055 zone, as the battle for this level will remain a key focus next week. If the rebound fails to break through this range, we can still enter short positions.
Recently, I have repeatedly provided the strategy of shorting in the 4010-4020 range, and all have been verified by the market.
Let’s wait and see how the market develops next week.
Judging from the closing price, gold stood above the 4000 level again. Bulls should continue to focus on the 4040-4055 zone, as the battle for this level will remain a key focus next week. If the rebound fails to break through this range, we can still enter short positions.
Recently, I have repeatedly provided the strategy of shorting in the 4010-4020 range, and all have been verified by the market.
Let’s wait and see how the market develops next week.
Transaction en cours
The volatility of gold narrowed gradually last week. Let’s wait and see how gold performs next Monday.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.