It closed around the 3977 level on Thursday, with the lowest touching around 3964.4 before finishing in a range-bound move, which also hit the 3960-3970 zone I indicated yesterday. I also kept emphasizing yesterday not to chase long positions at high levels.
Gold faces heavy resistance above. The bulls can only break through if driven by significant bullish news; otherwise, we will continue to stick to shorting on rebounds. With the Non-Farm Payrolls report due this Friday, we will maintain the approach of shorting on rebounds during the morning.
Looking at the 4-hour chart, the immediate resistance above is focused on the 4020-4025 zone, with the key bull-bear watershed at 4047-4055. For short-term support, watch the 3960-3970 area, while the key support lies at the previous low around 3888-3890.
In terms of operation, I still recommend prioritizing shorting on rebounds. For mid-range levels, we should always adhere to observing more and acting less, be cautious about chasing orders, and patiently wait for entry at key levels.
Trading Strategy:
Sell 4010 - 4020
SL 4030
TP 3980 - 3970 - 3960
Buy 3920 - 3930
SL 3910
TP 3950 - 3960 - 3970
Gold faces heavy resistance above. The bulls can only break through if driven by significant bullish news; otherwise, we will continue to stick to shorting on rebounds. With the Non-Farm Payrolls report due this Friday, we will maintain the approach of shorting on rebounds during the morning.
Looking at the 4-hour chart, the immediate resistance above is focused on the 4020-4025 zone, with the key bull-bear watershed at 4047-4055. For short-term support, watch the 3960-3970 area, while the key support lies at the previous low around 3888-3890.
In terms of operation, I still recommend prioritizing shorting on rebounds. For mid-range levels, we should always adhere to observing more and acting less, be cautious about chasing orders, and patiently wait for entry at key levels.
Trading Strategy:
Sell 4010 - 4020
SL 4030
TP 3980 - 3970 - 3960
Buy 3920 - 3930
SL 3910
TP 3950 - 3960 - 3970
Trade aktif
Today is Friday, and the NFP report is due. We will treat the market as a range-bound trend before the U.S. session. If the NFP employment data is released as scheduled, it is expected to push gold out of the consolidation range.Trading ditutup: target tercapai
Now that the nonfarm payrolls report hasn't been released as scheduled, I anticipate that the market will remain in a volatile state
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.