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.
Trade active
The volatility of gold narrowed gradually last week. Let’s wait and see how gold performs next Monday.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.