The market under NFP influence presents both opportunities and risks!
And it is precisely because of risk that profit exists—there is no such thing as risk-free returns. As long as we manage risk effectively, we can maximize profitability.
The February U.S. Non-Farm Payrolls (NFP) report has been released as expected, with the unemployment rate rising to 4.1%, signaling weak economic growth in the U.S. At the same time, the disappointing NFP data has fueled market expectations of Fed rate cuts. Additionally, several central banks have once again increased their gold reserves.
With multiple bullish factors in play, gold initially surged but failed to break the key 2930 resistance level.
Last week, I clearly and repeatedly pointed out the resistance of 2920-2930 and the support of 2890-2900, and traded back and forth between the resistance and support, making a lot of profit. Friends who followed the transaction must have made good profits.
If there is no unexpected event next week, this wide adjustment and high-level sideways state is to prepare for the rise, so there is a high probability that the resistance level of 2930 will be broken next week. Let's wait and see.
Next, we need to pay attention to one is a strong price and the other is the best time to intervene.
Next week I will continue to lay out and share my trading views for your reference. I will announce more detailed trading details in my channel. If you don’t know where is the best buying point and where is the best selling point, you can join the channel at the bottom of the article, or ask me directly to copy my transactions.
And it is precisely because of risk that profit exists—there is no such thing as risk-free returns. As long as we manage risk effectively, we can maximize profitability.
The February U.S. Non-Farm Payrolls (NFP) report has been released as expected, with the unemployment rate rising to 4.1%, signaling weak economic growth in the U.S. At the same time, the disappointing NFP data has fueled market expectations of Fed rate cuts. Additionally, several central banks have once again increased their gold reserves.
With multiple bullish factors in play, gold initially surged but failed to break the key 2930 resistance level.
Last week, I clearly and repeatedly pointed out the resistance of 2920-2930 and the support of 2890-2900, and traded back and forth between the resistance and support, making a lot of profit. Friends who followed the transaction must have made good profits.
If there is no unexpected event next week, this wide adjustment and high-level sideways state is to prepare for the rise, so there is a high probability that the resistance level of 2930 will be broken next week. Let's wait and see.
Next, we need to pay attention to one is a strong price and the other is the best time to intervene.
Next week I will continue to lay out and share my trading views for your reference. I will announce more detailed trading details in my channel. If you don’t know where is the best buying point and where is the best selling point, you can join the channel at the bottom of the article, or ask me directly to copy my transactions.
Note
Trade active
2890-2900 is still a strong support level for next week. As long as it falls back to this support range, we can buy boldly.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.