On September 5, the spot gold market once again showed strong gains. The price of gold exceeded US$2,515 per ounce in early European trading, with an intraday increase of more than US$20. Recently, the main driver of the gold market has been the direction of U.S. economic data. As the market pays close attention to the U.S. ADP employment change data and ISM service industry PMI to be released in the evening, the fluctuations in the gold market are particularly significant. With the release of these important economic data, market sentiment is expected to change drastically. Especially in the context of the direct impact of the performance of the US dollar on the price of gold, the trend of gold's market outlook has attracted much attention. On this trading day, investors will usher in heavyweight economic indicators such as "small non-agricultural" ADP employment data, which is expected to trigger market trends.
Technical analysis of gold: Today, Thursday, the US market will usher in the small non-farm data, and tomorrow, Friday, the monthly non-farm data will be released, so the trend in the second half of the week should be treated separately from the trend in the first half of the week. Gold fell twice this week and quickly recovered its decline. Today, the Asian market has been trading above 2490, and now it stands above the 2500 mark. Shengfu's idea for the European market is to observe the retracement first, and then choose the opportunity to arrange long orders for bullishness. The primary support point below is 2505, and the upper pressure can be appropriately moved up to 2518 or 2526.
The 4-hour chart indicator MACD fast and slow line has a golden cross rising, the red volume energy column is in the heavy volume stage, the KDJ stochastic indicator simultaneously diverges upward with a golden cross, and the RSI relative strength indicator tends to rise. These are all positive signals for gold prices. The Asian market rose today, and if the European market retreats as expected, then the US market breaking a new high in the evening is basically a given. The price of gold in the European market breaks through and rises, and the pressure of 2507 is vulnerable. The gold price is currently trading at 2516. The current resistance above can be referred to 2518, followed by the historical high of 2530. As for the support below, this week's suppression will convert to the support level of 2505. Secondly, focus on the 2500 mark. On the whole, today's short-term gold operation ideas suggest that the main focus is longs at lows, supplemented by shorts on rebounds. The top short-term focus is on the 2518-2526 first-line resistance, and the bottom short-term focus is on the 2503-2505 first-line support
Technical analysis of gold: Today, Thursday, the US market will usher in the small non-farm data, and tomorrow, Friday, the monthly non-farm data will be released, so the trend in the second half of the week should be treated separately from the trend in the first half of the week. Gold fell twice this week and quickly recovered its decline. Today, the Asian market has been trading above 2490, and now it stands above the 2500 mark. Shengfu's idea for the European market is to observe the retracement first, and then choose the opportunity to arrange long orders for bullishness. The primary support point below is 2505, and the upper pressure can be appropriately moved up to 2518 or 2526.
The 4-hour chart indicator MACD fast and slow line has a golden cross rising, the red volume energy column is in the heavy volume stage, the KDJ stochastic indicator simultaneously diverges upward with a golden cross, and the RSI relative strength indicator tends to rise. These are all positive signals for gold prices. The Asian market rose today, and if the European market retreats as expected, then the US market breaking a new high in the evening is basically a given. The price of gold in the European market breaks through and rises, and the pressure of 2507 is vulnerable. The gold price is currently trading at 2516. The current resistance above can be referred to 2518, followed by the historical high of 2530. As for the support below, this week's suppression will convert to the support level of 2505. Secondly, focus on the 2500 mark. On the whole, today's short-term gold operation ideas suggest that the main focus is longs at lows, supplemented by shorts on rebounds. The top short-term focus is on the 2518-2526 first-line resistance, and the bottom short-term focus is on the 2503-2505 first-line support
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Continue to buy when gold falls back. Follow my pace and you can make a profit of 200%+ a week. I have done this. You can come and have a look.Trade active
Unemployment benefits data will be released in five minutesTrade active
The U.S. unemployment benefit data is bearish for gold, but gold has not fallen effectively at present, so don't blindly chase orders and trade with caution.Trade active
Gold continues to go longTrade active
The market is currently trading sideways. Don't blindly chase the rise. Wait for tomorrow's Fed interest rate decision.Trade active
The market is not volatile at present and is consolidating at a high level, waiting for tomorrow's non-agricultural data.Trade active
This week's profit has reached 90%. Today is Friday, waiting for the US non-farm data, which is an opportunity to make money. It is expected that the profit this week can reach 120%. You can follow my transactions for free, just click on my website.Trade active
The US will release non-farm payrolls data in 30 minutes. Trade with caution. If you want to get trading signals, you can click on my websiteTrade active
Making money is the only purpose for us to enter the market. It is very important to follow the market trend. If you have no idea about trading, you can remember my website below, where I will share trading strategies every day.Trade active
Hope it helps youTrade active
First, focus on 2507-2510 as the first resistance level. If it breaks through, continue to look at the 2525 area.Trade active
Today the market is mainly volatile, operating in the range of 2485-2526.Trade active
Today the market is mainly volatile, operating in the range of 2485-2526.Trade active
Stable profit of 100%+ per week. If you want to get such a huge profit, you can contact me. No matter how much money you have, I can help you.Trade active
Gold is long in the short term, looking at the 2518-2520 area, and then short orders will be arranged after reaching itTrade active
2500 long gold, profit +110 points, click on my website and follow my tradingTrade active
Long and short two-way profits, profits are too easy for us professional traders, don’t rely on luck to make profits, if you want to make stable profits in the market, I am your best partner🤝Trade active
8k capital, 33k profit in three weeks, you can click on my website to check, this is my real trading record, if you want to get a huge profit, you can contact me immediatelyTrade active
8k capital, 33k profit in three weeks, you can click on my website to check, this is my real trading record, if you want to get a huge profit, you can contact me immediatelyTrade active
There is no volatility in the market for the time being. Take a break. I will continue to share trading strategies on my channel. I think it will be helpful to you.Trade active
There is no volatility in the market for the time being. Take a break. I will continue to share trading strategies on my channel. I think it will be helpful to you.Trade active
Today, gold is still focusing on the pressure of the previous high of $2531. If it does not break, you can short and look for a retracement. The primary target is $2510. After breaking through, look at $2500-2493. If it breaks up unexpectedly in the evening, the bulls can extend to around $2540 and you can go short again. The retracement target remains unchanged.Trade active
The US will announce the annual CPI rate in 40 minutes. Click on my website to get the trading strategy.Trade active
The news analysis is accurate, shorting gold makes another profit of +110 points, click on my website so that you can enjoy profits every dayTrade active
Today, both long and short sides make profit, and the profit exceeds 200 points. Click on my website, and your profit in a week will exceed 100%.Trade active
I have helped many members make huge profits in the market. You can click on my website to check it out. If you also want to make stable profits, you can contact me and I will help you.Trade active
I have helped many members make huge profits in the market. You can click on my website to check it out. If you also want to make stable profits, you can contact me and I will help you.Trade active
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Gold is still rising strongly, don't short it for now, look for better trading opportunitiesTrade active
Gold bulls are rising higher and higher, without any pullback. It's Friday now, so there's no need to chase the rise. Slow rises are often followed by sharp declines, so don't chase the longs easily. Gold is a bit stagnant, short at 2579.Trade active
So far, the profit for this week has reached 120%, and it is expected to reach 150% by the end of today. If you also want to make huge profits every week, click on my website, it will be helpful to you.Trade active
Gold is still testing new highs, so in the short term, it is still mainly about falling back and doing long. Pay attention to the support in the 2575 area and the resistance in the 2590-2600 area.Trade active
Gold is still testing new highs, so in the short term, it is still mainly about falling back and doing long. Pay attention to the support in the 2575 area and the resistance in the 2590-2600 area.Update idea
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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.