Strategy after NFP data news release
Gold rebounded today. Although the space is not large, gold did not continue to fall. The downward momentum of gold began to weaken, and gold still has the possibility of rising. If it continues to rise, yesterday's decline is just an adjustment, and gold will continue to rise. Whether gold is a reversal or an adjustment, wait for the release of NFP data tonight.
The 1-hour moving average of gold continues to turn downward. If the non-agricultural data of gold continues to fall, the gold moving average will form a dead cross, and the space for gold to fall will be opened. If the data of gold is bullish at night, then gold will rush up and pay attention to the suppression of the 2770 line. If it is under pressure at 2770, then continue to short. If gold falls directly due to negative news,
then continue to short after the rebound.
Trading strategy:
BUY:2731~2733
SELL:2770~2772
The 1-hour moving average of gold continues to turn downward. If the non-agricultural data of gold continues to fall, the gold moving average will form a dead cross, and the space for gold to fall will be opened. If the data of gold is bullish at night, then gold will rush up and pay attention to the suppression of the 2770 line. If it is under pressure at 2770, then continue to short. If gold falls directly due to negative news,
then continue to short after the rebound.
Trading strategy:
BUY:2731~2733
SELL:2770~2772
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.