The Federal Reserve released the Beige Book on economic conditions on the day. The main content of the Beige Book explained that economic growth in 9 of the 12 regions declined or remained flat, and only the other three regions grew slightly. In other words, the overall basis of the Beige Book is dovish. Ultimately, the above three sets of data (events) formed a positive support for gold prices.
Today, Thursday, the market will see the U.S. ADP employment data for August (small non-farm) and the number of initial jobless claims for the week. According to expectations, the ADP employment data (expected) will be 145,000, higher than the previous value of 122,000. The number of initial jobless claims is also slightly lower than the previous value. We will not "guess" what the final value will be and wait for the final announcement. However, even if the two data are lower than expected, there is limited room for gold prices to rise.
The periodic pullback of gold prices has not yet ended. At the same time, yesterday's rebound has also digested the impact of the data, but the resistance has moved. The primary resistance above is around $2,506, and further resistance is around $2,512. The support below can be seen in the $2,477-2,480 area. It is finally expected to fall below the $2,470 support and further fall to $2,450. If today's data fails to bring (negative) guidance, the probability of a break and extension in a short period of time is not high, so it is better to keep it within the range.
Today, Thursday, the market will see the U.S. ADP employment data for August (small non-farm) and the number of initial jobless claims for the week. According to expectations, the ADP employment data (expected) will be 145,000, higher than the previous value of 122,000. The number of initial jobless claims is also slightly lower than the previous value. We will not "guess" what the final value will be and wait for the final announcement. However, even if the two data are lower than expected, there is limited room for gold prices to rise.
The periodic pullback of gold prices has not yet ended. At the same time, yesterday's rebound has also digested the impact of the data, but the resistance has moved. The primary resistance above is around $2,506, and further resistance is around $2,512. The support below can be seen in the $2,477-2,480 area. It is finally expected to fall below the $2,470 support and further fall to $2,450. If today's data fails to bring (negative) guidance, the probability of a break and extension in a short period of time is not high, so it is better to keep it within the range.
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
Trading is risky. If you don't have a plan for your trading, you can click on the website below, and we will help you trade with the most professional analysisTrade active
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.