XAUUSD:Trading advice for the day
Updated
Yesterday's gold trend, mainly caused by unstable market sentiment, originally expected to rebound yesterday 5, 10 days line for pressure testing, but the market has been falling downward since the opening, and a less important data, but triggered the market to maintain the Fed's current interest rate expectations next week, resulting in a sharp rise in the market, almost giving up more than half of Friday's non-farm payrolls data, so there are great emotional factors, and the current technical form also indicates that the short-term market may fall into a repeated and disorderly shock state, Increase the risk of uncertainty about the later gold movement. Intraday gold temporarily continue to pay attention to the 5, 10 day line 1955-62 around the competition situation, the market in this area is possible, but last night a less important data can trigger a sharp fluctuation in market sentiment, so the future market technical trend is still not easy to judge. If the intraday market rises, then pay attention to the pressure around the 20-day line 1974above, and fall back to the 5 or 10-day line below, then pay attention to the fight around 1940. However, the medium-cycle technical structure still retains the expectation of further downward adjustment in the future market and retracement of 1935-1930 and 1900.
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