XAUUSD: Sell, waiting for NFP data to plunge
Because the US market was closed, gold fluctuated sideways for a day yesterday, until today it came to around 2365 again, which is also in line with our bullish strategy yesterday, but today is different, because NFP and unemployment rate, two important data that are only released once a month, are about to be released.
First of all, it can be clearly seen that the pressure on the 2365 line is indeed very large, and it has not been able to break through twice in a row. From the perspective of technical analysis, if it fails to break through multiple attacks, it may fall back, so we can sell near 2365.
Secondly, the currency circle is plummeting wildly, and gold cannot go out of the unilateral rise for too long, because it is rare for such linked trading products to have a unilateral trend, so today I will not consider rising, but stick to the high Sell trading strategy.
First of all, it can be clearly seen that the pressure on the 2365 line is indeed very large, and it has not been able to break through twice in a row. From the perspective of technical analysis, if it fails to break through multiple attacks, it may fall back, so we can sell near 2365.
Secondly, the currency circle is plummeting wildly, and gold cannot go out of the unilateral rise for too long, because it is rare for such linked trading products to have a unilateral trend, so today I will not consider rising, but stick to the high Sell trading strategy.
Trade active
Arrived at TP1:2352
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.