Go long on gold, target 1880.
Updated
The released nonfarm data was bearish for gold, but the figure significantly decreased compared to the previous value, and the unemployment rate increased, which is bullish for gold. Therefore, gold surged above 1860 after the data was released, breaking the previous high and opening up more room for upward movement. Based on the current momentum, there is a high probability of reaching around 1880-1900.
So, my trading strategy is to buy gold boldly as long as it doesn't fall below the support range of 1856-1845, with a target around 1875-1880.
XAUUSDXAUUSDNote
Gold rose to the resistance level of 1870 and fell back slightly. The support of 1855 still exists. Waiting for the market to develop further after the market opens, I will continue to track market changes and update trading strategies in real time. Welcome to pay attention and discuss togetherNote
The market is following the expected trend, stay tuned.Note
Let's look forward to gold reaching 1880 next week.Note
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Trade closed: target reached
Note
The short-term level of gold on the 15-minute chart is under pressure. You can enter a short position near 1883 and target the gap near 1870 on the downside.
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