Gold Spot / U.S. Dollar
Short
Updated

Gold continues to break down before non-farm payrolls!

265
As mentioned in the continuous analysis of the gold trend, the current price is in a downward cycle from the historical high of 3500. After the first round of selling to 3260, it rebounded to repair 3370. It fell to 3268 at the beginning of the week and then turned to consolidation; after the shock, it fell from 3328 to break the low and now reported 3274; the 1H chart structure is weak and continues to follow up; short-term resistance is 3280-3290, and strong resistance is 3300-3304; short-term support is 3264-3260, and strong support is 3246 and weekly MA10-3238; in terms of operation, it is recommended to follow up with the trend and pay attention to the impact of ADP data; Strategy 1: Sell near 3290, protect 3290, and target 3260-3246;
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