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9.12 Technical Analysis of Gold Short-term OperationsIn the 4-hour period, the stochastic indicator is a dead cross downward, which is a bearish signal; however, the BOLL interval is obvious, forming an interval that has never been broken; in addition, the support bands of 2500-2490-2480-2470 have not all fallen through; 2: In the daily K, the stochastic indicator is in a state of blunt top divergence; bearish signal; the indicator is in a state of bluntness at a high level, waiting for stimulation; in terms of form, the market is resistant to falling, sideways, and since the high break, it is the second wave of rising break; it is expected that there will be a third wave of BOLL upward break upward trend later; Comprehensive Get up: In terms of thinking, priority is given to the trend thinking; in terms of support, the middle axis support position is near 2495, the lower axis track support is near 2445; the transition support position is near 2470; sideways support, then consider sideways; sideways support position is near 2508 and 2490 in the small range; War risk aversion is still continuing; therefore, short positions cannot be arranged at present; in terms of form, 2530 is not the peak high point of the form, so it is not recommended to arrange; breakout is handled according to the breakout of 2530/32 Today's focus: the number of initial jobless claims in the United States as of the week of September 7 (10,000 people)
TVC:GOLDLong
by David_strategy
2
Analysis of 9.12 Gold Short-term Operation StrategySpot gold is currently trading around $25,118.46/oz, with a narrow range of fluctuations on Thursday (September 12). Gold prices rose and fell on Wednesday, supported by safe-haven buying. Gold prices rose to around $2,529 earlier in the session on Wednesday, approaching historical highs, but after the U.S. CPI data, gold prices gave up gains and fell to around the 2,500 mark, closing at $2,511.33/oz, as U.S. inflation data prompted investors to scale back expectations for the Fed's super-large rate cut next week, and the U.S. dollar and Treasury yields strengthened. First: Data, wash; before large data, gold prices have no external stimulation and it is difficult to form range fluctuations; what is large data, such as the mid-month interest rate meeting, such as the U.S. election in October, such as the Middle East war, the risk aversion of the Russian-Ukrainian war; therefore, these small data, like "ants shaking a big tree", are difficult to change the trend of the market; but they will form a wash trend; Second: On the market, the overall market is consolidating in the large range of 2470-2530; and it is controlled by bulls; this is the core; after several weeks of trend, the market is resistant to decline and it is difficult to form a sharp drop; without the emergence of strong negative fundamentals, it is not enough to change this high-range consolidation and high-range resistance to decline trend; In terms of data, small data are mainly for washing; on the market, it is high-range consolidation and high-range oscillation; understand this, at least it will not be very wrong; grasp the market trend, it will be relatively easy to do Detailed intraday operation strategy: Gold rebounds to 2522 short, defend 2530, target 2510-2500 Gold falls back to 2480 to go long, defend 2472, target 2490-2500
TVC:GOLD
by David_strategy
9.12 Gold Short-term AnalysisGold has been going up and down, but it still hasn't broken through the historical high. Gold is under pressure from the historical high resistance, so short at high, if it breaks through, follow up and go long, gold rebounds first under pressure Gold's 4-hour moving average is still dead cross short arrangement, gold's 4-hour high point long structure, gold rebound high pressure historical high resistance, so continue to short, gold rebounded 2525 in the morning, continue to short, if it breaks through the new high, follow up and go long, the market is looking at the present, the market is also looking at what kind of operation is corresponding, gold has not broken through the new high in one fell swoop, the high point is reasonable, so it is reasonable to continue to short at high Today's focus: The main refinancing interest of the European Central Bank in the euro zone to September 12 The number of initial jobless claims in the United States for the week ending September 7 The annual rate of the US PPI in August The monthly rate of the US PPI in August
TVC:GOLDShort
by David_strategy
1
Analysis of 9.11 Gold Short-term Operation StrategyGold fell as expected and we entered the market to short sell 4 times, earning a total of 24,000U When gold rebounded, we insisted that the high position would not break the historical high, so we would short sell. Gold was directly shorted at 2523, and the gold article also directly publicly suggested shorting at 2525. Gold fell sharply as expected and continued to build a top structure at a high level. It continued to short sell when it rebounded. Gold did not break through the new high many times in 4 hours, and there were multiple top structures at high levels. It can be seen that gold has heavy resistance at high levels and may fall back under pressure at any time. Gold rebounded in the US market and continued to short sell. Going against the trend, if you don’t advance, you will retreat. Gold has risen and fallen many times, and there is nothing special. It should be difficult for gold to directly set a new high in a short time. Gold rebounds and short sells. US trading operation ideas: Gold 2515 short, stop loss 2525, target 2505--2500
TVC:GOLDShort
by David_strategy
2
XAUUSD Short/Sell Swing Trade Analysis| Huge Profit Inside Reason for Sell A major announcement in the market! There's a big event coming up soon. Wednesday, 11 September, 12:30 p.m. UTC: the U.S. Consumer Price Index (CPI) report. On September 11th at 12:30 p.m. UTC, the U.S. Bureau of Labor Statistics will release the Consumer Price Index report. In July 2024, the US annual inflation rates dropped to 2.9% and 3.2% for headline and core inflation, respectively. The market anticipates a 0.2% increase in monthly inflation and a 2.6% annual rise. The report will influence whether the Federal Reserve cuts rates by 50 or 25 basis points in September. If the figures fall below expectations, the U.S. dollar may weaken, impacting EURUSD and XAUUSD positively. Conversely, better-than-expected figures could strengthen the U.S. dollar, pushing EURUSD and XAUUSD down. How will this event affect your trading routine? Share in the comments! Are you interested in trading with this information? Follow the link in our bio to get started! #Trading #Forex #WeeklyTradingCalendar #MarketUpdates
OANDA:XAUUSD
by kripsonfx97
Analysis of 9.11 Gold Short-term Operation StrategyOn Tuesday, the US dollar index fluctuated above the 101 mark and finally closed up 0.03% at 101.67. US Treasury yields continued to fall, with the benchmark 10-year Treasury yield closing at 3.650%; the two-year Treasury yield, which is more sensitive to monetary policy, finally closed at 3.607%. The Dow Jones Industrial Average closed down 0.23%, the S&P 500 rose 0.45%, and the Nasdaq rose 0.84%. Major European stock indices closed down across the board, with the German DAX30 index closing down 0.96%; the British FTSE 100 index closed down 0.78%; and the European Stoxx 50 index closed down 0.66%. Risk Warning on Wednesday ☆At 14:00, the UK will release the monthly GDP rate for the three months of July, the monthly rate of manufacturing output in July, the seasonally adjusted commodity trade account in July, and the monthly rate of industrial output in July; ☆At 20:30 Beijing time, the United States will release the August CPI data. The market expects its annual rate to fall from the previous value of 2.9% to 2.6%, and the monthly rate will remain unchanged at 0.2%; in terms of core CPI, the market expects the annual rate to be 3.2% and the monthly rate to be 0.2%, both consistent with the previous value; ☆At 22:30, the United States will release the EIA crude oil inventory for the week ending September 6, and the market expects an increase of 764,000 barrels of crude oil; ☆At 1:00 the next day, the United States will hold a 10-year Treasury auction until September 11. The US CPI in August will rise by 0.2% month-on-month and 2.6% year-on-year, lower than 2.9% in July. If confirmed, this data is likely to strengthen market expectations that the Fed will cut interest rates by 25 basis points at its September 17-18 meeting. The probability of a 25 basis point rate cut by the Fed at next week's meeting is 67%, and the probability of a 50 basis point rate cut is 33%. Although market expectations for rate cuts are divided, overall, investors generally believe that the Fed will make at least one super-large rate cut this year. Traders in the U.S. interest rate options market are still betting that the Fed will make at least one super-large rate cut this year, although it may not be before the presidential election on November 5. Recent options activity related to the secured overnight financing rate shows that traders are increasingly positioning for a 150 basis point rate cut by the Fed before the January 29 policy decision. Geopolitical factors have also had an important impact on the gold market. Recently, Ukraine launched drone attacks on several regions of Russia, and the Russian Federal Investigative Committee has initiated a criminal case. The escalation of this situation may lead to increased market concerns about the global economy, thereby driving demand for safe-haven assets such as gold. In addition, tensions between Israel and Hamas continue to develop. Israel proposed that Hamas leader Yahya Sinwar leave Gaza safely in exchange for the organization releasing hostages. This change in the situation may have an impact on the stability of the Middle East, thereby causing fluctuations in global market sentiment. Gold prices continued to rise on Tuesday, rising for two consecutive trading days. Currently, U.S. Treasury yields continue to weaken, hitting a 15-month low, providing momentum for gold prices to rise; the geopolitical situation remains tense, which also attracts safe-haven buying to support gold prices. Today's short-term focus is on the support area of ​​the 1-hour rising trend line below, and go long on gold after the correction stabilizes. At the same time, investors need to pay close attention to the impact of the upcoming CPI data on the trend of gold.
TVC:GOLD
by David_strategy
Analysis of 9.11 Gold Short-term Operation StrategyCPI is coming, gold will break today In the early Asian session on Wednesday (September 11), spot gold fluctuated in a narrow range and is currently trading around $2517.96/ounce, maintaining overnight gains. Gold prices continued to rise on Tuesday, closing at $2516.53/ounce, up about 0.42%, rising for two consecutive trading days. U.S. Treasury yields continued to weaken, hitting a 15-month low, providing momentum for gold prices to rise; the geopolitical situation remains tense, which also attracts safe-haven buying to support gold prices. At present, market participants are preparing for the release of U.S. inflation data to find further clues to the extent of the Fed's interest rate cut next week. Gold is still within the range we talked about yesterday. Short-term indicators are basically flat. In the short term, there is still no significant change. It is expected that the evening CPI data will be needed to break the range. The current range has been compressed to run in the small range of 2500-2520, and the space is getting smaller and smaller. In fact, the smaller the space fluctuation, the closer the time to open the situation later. From the 4-hour chart, the gold price is in a high-level box oscillation. I prefer a downward breakthrough in the general direction. At present, gold has reached the top of the mountain. Going long is equivalent to chasing at the top of the mountain. The profit and risk are not proportional. Focus on the support position of 2500-2498 during the day. Yesterday, the lowest retracement reached 2499, so this can be used as the dividing point for today. Detailed intraday operation strategy: Short gold rebounds at 2525, defend at 2533, target 2515-2500 Go long gold at 2480, defend at 2472, target 2490-2500
TVC:GOLD
by David_strategy
Analysis of 9.11 Gold Short-term Operation StrategyGold, if it rebounds to 2520, go short directly. Don't wait until you see a decline before chasing it. It is easy to be buried at the low point. The top and bottom conversion pressure is at 2500-2505 US dollars. The continuity of the short position is as bad as ever. It took less than two hours to end the battle from 2500 US dollars to 2485 US dollars yesterday. After that, all rebounds are to lure shorts. As long as there is no participation in shorts in the Asian session, there will be no chance in the European and American sessions. It finally rose to 2507 US dollars, an increase of 20 US dollars. Every decline that seems to be unfavorable factors quickly recovered the lost ground, including the panic selling on Tuesday last month after the non-agricultural data. Gold is brewing a huge market. The volatility in the past few days is just confusing behavior. It won't be long before the unilateral market will come, especially the Federal Reserve's interest rate decision on September 19 and the US CPI inflation data for August on Wednesday. The Federal Reserve is now in a "silent period". Behind the seemingly calm, as long as someone shouts: Fire. Then the whole market sentiment will be ignited instantly. Don't be too attached to the current range-oscillating market. Generally, it's good to hold 15-20 US dollars. Now, the gold price is in a high-level box oscillation. I prefer an upward breakthrough in the general direction. The position of 2530 US dollars is not the top. Once it is broken, it will go straight to 2600 US dollars. However, the ideal position to participate is the area close to the lower track of 2480 oscillation, rather than chasing on the top of the mountain. Today's focus is the annual rate of the US unadjusted CPI in August and the US EIA crude oil inventory for the week ending September 6. Today, first pay attention to the support position of 2500-2498. Last night, the US market tested the support of 2493, so this can be used as the dividing point for today's day, and then participate in the short-term rebound upward and pay attention to 2515-2518,
TVC:GOLD
by David_strategy
1
Gold Short – Targeting Downside After Resistance Rejection Gold (XAU/USD) is currently facing resistance around the 2,518 area, where it has shown signs of rejection. This presents a potential short opportunity, aiming to capture downside movement as the price pulls back from this level. Technical Analysis: • Resistance Rejection: The price has tested and rejected the resistance level, indicating a potential reversal or pullback. • Downside Target: The initial target for this short setup is around the 2,500 level, where support may come into play. • Risk Management: Place a stop-loss above the recent high around 2,520 to protect against any further bullish breakout. Market Sentiment: • Bearish Bias: The rejection at resistance suggests that sellers are stepping in, increasing the likelihood of a downward move. • Key Levels: Watch for any break below 2,510, which could accelerate the move towards the target zone. This trade setup leverages the current rejection at resistance, aiming to capitalize on a potential pullback. As always, manage risk carefully and be prepared to adjust the strategy based on how the market evolves. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
9.10 Analysis of gold short-term operation strategiesIsrael airstrikes Syria, gold price regains 2500 mark: gold price may consolidate in the short term On Monday (September 9), spot gold rebounded sharply after falling to $2485/oz, and finally closed above 2500, closing at $2506.04/oz. ,, Gold prices soared above $2500/oz on Monday as traders prepared for the release of the US August inflation report and looked for hints that the Federal Reserve would cut interest rates by 50 or 25 basis points. Gold traders ignored the overall strength of the US dollar. The US dollar index, which measures the performance of the US dollar against six currencies, rose by more than 0.30%. The probability of a 25 basis point rate cut by the Federal Reserve in September is 73%, while the probability of a 50 basis point cut is 27%. At the end of the Asian market on Monday, spot gold fell to $2485.48/oz, hitting an intraday low. Gold prices then continued to rebound. As of the close of Monday, spot gold climbed $8.84, or 0.35%, to $2,506.09 per ounce. The situation in the Middle East remains tense, which provides momentum for gold prices to rebound. Israel's air strikes on central Syria on September 8 local time killed at least 14 people. The Iranian Foreign Ministry spoke out on September 9 local time, condemning the Israeli army for launching a "criminal attack" and calling on Israel's supporters to stop arming it. According to the Israeli Times, citing Syrian media reports, Israel launched a series of attacks on several areas in central Syria on the night of August 8 local time, killing at least 14 people and injuring 43 people This may become a trigger for the gold trend! How to trade gold? Gold prices resumed their upward trend and broke through $2,500 per ounce, but gold prices are still below $2,510 per ounce, and buyers seem to have failed to accumulate momentum. Momentum remains bullish, but gold may consolidate in the short term before resuming its upward trend or turning downward. The relative strength index (RSI) is almost flat, indicating that neither buyers nor sellers are in control of the situation. If gold climbs above its year-to-date high of $2,531/oz, it could push it to challenge $2,550/oz. If it breaks through the latter, the next target will be the psychological level of $2,600/oz. If gold falls below $2,500/oz, the next support level will be the August 22 low of $2,470/oz. If gold falls below $2,470/oz, the next support area will be the confluence of the May 20 high (which has turned into support) and the 50-day simple moving average (SMA), between $2,450-2,440/oz
TVC:GOLD
by David_strategy
1
Gold (XAU/USD) Short Setup on 1-Hour ChartGold Short Setup – Targeting 2,480-2,470 Area Following Friday’s Selloff After a significant selloff in Gold (XAU/USD) on Friday, we are looking to continue the bearish trend into the new week. The market has shown weakness, and we aim to capitalize on this by targeting the 2,480-2,470 area if the opportunity presents itself. If market conditions change, we will adjust our strategy accordingly. Technical Analysis: • Continuation of Downtrend: The recent selloff suggests strong bearish momentum, with Gold breaking through several support levels. We expect this trend to continue as the market digests Friday’s moves. • Target Zones: The 2,480-2,470 area represents the next logical support level, where we anticipate potential profit-taking or a reversal if the market reaches this zone. • Entry and Risk Management: Enter short positions with an initial stop-loss above the recent swing high. As the trade progresses, consider moving the stop-loss to breakeven or into profit to protect gains. Fundamental Analysis: • Market Sentiment: The current market sentiment is bearish for Gold, driven by a stronger USD and potential tightening monetary policy. This is likely to continue pressuring Gold prices. • News and Events: Keep an eye on any economic data or news that might impact USD strength or Gold demand, as these could influence the trade. This short setup leverages the ongoing bearish momentum in Gold, with a clear target in mind. As always, stay flexible and ready to adjust based on how the market evolves. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
9.10 Gold short-term operation strategyWhen will the range oscillation stop? Gold is still expected to fall back At the beginning of the Asian session on Tuesday (September 10), spot gold fluctuated in a narrow range and is currently trading around $2506.22 per ounce. Gold prices rebounded slightly on Monday, rising above the 2500 mark and closing at 2506, with a small positive on the daily line. The rebound of US Treasury yields was blocked and hovered around the 15 lows, providing gold prices with a rebound opportunity, but the rebound of the US dollar index limited the rise in gold prices. Investors are waiting for the US inflation report to provide further clues to the possible scale of the Fed's interest rate cut. The recent trend of gold is quite subtle. From mid-August to now, for almost a month, the price has been maintained in the large range of 2470-2530. It fell when it touched the top and rebounded when it touched the bottom. The range has never been broken. Last Friday's non-agricultural data only rebounded slightly and fell around 2530. The focus of this week is the CPI data on Wednesday, which is an important factor that may break the deadlock in the range. Therefore, the CPI data at the beginning of this week currently maintains the idea of ​​range oscillation. In the current volatile market, although there was a slight rebound yesterday, the rebound strength is limited. The focus of the day is the double top pressure level 2515 formed in the short term of the daily line. Today's short orders will be participated in this position, and the second is around 2530. When it reaches this position, it will be bold to participate. Focus on the support of 2480 below. If the pressure level of 2530 above has not been broken this week, the market may turn downward. Tuesday Risk Warning ☆ Today, OPEC will release the monthly crude oil market report; ☆ At 14:00, Germany will release the final value of the August CPI monthly rate; ☆ At 14:00, the UK will release the three-month ILO unemployment rate in July, the unemployment rate in August and the number of unemployment benefit applicants in August; ☆ At 18:00, the United States will release the August NFIB Small Business Confidence Index; ☆ At 0:00 the next day, EIA will release the monthly short-term energy outlook report; ☆ At 4:30 the next day, the United States will release the API crude oil inventory for the week ending September 6. Detailed intraday operation strategy: Gold 2515SL, defense 2523, target 2500-2490 Gold 2480BY, defense 2472, target 2490-2500
TVC:GOLD
by David_strategy
1
9.10 Gold Short-term Technical AnalysisGold closed two cross-yin lines in a row on the weekly line. On Friday, it rose and fell, which highlighted the signal of strong short-term strength. Although the current gold price is still above the short-term moving average, and the short-term moving average also forms a short-term support in the 2490 area, the upward momentum is obviously beginning to show weakness. On the whole, the weekly line, the short-term still has an advantage in the short-term, and it is likely to continue to extend the low, and it is expected to reach the 2470 area again this week. This week, we need to focus on the previous two double-needle bottoming positions around 2470. In terms of the closing of the weekly and daily lines, the downward trend is obvious, and it is expected to continue to bottom out. If the position cannot be supported, then the profit of gold shorts will definitely fall sharply. In terms of intraday operations, long orders are not considered for the time being. Short orders can be participated in the rebound near 2508 Detailed intraday operation strategy: Short gold rebounds at 2508, defend 2515, target 2495-2480
TVC:GOLDShort
by David_strategy
1
9.9 Gold Short-term AnalysisGold fell last week, then rebounded and fell again. It was in a range of fluctuations. The lowest point of the week was 2471, the highest point was 2529, and the weekly line closed at 2497. The weekly line showed a cross star. The gold price was still in a bullish channel. The daily line showed a large range of fluctuations. The non-agricultural data on Friday was bullish, but 2530 was still blocked and fell under pressure. It once fell to 2485. In summary, this week's focus is on the gains and losses of 2530. Although the general trend is bullish, if it does not break the high, it will continue to run in a large range. In the day, the four-hour line showed a large range of fluctuations. The hourly line rebounded in the short term. The upper side first looked at 2500, and if it broke, it looked at 2510. The intraday operation idea is to rebound and fluctuate. This week's key data Wednesday: US Consumer Price Index (CPI) Thursday: ECB monetary policy decision, US PPI, US weekly unemployment claims Friday: University of Michigan Consumer Confidence Index Preliminary Value
TVC:GOLDShort
by David_strategy
1
9.9 Gold short-term operation strategyIn the early Asian session on Monday (September 9), spot gold fluctuated in a narrow range and is currently trading around 2496. Gold prices rose and fell last Friday, as the number of new non-agricultural jobs fell short of expectations. Gold prices once hit a three-week high of around $2529.06 per ounce, approaching the historical high, but soon gave up the gains because the unemployment rate fell and the Fed's "number three" did not send a signal of a 50 basis point rate cut to the market, causing the market to doubt the extent of the Fed's rate cut later this month. Gold's performance last Friday sounded the alarm for the market, showing that the trend in the next few weeks will be full of variables. In this context, how to deal with potential volatility will become a key issue for gold traders. Gold closed two consecutive cross-yin lines on the weekly line. On Friday, there was a wave of highs and falls, which highlighted the signal of strong short positions. Although the current gold price is still running above the short-term moving average, and the short-term moving average also forms a short-term support in the 2490 area, the upward momentum is obviously beginning to show weakness. On the whole, the weekly line, the short position still has the advantage in the short term, and it is likely to continue to extend the lows. This week, it is expected to reach the 2470 area again. This week, we need to focus on the previous two double-needle bottoming positions around 2470. In terms of the weekly and daily closings, the downward trend is obvious, and it is expected to continue to bottom out. If the position cannot be supported, then the gold short position profit will definitely fall sharply. In terms of intraday operations, long orders are not considered for the time being. Short orders can be participated in the rebound near 2505 Detailed intraday operation strategy: Short gold rebounds at 2505, defend 2515, target 2495-2480
TVC:GOLDShort
by David_strategy
1
9.6 Gold short-term operation strategyGold is currently priced at 2497 in the morning, so go short directly! Gold fell sharply at a high level last Friday, and the rebound of gold was not strong. Gold continued to build a high top, and the rebound was an opportunity to go short; Gold is currently priced at 2497 in the morning, so go short directly! Gold has a multiple top structure at a high level in 4 hours, and the 4-hour moving average of gold began to turn downward. Once a downward dead cross is formed, the space for gold to fall will be opened, and the decline of gold will increase. Gold rebounded weakly in the morning, and even 2500 could not be broken. The rebound was weak, so go short at 2497 first. The market changes rapidly, plan your trade, trade your plan, gold is weak and has no rebound, which is a signal of weakening, and gold continues to go short to the end. Gold is short at 2497, stop loss at 2507, target 2480-2475
TVC:GOLDShort
by David_strategy
1
9.6 Gold summaryWe have always emphasized that if gold does not break the new high, it is short. Gold maintains the idea of ​​shorting today. Gold finally fell as expected. Gold has a bumper harvest overall. Gold fell sharply from a high position. The profit was 56K and the position was closed. Gold has multiple top structures in 4 hours. The 4-hour moving average of gold is still showing signs of turning downward. The positive news of non-agricultural gold has not been able to make gold break the historical high. It seems that it is still difficult for gold to directly break the historical high in the short term. A Friday full of surprises and a perfect weekend!
TVC:GOLDShort
by David_strategy
1
With the Non-Farm Payrolls coming, can gold reach a new high?Gold is approaching a record high again. Will it break through tonight with the help of non-farm payrolls? The August US non-farm payrolls report will be released at 20:30 tonight. This report will directly determine whether the Fed will cut interest rates by 25 basis points or 50 basis points in the September interest rate decision, and will also directly reveal whether the US economy has entered a recession as the market worries. Last month, US employment data was weak, especially the unemployment rate hit a new high since October 2021, which aroused market concerns about the US economy. This concern spread to the entire financial market, forming a chain reaction and triggering the Black Monday plunge. Fed Chairman Powell said at the August Global Central Bank Annual Meeting that he did not expect the August employment report to continue to be weak, and the September interest rate cut would not change due to the rebound in the employment market. The overly weak employment performance is not what the Fed wants to see. In addition, the number of non-farm payrolls in the United States on August 21 was revised down by 810,000, which means that the employment report in the past 12 months has been beautified, and the average number of jobs has decreased by 68,000 per month. It shows that the US economic performance is not as optimistic as the market expected. Due to the downward revision of past data, non-agricultural data will not have too much water, unlike the huge monthly difference in employment data in the previous few months, which made the investment bank's forecast of employment become a decoration. This time, the market expected 160,000 employment and 4.2% unemployment rate. Last month, 114,000 employment and 4.3% unemployment rate. Tonight's non-agricultural data mainly has two aspects: 1: The data performed better than market expectations, and the number of employed people rebounded further. It must be a low probability event if it is lower than 100,000. If it is between 110,000 and 160,000, it will cause the gold price to rise first and then fall. It is not as good as expected, but it is stronger than last month. 2: The employment data continued to be weak, even lower than 114,000 last month, and the unemployment rate rose by more than 4.3%, which is bullish for gold. From another perspective, from the perspective of the US economic recession, gold may not rise. Arbitrage transactions will be sold in large quantities, dragging down panic selling of other assets, and gold is no exception. That is to say, whether the employment data performs well or poorly tonight, it should be difficult for gold to rise. Good employment performance is bearish for gold, and poor employment performance indicates a hard landing of the US economy. Wasn’t last month’s non-farm data bullish, but gold fell sharply? Therefore, today, gold should pay attention to the risk of falling back after rising. Yesterday, gold broke through 2506 and turned bullish. I also reminded that 2506 is the dividing point between long and short positions this week. If it breaks through, you can no longer have illusions. Then 2518 was reversed to 2505, and a high-altitude profit was made. Pay attention to the dividing point between long and short positions at 2530 today. After a surge upward, be careful of the short-selling counterattack with the help of non-farm data tonight! Focus on 2505 below, and the breakout will continue, but pay attention to risk control.
TVC:GOLD
by David_strategy
1
9.6 Gold Short-Term Trading StrategySpot gold fluctuated in a narrow range in Asian trading on Friday (September 6), currently trading around 2520, holding on to most of its overnight gains. Gold prices rose to a near one-week high on Thursday as the dollar weakened and yields fell. Earlier signs of a loss of momentum in the labor market led investors to expect the Federal Reserve to make a super-large interest rate cut this month. According to a Reuters survey, job growth is expected to pick up in August, with non-farm payrolls expected to increase by 160,000 jobs that month, exceeding the 114,000 increase in July. The unemployment rate is expected to fall to 4.2% in August. Gold broke the deadlock of the first three days of this week during the day. As the US dollar index fell, gold chose to break upward. After a narrow range of fluctuations around 2495 in the early trading, it began to attack around the European trading session, breaking through the key suppression level of 2500, and breaking through the 2507 high that was broken in the previous few days. The US market accelerated to 2523 with the stimulation of ADP data, and finally fell back in the short term, with the daily line closing with a large positive column. So far this week, gold has tested the bottom support of 2470 twice. It can be seen that although it reached around 2470 twice, the real K-line basically closed above 2480, which is enough to prove that the bullish buying on dips in gold is still very strong. It is expected that before the arrival of non-agricultural and interest rate cuts, gold will continue to fluctuate at a high level. In terms of intraday operations, it is still sufficient to maintain range operations. Intraday short-term operation strategy: Short gold rebounds at 2525, defend 2532, target 2510-2500
TVC:GOLDShort
by David_strategy
1