0307 GOLD's trading plan on non-farm payroll DAYHello traders,
On Thursday, the circle indicated: "For new positions on Thursday, continue to look for confirmation of bullish signals on the 1-hour chart. The targets are still set as follows:
TP1: 2928
TP2: 2954
TP3: 2987
On Thursday, after the European market opened, gold experienced a downward trend. After correcting the decline from the European morning session to half an hour after the U.S. market opened, it continued to fluctuate. On the daily chart, Thursday closed bearish, with gold showing consecutive small bearish candlesticks. Consider attempting to enter short positions, as the upward trend in gold for this week has ended. However, we still need to wait for Friday's non-farm payroll data to confirm this.
On the 4-hour chart, the fluctuating market for gold is waiting for the non-farm payroll data to guide its direction. Considering the bearish trend on the daily chart, we are waiting for a new 4-hour reversal short signal and looking for entry opportunities on the 1-hour chart to short gold. It is recommended to wait for trading opportunities after the Asian session next Monday."
GOOD LUCK!
LESS IS MORE!