In the morning session, I said that the current market is in a volatile trend, and if it falls back, you must go long. Technically, the Bollinger Bands of gold in the 1-hour and 4-hour periods extend horizontally, and the upper and lower rails still frame the gold price tightly. Go with the trend and enter the market with more than 2,900 orders.
Gold, last Friday's non-farm payrolls did not give a clear direction, and continued to fluctuate within a large range. The key pressure above remained at the 30 line, while the support below continued to be accompanied by constant shocks, and the lows continued to rise. However, the range has not been broken, and the daily moving average system is also...
Although the non-agricultural data on Friday was significantly bullish for gold, the daily pressure level has not been broken for three consecutive days. Today's idea is still to short when the daily pressure level ranges from 2919.50 to 2930, or to short directly at 2928.50.
Support and pressure levels of gold in various cycles:
Gold weekly support level...
