Gold trend layout in the evening after the release of NFP data

2 thg 5

🗞News side:

1. Pay attention to the recent trade situation and news about the Fed's interest rate cuts
2. Be wary of DXY trends
3. The situation of the Russian-Ukrainian war and the follow-up events of the India-Pakistan conflict

📈Technical aspects:

The short orders in hand have already been profitable, and gold is now back near 3250, while the US dollar index has once again fallen by 100, reaching around 99.6, and the 1H moving average is currently showing signs of turning upward. The upper and lower shadow lines of the 1H K-line closing look like cross stars of equal length, which means that things may go wrong, and gold may rebound upwards in the short term. We can still focus on the resistance of 3260-3270 above, and further focus on the first-line resistance of 3280-3286, while the bottom has never been able to effectively break through the first-line support of 3240. If this week closes at 3240, then the market outlook next week will be conducive to long trading.

Intraday operation suggestions
🎁SELL 3260-3270
🎁TP 3245-3240

🎁BUY 3230-3240
🎁TP 3260-3270

If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices.

XAUUSD XAUUSD XAUUSD XAUUSD GOLD

2 thg 5

Giao dịch đang hoạt động

Gold is still in a sweeping market at night. If the gold price cannot fall below the short-term support of 3240-3230, we will rely on the support level to go long. The upper side is still optimistic about the 3260-3270 resistance area and the 3286 first-line suppression. If the gold price encounters resistance and pressure, we can short-sell. If the price closes above 3240 this week, there may be a favorable situation in the market next week. Whether the key support of 3200 below is broken will determine whether the short-term downward trend since 3500 has been adjusted and ended.

2 thg 5

Đóng lệnh: đạt mục tiêu

After we gave the trading strategy in the evening, I also made a long order near 3230, but as the gold price fell and hit my stop loss range of 3225-3220, I also closed the position in time to stop the loss. Subsequently, the price of gold fell into short-term sideways consolidation, with the current highest reaching around 3241. I also seized the opportunity and made two short-term long transactions to reverse the losses. I don't plan to participate in trading near the close. We will focus on whether today's closing position can close above 3240.