Non-farm payrolls determine the trend of gold, are you ready?
Hello everyone, you in front of the screen, in fact, we are just a very small individual, and a big change in the environment has little effect on us. Three meals a day are life, and the rest are just fireworks. Therefore, we need to maintain a good attitude to actively face different market trends when we trade every day. In this way, we can become a qualified trader. I wish you all the best of luck today.
Today is non-agricultural data, so today is basically a small-level correction trend. This week, the market experienced strong shocks and a trend of dishwashing. The U.S. dollar index broke high and fell, and gold, silver and non-US currencies all broke low and then pulled up. The overall trend of violent dishwashing is not easy to grasp. But don't be discouraged, this kind of violent dishwashing trend does not account for a large proportion in a year. Therefore, it is important to adjust your mentality.
Yesterday, Silicon Valley Bank fell by 60%. The market is worried that the Federal Reserve will raise interest rates excessively, which will impact the banking business. This is also the reason why the Federal Reserve has recently stated that it will raise interest rates faster to curb inflation, and the market shows that the probability of raising interest rates is still very high. Yesterday, the number of initial jobless claims exceeded 200,000 in 7 weeks, and the number of layoffs in US companies this year reached the highest level in 14 years. To a large extent, last month's non-agricultural employment was still short-lived, and the probability of returning to the prototype this month is very high.
For the non-agricultural data, the previous value was 51W, and the market expected it to be 25. I personally predict that it will be between 25-51, and continue to form a large shock trend.
The current gold 4-hour chart shows that it is still a big shock trend. As long as the general trend does not rise to 1850, it will still be short. In addition, today’s big non-agricultural situation will not be a unilateral market before the data, so now the pressure position is a good opportunity to short. Have a drink of soup before the data, and serve the main course after the data is released!
Today is non-agricultural data, so today is basically a small-level correction trend. This week, the market experienced strong shocks and a trend of dishwashing. The U.S. dollar index broke high and fell, and gold, silver and non-US currencies all broke low and then pulled up. The overall trend of violent dishwashing is not easy to grasp. But don't be discouraged, this kind of violent dishwashing trend does not account for a large proportion in a year. Therefore, it is important to adjust your mentality.
Yesterday, Silicon Valley Bank fell by 60%. The market is worried that the Federal Reserve will raise interest rates excessively, which will impact the banking business. This is also the reason why the Federal Reserve has recently stated that it will raise interest rates faster to curb inflation, and the market shows that the probability of raising interest rates is still very high. Yesterday, the number of initial jobless claims exceeded 200,000 in 7 weeks, and the number of layoffs in US companies this year reached the highest level in 14 years. To a large extent, last month's non-agricultural employment was still short-lived, and the probability of returning to the prototype this month is very high.
For the non-agricultural data, the previous value was 51W, and the market expected it to be 25. I personally predict that it will be between 25-51, and continue to form a large shock trend.
The current gold 4-hour chart shows that it is still a big shock trend. As long as the general trend does not rise to 1850, it will still be short. In addition, today’s big non-agricultural situation will not be a unilateral market before the data, so now the pressure position is a good opportunity to short. Have a drink of soup before the data, and serve the main course after the data is released!
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Like all traders, Miracle loves trading very much. We welcome your different opinions in the comment area.
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Before the non-agricultural data is released, it is currently bearish. Choose to go short at 1836-1838. Target 1827-1810, stop loss 1843. Now the short line is at 1825. Once 1825 falls, it will return to 1810
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At present, our 1836-1838 short thinking is correct. Now let's see if the strength is as we expected
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Now gold depends on whether the one-hour closing line can continue to fall
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patiently wait
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Today's gold non-agricultural general trend, I keep my short-selling thinking unchanged. Now let's see if we can give a higher price to let us continue to increase positions and short positions.
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There are 35 minutes of non-farm payrolls data to be released. Let us witness today's miracle together. are you ready?
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are you ready? Nonfarm payrolls data is due in 5 minutes. We hold 1836-1838 short, hold firmly
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Gold 1840-1843 plus the number of short orders. Take profit 1827-1810. Stop loss 1852
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Gold 1850-1852 short, stop profit 1838-1827, stop loss 1860
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Everyone remember, go short. Need light warehouse to buy in batches. control risk
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The gold non-agricultural profit and short market does not fall, the bulls are strong, adjust the strategy, the market has broken through the solid top of the big negative line on Tuesday, the daily line reverses deep V, the market is not suitable for one tendon, and if you make a mistake, you must know the mistake and correct it. The market is now obviously long, so you can only do more.
Gold 4 hours now has a double-bottom structure. If it breaks through and rises, the bulls will continue to exert force. There is no highest, only higher. This time 1858 should be unstoppable. Next, the operation will fall back to 1838 support and go long.
Gold 4 hours now has a double-bottom structure. If it breaks through and rises, the bulls will continue to exert force. There is no highest, only higher. This time 1858 should be unstoppable. Next, the operation will fall back to 1838 support and go long.
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It is very timely for us to adjust our thinking in time. The bullish momentum is very strong right now. 1858 will definitely not be able to stand it. The current price is close to 1862. Stay on the sidelines for now. Wait for the market to stabilize before continuing to choose a point to buy
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At present, the resistance of gold is at 1870, and the support is at 1840-1831. Stay on the sidelines and do not chase long or short.
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It is not terrible to make mistakes in trading. What I'm afraid of is knowing that I'm wrong and being stubborn. So we have to maintain a good attitude to face. Trades happen every day, even if we are wrong today. Adjust your mentality. Tomorrow, you can make back what you lost today.
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At present, I give two most stable solutions for gold. The first is 1870 short, take profit 1852, stop loss 1875. The second plan is 1848 long, take profit 1865, stop loss 1840. We will make that plan first when it is low to that point. I wish you all a great day.