Gold still hasn’t peaked, what about next week?

Last week, gold continued to rise on Monday, Tuesday, and Wednesday, constantly setting new highs, soaring by dozens of points every day. Only on Thursday did gold press the pause button, and the market was counting on Friday's non-agricultural data to repair gold's upside. . Things are not going as expected.


Although non-agricultural data and unemployment benefits data are negative for gold, gold has also fallen a bit, and there is room for $16 overall. However, in the face of the bull trend, a drop of more than a dozen points cannot change the absolute strength. Don't blindly guess the top before there is a clear top. The lower support is at 2280 and 2245. The early double top 2305 is also an important support.


Pay attention to the gains and losses of these three points next week. If it falls back downwards, wait until it falls below 2280 before looking at the larger adjustment space. Otherwise, do not watch the deep decline.

Gold has been making profits this week, and gold's non-agricultural data on Friday disrupted the profit rhythm. Trading is like this, and it is impossible to be 100% profitable. Next week’s trading is about to begin, are you ready?

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