Non-Farm Payrolls Data Imminent, Strategy Update

4 days ago

Let's review today's trading. We opened with a long position that successfully took profit, starting the day with a positive outcome. Then, we precisely timed our short positions for substantial gains, completing three trades so far. All trades were executed under your watchful eyes; you can check our historical recommendations to verify their accuracy. Now, let's look at the updated strategy:

The September Non-Farm Payrolls report will be released today. In the lead-up to the report, gold is likely to trade within a range. Looking at the European session, the highs are getting lower, indicating weakness in gold. Our current strategy leans towards shorting. Gold has been very volatile recently, so timing is crucial. Considering the significant uncertainty surrounding the Non-Farm Payrolls data, our strategy is divided into two parts:

1: Before the Non-Farm Payrolls report: Gold is likely to fluctuate between 4040-80 during the European session, allowing for both shorting and buying opportunities.

2: The market will likely experience significant volatility before and after the Non-Farm Payrolls data release, with an initial upward move followed by a pullback. We will then adjust our trading strategy based on the data results.

This is the current overall strategy. Please note that this advice is time-sensitive; we will notify you if there are any changes in market conditions or news later. Considering the potential delay in article updates, if you do not yet have a gold trading plan or strategy and are seeking consistent and stable returns, please contact me. Let's work together to flexibly and steadily pursue greater profits in the ever-changing market!

4 days ago

Trade active

Our long positions bought near 4040 have yielded substantial profits. This was done with everyone's witnessing, making today's operation a great success.

Gold opened higher in the Asian session today but then fell back. In the European session, gold began to fluctuate at lower levels, with each rebound high lower than the previous one, indicating an overall weak trend. However, gold is likely to continue fluctuating before the Non-Farm Payrolls report; we need to patiently wait for the data. If gold cannot break through 4110 after the US Non-Farm Payrolls report, then short-term rebounds should be used to sell. Only if gold regains and stabilizes above 4110 will the bulls have the strength to launch a further attack. The key resistance level to watch is 4125. Currently, a rebound to 4110-20 presents a shorting opportunity.

Tonight, the highly anticipated Non-Farm Payrolls report will be released! This is no ordinary employment data; it's the first employment data released after the US government reopened, drawing immense attention! Why is this Non-Farm Payrolls data so important? Think about it: during the government shutdown, many economic data could not be released normally. Now that the government has finally reopened, this data is like a ray of light in the darkness, illuminating the latest situation of the US job market. Moreover, it has a crucial impact on the future direction of the Federal Reserve's monetary policy, which means that it is likely to cause a huge upheaval in the financial markets.

4 days ago

Trade closed: target reached

Absolutely perfect! Another successful prediction and profit. Gold's movement aligned with our pre-data release forecast. During the US session, it rose to around 4110 before encountering resistance and pulling back. Since the data didn't provide a clear direction for gold, it's currently still consolidating within a range. Strong resistance lies at 4110-20; only a break and hold above this level would indicate a strong bullish trend. Support is at 4040-50. The current strategy remains to buy low and sell high within this range.