Hello everyone. Gold has seen very extreme behavior recently. It has risen by $90 for three consecutive days. How does gold rise? He must fall just like this rise. This phenomenon is rare. Looking at the current trend of gold, most people are bullish. This is undoubtedly true. But beware of this being a trap laid by the main force for everyone. Because this week there will be Fed Powell’s speech, non-farm employment data and the US election. So it will have a huge impact on gold. These news and data can also cause trading difficulties for investors. So I will also share some of my trading signals here from time to time.
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2027sell.tp2020-2015-2010.sl2032
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Our 2027 sell order. Currently, our orders have dropped to 2022 and we have already made some profits. You can lighten up your position first.
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2039sell.tp2033-2028-2023.sl2046
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Gold has fallen to 2023 and our TP price is complete. Congratulations to everyone. Both trading signals today were profitable.
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Gold’s current short-term resistance is 2035-2045
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Gold will release ADP non-agricultural small data later. The previous value was 107,000, and the current market estimate is 150,000. According to market estimates, it is favorable for the decline of gold. For example, the actual value announced was less than the expected value of 150,000, but greater than the previous value of 107,000. It rises first and then falls. Lower than expected is good for gold prices. But being greater than the previous value is conducive to a fall in gold prices. In addition, there is a very important speech today. Federal Reserve Chairman Powell's speech will cause relatively large fluctuations in gold.
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2033sell.tp2028-2022-2012.sl2041
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ADP data has been released. Announced value of 14,000, lower than expected value of 150,000. However, the announced values are higher than previous ones. So for now we wait and see whether the major institutions will perform a washout.