The trend of gold is clear, just wait for it to hit a low and th

The positive support showed a strong rise, but the lack of momentum did not continue. It retreated from the high and re-examined the support. It stabilized and turned upward to maintain the range.

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The Federal Reserve kept the current interest rates unchanged, and the overall tone is dovish, pushing the price of gold to rise further. It seems that the technical adjustment is in place, but in fact there is a lot of pressure on the upward trend.

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At this week's Federal Reserve meeting, Powell said that if the labor market shows signs of softening, the Fed can turn its attention away from inflation and consider cutting interest rates.



Judging from the current data, available job vacancies in the United States fell to 8.488 million from 8.81 million in February, which is the lowest level in nearly three years.

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The turnover rate unexpectedly plummeted by 198,000 to 3.329 million, the largest monthly drop since June last year, and the voluntary turnover rate fell to 2.1%, the lowest level in the past four years.

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A higher number of voluntary separations indicates a tighter labor market, and vice versa. Judging from recent data, the number of people leaving their jobs has dropped significantly, which shows that people are less confident in finding or changing jobs in the current market.

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Under this circumstance, today's market will usher in the U.S. non-farm payroll employment in April. The current market expectation is 243,000, lower than the previous value of 303,000. The unemployment rate remains at 3.8%, of which the unemployment rate is the focus. of.

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Last month's non-farm payrolls data showed strong performance. The price of gold stabilized after only a brief decline, and then made a strong breakthrough. Whether today will show a similar trend to the last non-farm payrolls, no one is sure, even if this time it is The data is negative for gold prices, and the room for decline is limited. After all, the upward trend is intact and will continue.

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The price of gold is currently running above the US$2,300 mark. It has maintained a consolidation trend so far in early trading. Neither the longs nor the shorts have the potential to break through. It is expected that they will have to wait for evening data guidance.

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In the short term, the gold price will support the $2283-2281 area below, with further support at $2270, and the primary resistance above at $2308. It can extend and rise again after breaking through, and further can see $2330. My personal initial plan is to maintain a low-long trade. , if the price can close above US$2,330 this week, there is a high probability that it will continue to rise, gradually looking at US$2,350, and US$2,400.

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It easily reached the first profit-taking position of 2308. Today is a non-agricultural day. We mainly look at 2330, and gradually look at 2350 US dollars and 2400 US dollars.

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In the short term, the gold price will support the $2283-2281 area below, with further support at $2270. The primary resistance above is at $2308. It can extend and rise again after breaking through. We can further see 2330. My personal initial plan is to maintain a low-long trade. , if the price can close above US$2,330 this week, there is a high probability that it will continue to rise, gradually looking at US$2,350, and US$2,400.

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Please prepare in advance

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It’s the last trading day of this week, I wish everyone a profit

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The current adjustment of gold is to prepare for the surge in non-farm payrolls.

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Are you ready? Dear gentlemen

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If you don’t trust me, you’ve lost money, right?

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If you happen to see it, be prepared

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Hello ladies and gentlemen, thank you for liking my analysis.

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I hope everyone can see my analysis

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happy weekend