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Gold shocks are on the high side, focus on non-agricultural markets!

Wonderful introduction:

Love sometimes does not require the promise of eternal love, but it definitely needs meticulous care and greetings; love sometimes does not need the tragedy of Butterfly Lovers, but it definitely needs the tacit understanding and congeniality of the heart; love sometimes does not need the following of male and female, but it definitely needs the support and understanding of each other.

Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Gold is more volatile, focus on non-agricultural markets!". Hope this helps you! The original content is as follows:

Spring couplets, fruits, candies and melon seeds, jewelry pendants, various utensils, the streets are full of shouts of new year's goods, this is the rural market.

I didn’t feel far away when I drove home before, but now I feel very far away when I xmaccount.come back. There are fewer and fewer old people at the entrance of the village, and the young people don’t recognize any of them. Home has become a homeland that I can’t return to.

Good morning, you in front of the screen, home is where your parents are. This may be the meaning of xmaccount.coming back, a place to rest after a busy year, and the meaning of going out to work hard for a year.

Gold, fluctuated slightly yesterday and closed negative, but this was not enough to suppress short sellers.

The only way to suppress short positions during a rise is to break the bottom, or at least break the low point of the daily rise, rather than bottom out and rise.

Xiaoyin definitely cannot stop the rise, which shows that the shock top after the previous big drop has not yet appeared.

But two quick counterattacks at the bottom basically established the situation. It depends on how big the interval is.

The shock range of these two days certainly does not count.

At the same time, it has fallen for two consecutive days without falling or breaking the bottom. The hourly line has bottomed out and rebounded, and it is single negative, so don’t be short today.

A simple look at the hourly line shows that there are consecutive yangs and only yin, which is potentially bullish. It doesn’t make much sense to be bearish. Once yesterday’s low is broken, there will be room for shorts.

Another point today is that January’s non-farm payrolls will be announced this evening.

The market is currently consolidating, indicating that non-agricultural sectors still have a relatively large impact on the trend.

Two points need to be noted:

1. When weakening, you must break through the frontThe low point, at least below 4970, can be said to alleviate this wave of backlash.

This also means that if you can't go short in two days, there is no need to go short.

2. After two rapid bottom-out rebounds below, the oscillating lower track has basically formed. It depends on when the upper track appears.

Pay special attention to non-agricultural activities in the evening.

So today is divided into two parts:

1. The pre-non-agricultural market is still bullish, the watershed is 5022. This kind of sideways trading can also go long above 5040 during the day, and see the fluctuation of 30-50 US dollars.

2. If the bulls have a better profit before the non-farm payrolls rise, hold on and see. If it continues to trade sideways, get out and wait for the non-farm payrolls data.

According to the current rhythm, don’t intervene in time, wait until the bottom is broken before considering it.

The end of the year is approaching, and everyone is also thinking about celebrating the New Year. The content is simple.

(Detailed strategy, pay attention to member tips)

[The above only represents the author's personal views and opinions, investment is risky, please be cautious when entering the market]

The above content is about "[XM Foreign Exchange Platform]: Gold is more volatile, focus on non-agricultural products!" It is carefully xmaccount.compiled and edited by the editor of XM Foreign Exchange, I hope it will be helpful to your trading! Thanks for the support!

Only the strong know how to fight; the weak are not even qualified to fail, but are born to be conquered. Hurry up and study the next content!

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Previous：Yesterday’s prediction was accurately realized, and today’s golden strategy has been upgraded! Next：The U.S. dollar is short and the non-U.S. dollar is bullish before non-farm payrolls remain unchanged, and the short-term watershed determines whether it can continue.

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Trusted by over 15 Million Traders

The Most Awarded Brokerfor a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market news

Gold shocks are on the high side, focus on non-agricultural markets!

Related News

The Most Awarded Broker
for a Reason