High-quality gold analysis
Updated
The United States released non-farm data for May, with 272,000 new jobs, far exceeding the market expectation of 185,000. At the same time, wages increased by 0.4%, also higher than the expected 0.3%, which suppressed the Fed's expectations of a rate cut. In terms of geopolitical situation, the United Nations passed a resolution on the Gaza Strip submitted by the United States, calling on Israel and Hamas to cease fire. Israel has accepted the agreement and Hamas welcomed it, which hit gold's safe-haven buying.
On the daily chart, gold stabilized and rebounded in the short term after the oversold on Friday, but it is still under pressure overall. The upper pressure of gold mainly focuses on the one-month low of $2,314 before the sharp drop of gold last Friday. This is also the position where gold short-term plunged and stabilized after the release of non-agricultural data. The gold price encountered resistance here on Monday and today. Secondly, the rebound high of gold price after the non-agricultural data was released was $2,328, which is also the current 5-day moving average position of the daily line; the lower support of gold mainly focuses on the pressure position of gold price in the European session on Monday, which is also the low point of gold price falling in the day. Secondly, the low of last week was $2,286. The gold price also stepped back here and stabilized on Monday, as well as the two-month low of $2,277. The 5-day moving average and MACD indicator dead cross, KDJ and RSI indicators dead cross, showing that the short side is dominant in the technical aspect.
In terms of operation, it is recommended to treat it with a volatile mindset. Pay attention to the upper pressure at 2314 US dollars. A break here may lead to a short-term rebound. Continue to pay attention to 2328 US dollars; pay attention to the lower support at 2297 US dollars. A loss here may increase the short-term decline. Continue to pay attention to 2286 US dollars and 2277 US dollars.
On the daily chart, gold stabilized and rebounded in the short term after the oversold on Friday, but it is still under pressure overall. The upper pressure of gold mainly focuses on the one-month low of $2,314 before the sharp drop of gold last Friday. This is also the position where gold short-term plunged and stabilized after the release of non-agricultural data. The gold price encountered resistance here on Monday and today. Secondly, the rebound high of gold price after the non-agricultural data was released was $2,328, which is also the current 5-day moving average position of the daily line; the lower support of gold mainly focuses on the pressure position of gold price in the European session on Monday, which is also the low point of gold price falling in the day. Secondly, the low of last week was $2,286. The gold price also stepped back here and stabilized on Monday, as well as the two-month low of $2,277. The 5-day moving average and MACD indicator dead cross, KDJ and RSI indicators dead cross, showing that the short side is dominant in the technical aspect.
In terms of operation, it is recommended to treat it with a volatile mindset. Pay attention to the upper pressure at 2314 US dollars. A break here may lead to a short-term rebound. Continue to pay attention to 2328 US dollars; pay attention to the lower support at 2297 US dollars. A loss here may increase the short-term decline. Continue to pay attention to 2286 US dollars and 2277 US dollars.
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It is recommended to treat gold with a volatile mindset today. The upper pressure is at $2,314. A break above this level may lead to a short-term rebound. Continue to pay attention to $2,328. The lower support is at $2,297. A loss here may increase the short-term decline. Continue to pay attention to $2,286 and $2,277.Trade active
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Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
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If your trading is not going well, or you want to expand your profits, you can contact me.Trade active
If your trading is not going well, or you want to expand your profits, you can contact me.Trade active
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Going long on gold, I made a profit of 230 points, which is a very good profit. If you are still losing money, please contact me as soon as possible.Trade active
Today, both long and short positions have made profits, which is a very good profit. If you see my analysis and follow it, you will also make a good profit at this time. If you want to get a trading plan, you can contact meTrade active
Today, both long and short positions have made profits, which is a very good profit. If you see my analysis and follow it, you will also make a good profit at this time. If you want to get a trading plan, you can contact meTrade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
Today, both long and short positions have made profits, which is a very good profit. If you see my analysis and follow it, you will also make a good profit at this time. If you want to get a trading plan, you can contact meTrade active
Hope it helps youTrade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
Trade active
Profit is the only purpose of our entry into the market, so don't waste your opportunities, if your transaction is not going your way, you can contact me as soon as possible.Trade active
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