Gold Spot / U.S. DollarUpdated 3.10/Gold price fluctuates widely, long at low price
3.10/Gold price fluctuates widely, long at low price
Price range: Gold price fluctuates in the range of 2890-2930 US dollars, and the long and short forces tend to be balanced.
Pressure level: There are multiple pressures in the 2930 US dollar area, which limits the upward space of gold price.
Fundamentals:
US non-farm data: February non-farm employment data is lower than expected, which strengthens the Fed's expectations of interest rate cuts this year, which is good for gold.
Short-term impact: The market is waiting for more economic data to verify the Fed's policy stance, and gold prices are susceptible to fluctuations in the US dollar index and US Treasury yields.
Strategy suggestions
Shock trading ideas:
Support level: 2890 US dollars.
Pressure level: 2930 US dollars.
Operation suggestion: Long around 2890-2900 US dollars, stop loss at 2880 US dollars, target 2930 US dollars.
I will announce the specific operation strategy below the article, thank you for your attention and comments
Price range: Gold price fluctuates in the range of 2890-2930 US dollars, and the long and short forces tend to be balanced.
Pressure level: There are multiple pressures in the 2930 US dollar area, which limits the upward space of gold price.
Fundamentals:
US non-farm data: February non-farm employment data is lower than expected, which strengthens the Fed's expectations of interest rate cuts this year, which is good for gold.
Short-term impact: The market is waiting for more economic data to verify the Fed's policy stance, and gold prices are susceptible to fluctuations in the US dollar index and US Treasury yields.
Strategy suggestions
Shock trading ideas:
Support level: 2890 US dollars.
Pressure level: 2930 US dollars.
Operation suggestion: Long around 2890-2900 US dollars, stop loss at 2880 US dollars, target 2930 US dollars.
I will announce the specific operation strategy below the article, thank you for your attention and comments
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰FREE FOREX signals in Telegram:t.me/+ijU1aIBSMDFlZDFh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.