Pay attention to whether gold can hit new highs
Yesterday, the price of gold hit a new high again after falling back, but it was only about $1 higher than the previous high, and then turned around and fell. Today's lowest point reached around $2,267, and it is currently in the rebound and upward stage. The current resistance level of 2265-2270 US dollars has not yet been breached. The main focus is on whether prices can reach new highs again. If the price encounters strong resistance near $2,305 again, it may enter a volatile market next. Today's US non-farm payrolls report has not yet been released.
Just now, the U.S. Bureau of Labor Statistics: Total non-farm employment increased by 303,000 in March, which is higher than the average monthly increase of 231,000 over the past 12 months. This news is not conducive to the continued rise of gold and may cause gold to fall in the short term.
Trading Strategy: If the price does not fall below $2,265, remain bullish. The overall trading idea is still to go long at the support level.
The main focus now is on the resistance range of $2265-2270. If the price falls back to the resistance range of 2265-2270 US dollars, you can continue to open long orders. The expected take-profit price above is in the range of 2290-2300 US dollars. If the price falls below $2,265, the decline will continue in the short term.
Just now, the U.S. Bureau of Labor Statistics: Total non-farm employment increased by 303,000 in March, which is higher than the average monthly increase of 231,000 over the past 12 months. This news is not conducive to the continued rise of gold and may cause gold to fall in the short term.
Trading Strategy: If the price does not fall below $2,265, remain bullish. The overall trading idea is still to go long at the support level.
The main focus now is on the resistance range of $2265-2270. If the price falls back to the resistance range of 2265-2270 US dollars, you can continue to open long orders. The expected take-profit price above is in the range of 2290-2300 US dollars. If the price falls below $2,265, the decline will continue in the short term.
Comment:
It is expected that the short-term high of this gold rise will be in the range of 2325-2330 US dollars.
It is expected that the short-term high of this gold rise will be in the range of 2325-2330 US dollars.
Comment:
Consistent with my prediction, the price of gold currently encounters resistance near US$2,330 and is expected to begin to fall back. Long orders can be closed first.
Consistent with my prediction, the price of gold currently encounters resistance near US$2,330 and is expected to begin to fall back. Long orders can be closed first.
As I predicted, gold is currently at a new high