The current price of gold in the morning session is 3318, which is directly short!
Gold continues to fluctuate, with small non farm gains today and dense data in the second half of the week. It is highly likely that gold will have to wait for the data to break through. The trend of volatility will be maintained before the data, and gold will continue to rise and fall in the morning session. The rebound is still under pressure, and the current price of gold in the morning session is 3318, which is directly short!
Gold continues to fluctuate for one hour now, and the amplitude of the oscillation is starting to narrow, which indicates that it is getting closer to the turning point. In terms of the current oscillation of gold, it is still in a downward trend. In the morning, gold rose again near 3328 and fell back under pressure. Therefore, gold continued to hit a high altitude under 3328 in the morning. Tonight, Xiao Nongfu, if gold breaks through the volatility today, then we will follow up accordingly.
The market is constantly changing, and we never engage in dead long or dead short positions. Today, the small non farm sector is also a key point for gold long and short positions. So once gold chooses a direction, don't be persistent. We have always said that this market is not a dry market and is more suitable for passionate wanderers.
Morning trading strategy:
Gold 3318 short, stop loss 3330. Target 3300-3290;
Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.
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