Gold prices continued to weigh on this week, and although they rose to highs in 1930-1935 this week, they were quickly pushed down again. After four trading days this week, gold has been volatile below 1938. This week's low was made at 1902, and the range that can be determined is between 1938 and 1902 at the moment. So far, the price has not broken through this range before the release of the non-farm payrolls data.
This week's decline caused the daily chart to close in the dark on Wednesday and Thursday, forming a clear downtrend. The daily candlestick has been pressed below the daily Bollinger mid-band, indicating a clear trend of weakness in the daily cycle. Further declines can be seen in the lower daily Bollinger band or the previous low of 1892. In addition, after Thursday's decline, the Bollinger bands on the 4-hour chart opened slightly, the lower band opened, and the moving average system diverged downward, which also indicated weak characteristics. At the same time, there was greater pressure above, especially at the upper rail pressing point 1930-1938.
The breakout of the upper suppression point should be closely watched next week. According to the normal trading idea of the technical picture, next week's operation is recommended to plan short participation in the suppression situation at a high level. Focus on the pressing space of 1935-1938 above, and support between 1910-1902 below.
Trading in this range, the specific details of the transaction wait for the opening real-time signal prevail
Transaction en cours:
Trading in this range
Transaction en cours:
hope you succeed
Transaction en cours:
The market will fall back
Transaction en cours:
The market will fall back
