Today you need to pay attention to the impact of US non-farm payrolls data and unemployment rate on gold in April.
Today's golden range is 2280-2344, and the small range is 2290-2330
You can trade within the range. Every Friday's trend is quite unexpected. You need to have stricter SL to prevent gold from causing you greater losses because the data breaks through the range.
Non-agricultural employment was as high as 303,000 last month, and this time it is expected to be 243,000. The probability of the data being higher than 240,000 is slim. To a large extent, it is still lower than 240,000, which means it is a bullish situation for gold, but we need to wait for the release of data to know the details
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Commentaire:
As I expected today, the number of employed people was 175,000, which was much lower than expected, which is good for gold.
