Gold prices fluctuated on November 20th, awaiting the non-farm p

7 giorni fa

On the hourly chart, gold continues to oscillate between 4000 and 4100. The current short-term trend is slightly weak, but not particularly strong. Before today's non-farm payroll data release, a strategy of buying low and selling high is recommended. Consider a small long position at 4040, targeting the 4080-4100 area. Short positions can be considered at resistance levels. The European session is expected to be relatively quiet; therefore, a cautious, small-position trading strategy is advised. Avoid chasing the market down; the potential downside is limited.

7 giorni fa

Nota

Short-term trading suggestions:

BUY: 4040 Stop loss: 4032

TP1: 4070

TP2: 4085

SELL: 4095 Stop loss: 4108

TP1: 4070

TP2: 4050

7 giorni fa

Trade attivo

From the 4-hour chart, gold is expected to trade within a range during the daytime session. The key resistance level to watch is 4125, while the key support level is 4040-45. Technically, a pullback is more likely. We will patiently await the non-farm payroll data and adjust our strategy accordingly. However, we also reserve the possibility that the market might break down prematurely due to market expectations before the non-farm payroll data release. During this period, it's advisable to observe more and trade less, avoiding chasing the market and patiently waiting for key entry points. I will provide specific trading strategies during the trading session; please pay close attention.