Today's NFP market is the highlight, and gold's performance in NFP is exactly in line with my expectations. First, I explained that I am optimistic about gold's rebound after the decline in the NFP market, and focus on the 2516-2512 support area and the 2505-2500 area.
Before the release of the NFP data, gold just fell back to around 2512, and then rose to around 2518; after the release of the NFP data, gold instantly fell back to around 2508, and then rose sharply to around 2528. Basically, it meets my expectations that gold will fall back first and then rise.
At present, gold has fallen back to the 2505-2500 area again, and the current lowest point has reached around 2503, retesting yesterday's rebound area of 2504. If the test support is effective, gold will rebound again. I expect gold to rebound to at least the 2515-2520 area. So I have decisively chosen to go long on gold.
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