On the night of non farm farming, gold is on guard against rising and falling sharply!
Since late last night until now, gold has experienced a sharp decline followed by a significant increase, and the market has entered a rollercoaster cycle of back and forth washing. This kind of roller coaster washing market, empty orders not running in time, is ultimately a waste of effort. Those who hit stop loss back and forth are destined to be seriously injured today. Yesterday, we were overly cautious and observed around the clock. Although we missed the opportunity, we also avoided the risks.
From the 4-hour chart of gold, I believe that the bears have not been fully released yet, and the sharp rise after bottoming out is just a lure for bulls. Now the market is breaking down, with a focus on suppressing the 2650 front line. If unable to stand above 2650, be alert to the possibility of another sharp drop at night.
So, in terms of operation, it is recommended to find opportunities to short sell around 2650 during the rebound today, and not to participate in other positions temporarily. Non farm data is about to be released, so it is advisable to trade cautiously!!!
(Investment carries risks, caution is required when entering the market; the above suggestions are for reference only, and profits and losses will be borne by the operator based on this.)
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