Gold, wait for the non farm sector to break through!

2025-01-09 1484

It's almost the end of the year, and friends who plan to travel to Thailand have been affected by the recent celebrity Wang Xing incident. Many people plan to cancel their trips, and after the real-life version of the movie "All in One", they still have lingering fears.

In recent years, northern Myanmar has become synonymous with electronic fraud, each using high salary recruitment as a gimmick to attract young people from small towns in third - and fourth tier cities. Some are knowingly inclined towards tiger mountain travel, while others are lured by acquaintances and friends.

Why is electronic fraud so rampant now, from the original bondage of unemployed wanderers, young people at the bottom of society dreaming of overnight wealth, to now reaching out to the celebrity circle, internet celebrities, and middle-class circles?

Affected by the post pandemic era, the lives of celebrities have greatly declined in recent years. Have you ever felt that the frequency of celebrities holding concerts is even higher than that of rural performances? Almost all minors across the country have different celebrities holding concerts every week.

Since the era of internet celebrities began, the halo of celebrities has weakened significantly. Coupled with the economic downturn, the income from film and television works has rapidly declined. Celebrities who are accustomed to high consumption are looking for movies everywhere, and they have been targeted by scammers.

I personally think there are two main aspects to being deceived:

1: A person's expectations for the future are too high, they do not have a reasonable evaluation of themselves, and they expect to become rich overnight and live a life of excellence, getting something for nothing and once and for all. These are the promises that scammers can make, and only scammers can fulfill them.

2: Without basic identification skills, especially when it comes to strangers, travel guides, project introductions, and taking you to wealth on the internet, there is a lack of basic common sense. Scammers will not stop as long as they can cheat money, just like manipulators who can receive rewards will not stop manipulating.

Socrates said: A life that is not scrutinized is not worth living. A person who does not know will always know more than they know. They should be clear about their own abilities and cognitive boundaries. The Tao Te Ching says: Those who know others are wise, those who know themselves are wise, those who triumph over others are powerful, and those who triumph over themselves are strong. A rare and inexpensive commodity that prevents theft and loss of desire among the people, and keeps their hearts from being disturbed.

It's almost the end of the year. Friends who plan to travel to Southeast Asia should raise their personal awareness of prevention, especially friends or acquaintances who have not been in close contact in the past and are not clear about their specific professions. If they suddenly start to kindly take you on a trip or introduce you to work, they must be more careful.

Let's continue talking about gold:

Rising during the day and plummeting in the middle of the night, the gold market in recent days has shown a "diving movement" in the late trading session. The main direction is a slow rise, but in terms of rhythm, it is a manifestation of repeated market washing. Influenced by the positive ADP employment data, the gold price broke through 2665 and reached $2670 yesterday.

On Wednesday, the mnemonic for trading is: Asian market rises, European market continues, and the pullback before the US market is a trap for short positions. Buy long when you see a low.

Note that yesterday's European session broke through the Asian high point of 2651 to 2655. Before the US session, the European session fell downwards for a second test of 2646. In this situation, those who are not familiar with the mnemonic are worried about whether they will break the level. Here, it is important to note not to assume, but to execute. For example, the morning low of 2645. The previous morning low of 2642. After the European session broke the bottom, it is confirmed that there will be many retracements, unless they fall below 2642 and then consider a backhand. Excessive assumption and worry will make them anxious and afraid to take action.

The 1-hour chart showed that yesterday, influenced by ADP employment data and initial jobless claims, it broke through the pressure of 2665 and dropped to 2670. In the middle of the night, there was another sharp drop to $2650. Today's focus is on the defense of the 2650 position, which has been consolidated and challenged upwards to 2680 or even 2690
So, today we also need to look at the strength of the European market, especially breaking through the high point of 2663 in the Asian market. We can buy more in the area below 2653-50 and defend above 2640. Our target is 2675-2680. Due to the national mourning day, the market is closed, and major fluctuations are expected to be concentrated in tomorrow's non farm data.
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