In the trading market, no market can be complacent. No matter how smoothly you go, as long as you start a new trade after closing your position, you must have an empty cup mentality and start grasping the current market situation again. The forecast and trading of gold and silver have been extremely smooth this week. Since the beginning of the week, gold has been buying at a low of 2970, and silver has been buying at a low of 31. In these three trading days, we have been doing low long trading. Now, gold has reached a high of 2930, and silver has reached a high of 32.5. There has been a great harvest in long orders. Next, we will see the impact of non farm payroll data. After two days of decline, crude oil finally stopped falling at midnight on Wednesday and will rebound on Thursday and Friday. In terms of futures, after all recent long orders have been resolved, we are currently in a short position. On Thursday and Friday, we will see if there is a chance to engage in short-term trading based on the data.

ADP data exploded, and the market's discussion on the expectation of the Federal Reserve's interest rate cut instantly heated up. Currently, the dual mission of the Federal Reserve - controlling inflation and preserving employment - is facing a delicate balance. At the interest rate meeting on January 28-29, the Federal Reserve maintained interest rates at 4.25% -4.50% and displayed a hawkish stance, with the core reason being that inflationary pressures remained "somewhat high" and the economy and job market remained strong. However, the weakness of ADP data in February undoubtedly cast a shadow over this judgment. As one of the dual missions of the Federal Reserve, if employment data continues to weaken, it may force the Fed to re-examine the timing of its loose policies. Friday's non farm payroll report will undoubtedly become a barometer for determining short-term direction. If the employment data continues to weaken, the expectation of the Federal Reserve cutting interest rates may ferment ahead of schedule. Pay attention to the impact of the US unemployment data!

The US dollar index has finally emerged from a sharp decline, with the lowest point reaching 104.2. As mentioned earlier, once the US dollar falls below 105, it should consider a unilateral downward trend, and the US dollar may go below 102 or 100 in the future. In the current situation where the US Composite Index is so weak, gold is definitely still affected by its strength. Therefore, there are no conditions for gold to fall sharply in the near future. Therefore, the overall view is still to be bullish on gold, and after reading this bullish trend, see if there is significant room for adjustment. Since last week when Shanhai suggested buying gold at 2832, it has now reached a high point of 2930, with a $100 upside and downside space. In the first three days of this week, it has been reminding everyone to buy low and long, whether it is 2870, 2890, 2900, or 2909, all of which have captured big profits. Next, Shanhai wants to emphasize that although gold is bullish in this cycle, it cannot be blindly long. Not only is it affected by non farm data, but there is also a desire to adjust and fluctuate in the temporary intraday performance. Therefore, the bullish trend remains unchanged, but trading needs to be adjusted appropriately. From a technical perspective, the two consecutive trading days of gains this week have extended the strength of the daily chart above the Bollinger Bands. Although there was no strong bullish trend on Wednesday to continue rising, there is no room for a pullback. In other words, the strength is still there. So, what we need to discuss on Thursday is where this strong momentum will continue. As mentioned earlier, this cycle saw an increase of 2920.2935.2955. It is expected that Thursday's continued rise will see a high point of 2935. As for the closing situation of the daily chart on Thursday, it depends on the performance of the US market, and it is likely that the daily chart on Thursday will not be in a bullish state. Attention should be paid to the H4 cycle. After Wednesday's volatility, the Bollinger Bands of the H4 cycle have closed, with a large range at 2935/2860. Therefore, even if there is a bullish trend on Thursday, it is difficult to see a significant increase, and it is likely to be a volatile performance. The medium-term support point is around 2900, and trading needs to rely on this support point to go long, and then look at the continued space. As for whether the high point of 2935 can be shorted, it is necessary to observe the impact of the US unemployment data. Finally, it should be emphasized that trading on Thursday and Friday should not be overly focused on a single direction, and should aim for short-term accumulation with high success rates.

The trend of spot silver has reached its first target point of increase, 32.5. Although Wednesday has indicated a bullish trend with a 31 day long position for profit taking, Shanhai has mentioned that this cycle is still a bullish trend and cannot be shorted at will. Therefore, after closing out long positions on Wednesday, we will remain cautious and not engage in any trading for the time being. Therefore, we need to pay attention to the impact of data on Thursday and Friday, whether it is a continuation of the bullish trend or a consolidation and weakening downward trend. Today, continue to focus on the two levels of 32.5.33 above, and pay attention to the support level of 31.5.31 below. It is recommended to try short-term trading at key points.

Pay attention to the new changes in crude oil. After the decline on Monday, Tuesday, and Wednesday, crude oil has now fallen to around 65.2, with a strong momentum. However, the market may have changed today. Crude oil rebounded at midnight on Wednesday and currently closed above 66.5. The technical daily and H4 cycles have shown signs of bottoming out. Next, we need to see the continuity of the rebound and upward trend. Shanhai is more optimistic about the upward trend on Thursday and Friday, with a focus on the two target points of 68.70 above. Of course, we cannot rule out a sharp rise. Therefore, for today's trading, we should try to trade at a low level, and try to trade at a high level below 66. The US market will stabilize above 68, and this wave will determine the change in trend.