NFP Set to Rock Gold: Last Opportunity for a Well-Timed Short

업데이트됨
Market analysis: Brothers, today's gold market continues to be bearish! The short orders arranged before the release of yesterday's data have brought us a lot of benefits, and we have seized the lucrative profits of the decline in gold. Tonight, heavy data will be released one after another: the US October non-farm employment data, unemployment rate and ISM manufacturing PMI index will form a triple impact on the gold market.

These data are expected to put bearish pressure on gold, but considering the sharp drop the day before, today's downside may be limited because the market has partially digested the bad news. Therefore, today may be the last short-selling opportunity this week. Next week, with the landing of the US election, the market is expected to turn to favor gold.

So how to arrange it, you can look at the candlestick chart, 2756-2758 is currently an important pressure point, so the strategy before the data is released is to short the market near this pressure point!

Trading strategy:

Layout before data release: short in the key pressure area of ​​gold
Take profit target: 2735-2740
Stop loss setting: 2770
Strategy ideas to follow the trend: As the last trading day of this week, we will arrange short orders before the data is released, and start to arrange long orders next week to follow the trend.

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액티브 트레이드
Before the data is released, continue to place short positions in advance
액티브 트레이드
The data will be released in half an hour. Pay attention to the short orders in your hands.
액티브 트레이드
The data is positive, close the position at 2750, and then go long
액티브 트레이드
The data revision is slightly bullish for gold, but the bearish trend has not changed. The ‘US October ISM Manufacturing PMI’ data will be released soon, so those who currently have short positions should continue to hold them.
액티브 트레이드
Take profit completely
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Market trading is not only as sharp as a falcon, but also as delicate as a painting!

Only in this way can we ensure continuous profits!

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