From a technical perspective, gold is currently forming a head and shoulders bottom pattern. To confirm this pattern, the price of gold needs to rise to $1870 and not fall below around $1845 during the subsequent pullback. I believe the success rate of this head and shoulders bottom pattern is above 80%.
At the same time, the announcement of February non-farm payroll data is imminent. After the release of last month's non-farm payroll data, gold fell from $1954 to $1865, with a drop of nearly $100. Since then, gold has continued to decline and fluctuate, reaching a low of around $1800. As of now, the price of gold has not yet rebounded above $1900. This shows the significant impact of non-farm payroll data.
Given the analysis of the recent trend of gold, we have reason to suspect that the volatility of gold under the influence of non-farm payroll data is highly likely to be more than $40, which is a conservative estimate. Nevertheless, as long as we ensure successful trades, the profit from the same position may not be as high as last month but still substantial. I have already made plans for the arrival of non-farm payroll data.
If the data has a significant negative impact on gold, it is highly probable that gold will also fall after a significant rise. If the data has a slightly positive impact on gold, gold is likely to reverse and fall. If the data has a significant positive impact on gold, the probability of gold continuing to rise is very high, and the expectation is that it will rise above $1900 again. This is my expectation for the upcoming non-farm payroll data. Before the release of the non-farm payroll data, I will always pay attention to the changes in the market and adjust my trading strategy flexibly. Of course, I will also share my strategies with everyone.
I will continue to follow the gold market and share my trading strategies. Thank you for your attention and support. If you have any questions, please leave a message in the comment section. I will provide you with the most sincere and responsible solutions to help you solve problems.
At the same time, the announcement of February non-farm payroll data is imminent. After the release of last month's non-farm payroll data, gold fell from $1954 to $1865, with a drop of nearly $100. Since then, gold has continued to decline and fluctuate, reaching a low of around $1800. As of now, the price of gold has not yet rebounded above $1900. This shows the significant impact of non-farm payroll data.
Given the analysis of the recent trend of gold, we have reason to suspect that the volatility of gold under the influence of non-farm payroll data is highly likely to be more than $40, which is a conservative estimate. Nevertheless, as long as we ensure successful trades, the profit from the same position may not be as high as last month but still substantial. I have already made plans for the arrival of non-farm payroll data.
If the data has a significant negative impact on gold, it is highly probable that gold will also fall after a significant rise. If the data has a slightly positive impact on gold, gold is likely to reverse and fall. If the data has a significant positive impact on gold, the probability of gold continuing to rise is very high, and the expectation is that it will rise above $1900 again. This is my expectation for the upcoming non-farm payroll data. Before the release of the non-farm payroll data, I will always pay attention to the changes in the market and adjust my trading strategy flexibly. Of course, I will also share my strategies with everyone.
I will continue to follow the gold market and share my trading strategies. Thank you for your attention and support. If you have any questions, please leave a message in the comment section. I will provide you with the most sincere and responsible solutions to help you solve problems.
액티브 트레이드:
The support buying point of 1850 has been given, waiting for the first resistance TP of 1860
