What will be the trend of gold next week?
מעודכן
Gold did not break through the record high after the non-farm payrolls on Friday. Instead, it turned downwards and fell directly in a waterfall style. The lowest touched the 2410 line, a drop of nearly 68 US dollars. Before the non-farm payrolls data, I warned that gold had a double-top structure, so be careful about going higher. Then it fell back. Gold followed the same trend as we expected. So how should gold operate next week?
Gold's 4-hour chart is down, and the top is still a double-top structure. Gold will rebound next week and continue to be short at the 2450 resistance. In the short term, gold no longer has that much momentum to rise directly and break through the all-time high. At least, gold cannot rise so quickly. , after all, Friday’s non-farm payrolls and unemployment benefits were both bullish for gold, and gold still shot higher and fell back. Recently, there has been continuous risk aversion stimulus, and gold bulls have not been able to break through the historical high resistance. In the short term, it is still a bit difficult.
Next week I will still bring you the latest market analysis. You can click the link below my article. Next week I will continue to share my trading ideas with you for reference.
Gold's 4-hour chart is down, and the top is still a double-top structure. Gold will rebound next week and continue to be short at the 2450 resistance. In the short term, gold no longer has that much momentum to rise directly and break through the all-time high. At least, gold cannot rise so quickly. , after all, Friday’s non-farm payrolls and unemployment benefits were both bullish for gold, and gold still shot higher and fell back. Recently, there has been continuous risk aversion stimulus, and gold bulls have not been able to break through the historical high resistance. In the short term, it is still a bit difficult.
Next week I will still bring you the latest market analysis. You can click the link below my article. Next week I will continue to share my trading ideas with you for reference.
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