📰 News information：
1. Tariff issues
2. Next week’s NFP data
📈 Technical Analysis：
Last night, gold rebounded to only around 3377 before starting to fall back. Our judgment that the current rebound is weak is completely correct. 3350 is the support point of the bottoming out and rebounding to nearly $20 last night. Whether the European session can go down to 3350 will determine the trend of gold.
From the daily chart, the daily line has fallen for two consecutive days, suggesting that the price may continue to fall today. At present, we need to pay attention to this week’s starting point of 3344-3345, and then the 3330 line below. The extreme decline is 3320-3310. At the same time, the narrowing of the daily Bollinger Bands is also paving the way for next week’s NFP data.
From the 4H chart, the current MACD indicator crosses and increases in volume, and the middle track of the Bollinger Bands and SMA30 basically overlap near 3388. As for the hourly chart, the upper pressure is mainly concentrated near 3375-3377, which is also the high point of the rebound last night. If gold rebounds directly upward and encounters pressure and resistance at 3375-3385 for the first time, you can consider shorting and strictly implement stop loss.
Overall, if the current market falls to 3350-3345 for the first time and gets effective support, you can consider going long with a light position, defend 3340, and look to 3356-3362; if the decline is strong and continues to fall below 3350, the best stable long point for the day is 3330-3320, defend 3310, and earn $10-20 to leave the market.
🎯 Trading Points：
BUY 3350-3345
TP 3356-3362
BUY 3330-3320
TP 3345-3360
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
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