The gold D1 chart has continued to fluctuate for two weeks. Today’s small non-agricultural data hits heavily. Judging from the current data forecast, it is bad for the dollar. In addition, many companies have laid off a large number of employees in recent weeks, which is continuing to exacerbate the risk of the dollar falling.
The H1 chart currently forms two chart patterns, namely the triangle shape and the ascending channel. At present, the gold disk may continue to fluctuate and maintain a triangular state, walking back and forth in the ascending channel range.
This week, we must also pay attention to the monetary policy meeting that the Federal Reserve will announce at 2 am Beijing time on Thursday and the non-agricultural employment data and unemployment rate at 9:30 Beijing time on Friday, which will affect the future trend of gold.
Suggestions for ordering:
Buy low and sell high strategy, until the release of data to form a unilateral trend.
All transactions involve risks, and the above analysis is for reference only. Be sure to set the number of hands and remember to set a stop loss when placing an order.