The U.S. non-farm payrolls data released last week exceeded expectations. As of November, the U.S. added 263,000 jobs. As soon as this data came out, gold fell by $20 in the short term. However, it rebounded and closed at 1797.79.
On the H4 chart, the Asian market opened this morning and hit a high of 1810. At the current stage, due to last week’s non-agricultural employment data, the market has not yet had an accurate trend, and it is still in the consolidation stage. And in the D1 chart, the price has touched the key resistance level above, and it can be slightly short.
The RSI indicator on the H1 chart reversed and fell after touching the position of 70 percent, and is currently trying to form a death cross. If the death cross is formed, it may be further short-selling.
Suggestions for ordering:
Enter short at a high level.
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.