Gold oscillation money-making window opens, ADP data and Fed speech tonight will set the direction
Although we judged this morning that the market would break down, it didn't play out as expected. Currently, it's still oscillating narrowly within the range. However, the overall bearish momentum remains strong, and this oscillating trend will likely continue until tonight's data release.
There are two important news items tonight: ADP data at 21:15 and Federal Reserve official speech. These two major macro data points will likely break the oscillating pattern that has continued over the past two days.
We cannot predict major macro data in advance, so there's no need to guess the direction before the data comes out. Just operate back and forth within the oscillation range—this is now a rare money-making opportunity.
Before the data: stabilization between 4985-4975 in the lower range for longs, and pressure between 5025-5035 in the upper range for shorts. Strictly set stop losses and steadily capture range profits.
From the overall structure and price action, we personally lean toward a bearish bias, but we won't force predictions before the data. Trade the range first. After tonight's data release, wait directly for a breakout. If it breaks upward, chase longs; if it breaks downward, chase shorts. Enter the position directly upon breakout without hesitation.
Disclaimer: This analysis is for reference only and does not constitute investment advice. Markets carry risk. Trade with caution.
Gold oscillation money-making window opens, ADP data and Fed speech tonight will set the direction
Although we judged this morning that the market would break down, it didn't play out as expected. Currently, it's still oscillating narrowly within the range. However, the overall bearish momentum remains strong, and this oscillating trend will likely continue until tonight's data release.
There are two important news items tonight: ADP data at 21:15 and Federal Reserve official speech. These two major macro data points will likely break the oscillating pattern that has continued over the past two days.
We cannot predict major macro data in advance, so there's no need to guess the direction before the data comes out. Just operate back and forth within the oscillation range—this is now a rare money-making opportunity.
Before the data: stabilization between 4985-4975 in the lower range for longs, and pressure between 5025-5035 in the upper range for shorts. Strictly set stop losses and steadily capture range profits.
From the overall structure and price action, we personally lean toward a bearish bias, but we won't force predictions before the data. Trade the range first. After tonight's data release, wait directly for a breakout. If it breaks upward, chase longs; if it breaks downward, chase shorts. Enter the position directly upon breakout without hesitation.
Disclaimer: This analysis is for reference only and does not constitute investment advice. Markets carry risk. Trade with caution.