#美国贸易赤字状况 Non-farm payroll data is coming. How to play the short-term gold market?

On Friday, the non-farm payrolls will be released. These days, the market has been very tense. Everyone must control their positions well and avoid being shaken out by the行情.

First, look at the big picture. The US initial jobless claims data did not show any particularly hawkish signals, which directly dispelled the market’s expectation of the Fed continuing to raise interest rates. After the dollar index surged to 104, it began to adjust, giving gold a breather. Plus, before the non-farm data, the market was waiting for labor market performance, so short-term fundamentals support gold.

Next, look at the technical aspect, which is crucial for short-term entry and exit. Gold prices rebounded after falling to 4407 yesterday, forming a bottoming pin pattern on the daily chart, clearly indicating bullish accumulation. On the 5-minute chart, gold broke above the BOLL upper band and then retreated to stand on the middle band. The MACD green bars are shrinking, and the short-term upward momentum has not been broken; on the 1-hour chart, the MACD red bars are expanding, and although the KDJ is approaching overbought, the price is holding above the BOLL middle band, favoring the bulls. On the 4-hour chart, gold remains above the BOLL middle band, RSI is rising into a strong zone, with resistance at 4485-4500 and support at 4440-4450. As long as today’s support zone is not broken, the bullish pattern remains intact.

How to operate? Consider buying long positions on dips around 4440-4450, with a stop loss at 4435; target 4480-4500. If the rebound encounters resistance near 4485, you can try short positions with a small size, placing the stop loss 3 points wider, aiming for 4440-4450.