#MSCI未排除数字资产财库企业纳入范围 The Night Before Non-Farm: How Should We View the Gold Price?

Non-farm payroll data is coming this Friday, and the market is very sensitive right now. Everyone needs to control their positions and avoid getting shaken out.

From a fundamental perspective, the U.S. initial jobless claims data isn't as hawkish, so interest rate hike expectations are declining. The dollar index faced pressure after surging above 104, which is an opportunity for gold. With the market observing labor market performance before non-farm data, gold has short-term support.

On the technical side, after gold dropped to 4407 yesterday, it rebounded and formed a hammer candlestick on the daily chart with bulls stepping in. On the 5-minute chart, gold broke above the BOLL upper band, pulled back to the middle band, and stabilized. The MACD green column is shrinking, and the short-term upward momentum continues. The 1-hour chart is even clearer with MACD red columns expanding; although KDJ is approaching overbought, don't worry because price is holding above the BOLL middle band with sufficient bullish momentum. On the 4-hour chart, gold is stabilizing at the middle band, and RSI has returned to the strong zone, indicating higher probability of further upside. Key focus on the 4485-4500 resistance zone above, with 4440-4450 as critical support below. If we don't break this support today on a pullback, the bullish momentum continues.

How to trade? If gold pulls back to the 4440-4450 range, you can go long with stop loss at 4435, targeting 4480-4500. Conversely, if the rebound stalls near 4485, you can short with a light position, stop loss at 3 points, targeting 4440-4450.