Gold has confirmed its direction next week. please keep up

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There are many trading opportunities, and the market is happening every day, but there are very few people who are in the right direction. It is not because you have misread the direction, nor is it because you are not serious enough. Most of the time it's because of your wrong choices. It led to the failure to realize the benefits in operation. So the criticality is often still optional.

It’s not that if you do something wrong today, you can prove that you can do it right tomorrow. It’s not because you’re right once, you’ll be right again. The market will happen every day, and non-agricultural issues will happen every month. In many cases, it’s not because you miss the market, but to choose If you make a mistake, even if you miss it, it will not have a big impact, but once you make a mistake, you will be very passive.

Most of the time, we don’t have many choices now, and sometimes we don’t participate once a day, but it’s very clear to participate once, and we can only participate when there is a clear signal opportunity. It's about participating in the right direction and accurately!

https://www.tradingview.com/x/jD6uiqtF/

Non-agricultural gold rose sharply in March. Specific data showed that the United States added 311,000 non-agricultural jobs in February, an increase higher than the expected 205,000. The previous value was revised down from 517,000 to 504,000; but the U.S. unemployment rate in February 0.2 percentage points higher than the previous value and expected value to 3.60%; the data affected the dollar's weakness after the U.S. non-farm payrolls data in February showed that wage growth slowed, suggesting that easing inflationary pressures may keep the Fed's pace of interest rate hikes Dovish, thereby reducing the attractiveness of the dollar; Gold prices jumped nearly 2%, driven by falling U.S. bond yields and broader financial markets, coupled with market news, a Silicon Valley bank announced the collapse, investors on the health of the U.S. banking sector Feeling nervous, they left the market one after another, which overshadowed the impact of the employment report in February and drove a large inflow of safe-haven funds into gold. So far, gold has come out of the skyrocketing space on Friday. Next week, investors need to pay attention to the chain reaction of the market to the banking industry. Key data include the U.S. February CPI, the U.S. API and EIA inventory changes for the week ending March 10, and the U.S. initial jobless claims for the week ending March 11. The number of gold, and the Eurozone February CPI. Major events of the week include the European Central Bank’s interest rate decision, the Eurozone finance ministers’ meeting, OPEC’s monthly crude oil market report, the British government’s budget report, the minutes of the Bank of Japan’s January monetary policy meeting, and the RBA’s economic bulletin.


The U.S. dollar has won the non-agricultural data and the sluggish state of the banking industry. On Friday, it walked out of the room for a sharp drop. The lowest point just fell to a low of 104, which happened to be the bottom of the second wave of previous rises. The U.S. dollar started to rise to a high of 106 at 100.8 There are two "W" bottoms in stages. As the US economic market properly handles the banking industry, the US dollar may continue to strengthen in the trend. Will go shock in 104/106!

The wave of non-agricultural gains directly smoothed out the previous decline and decline. Judging from the current 1-hour closing line, the short-term low is expected to form a low double-bottom pattern, and the continuous increase will continue to rise. In the stage of non-agricultural layout, the data is negative but the market is rising. Although the US non-agricultural data is lower than the previous value, the number of unemployed people has increased, which shows that the economy is not good. The dollar fell, and gold continued to climb. The key in this process is the breakout market. Once the breakout is established, the back step fails to give the shadow line, and there is no expectation of the trend on both sides.

So next week. We need to focus on 1870 resistance and 1880 resistance. In the short term, there is a demand for a callback to 1850. I will give the trading direction tomorrow in the intraday. Everyone can follow me. Thank you for your support and help.
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