(Thursday) Gold analysis: 2645-2650 is oscillating

5 ธ.ค.

(Thursday) Gold analysis: 2645-2650 is oscillating
As shown in the figure:
Four-hour cycle: 2620-2660 is still the current oscillation range
Oscillating center: 2645 (ray A: the most effective pressure line at present)
After the trend adjustment on Wednesday: Gold currently stands at 2645, and oscillates in a narrow range of 2645-2650.
Oscillating space: There is a high probability of a new trend around 2645 today (yellow circle: the current convergent oscillation range, there is not much area, which means that a new trend is about to break out, we continue to wait)
The current trend of gold is converging and oscillating around 2645-2650. Still focus on: the trend performance around 2645
Strategy:
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Long-term thinking:
Bottom support: 2645
Breaking pressure: 2655-2660
Upward target: 2660-2680
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Short-term thinking:
Top pressure: 2650
Breaking support: 2645-2635
Downward target: 2630-2620-2600-2580

Today's gold thinking: At present, the market has no clear direction for fundamentals. Focus on the trend of the European market, combined with the US market data, and treat it with a low-long thinking.
Fundamentals: (Gold is about to explode this week, so be sure to do a good job of risk control)
Is it weird? Fed officials have repeatedly released "hawkish" but the probability of a rate cut in December is still rising!
Before the December resolution, the US official will also release two heavyweight economic data - the November non-farm payrolls data this Friday and the November CPI data next Wednesday. As Powell failed to give a clear signal on whether to cut interest rates in December overnight, the performance of these two data may ultimately determine the direction of the Fed's decision-making at that time.
On Thursday, December 5, in the early Asian session, spot gold showed a narrow range of fluctuations and is currently trading around $2,649. Gold prices rose slightly on Wednesday, closing at around $2,649. Previous data showed that private employment in the United States achieved moderate growth last month, while investors digested the speech of Federal Reserve Chairman Powell and looked forward to Friday's non-farm payrolls report.
Combined with the daily and hourly chart structures, it is likely that gold will temporarily fluctuate today and tomorrow. However, the upper pressure is also very obvious. Considering that the future market focus will shift to the expectation of a temporary interest rate cut in December, gold will still face a great demand for adjustment.

5 ธ.ค.

การซื้อขายยังคงดำเนินอยู่

5 ธ.ค.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Today's first target has been achieved
2642-2652
Close the position before the US market opens
There will be a lot of data today and tomorrow, which will have a great impact on the trend of gold
We should avoid risks in advance
Wish you all good luck next