Gold has encountered non-agricultural data again. Will the market change today? Gold has been rising recently, and the bulls have been overcoming obstacles all the way. It is unstoppable and has exceeded 2300. Can gold go higher? Can the non-agricultural sector see a change?
Gold rose again last night and fell back. It failed to stand above 2300 twice. Short-term 2300 has formed resistance. Gold fell directly and rapidly in early trading. The strength of the bulls has weakened and is no longer as strong as before. Gold does not rule out the possibility of peaking. If gold cannot break above 2300 today, then gold will have peaked. Gold has reached a double top in the short term. Today's rebound neckline can be shorted near 2290.
Plan your trade, trade your plan, gold bulls have reached a certain stage, and if gold peaks, the decline will be considerable. We will wait and see whether the non-agricultural sector will see a change.