deepens the evolution ability of the market, sort out the outline, and gradually fill it in~
National Day holiday is about to end, and our eyes are still to pull back to our main business. Yesterday, the market released the US ADP employment data. Gold was affected by this and once approached the $1,700 mark. The index rose in the short term, rising by more than 1% in the day.
The US ADP data in September recorded 208,000, better than the market expectations of 200,000 and the previous value of 185,000. The data recorded negative gold. The growth of employment data shows that the US labor force is healthy, increasing the possibility of continued violent Federal Reserve hike rate .
However, this data is not the final measure of the US job market, so the impact is not very extreme, and the panic and selling sentiment has not spread for too long. During the night trading session, gold prices bottomed out and rebounded. I think the factor that prompted the rise of gold prices is the non-agricultural data and unemployment rate that will be released tomorrow.
Currently, the market expects that the U.S. non-farm employment data will record 250,000 people, lower than the previous value of 315,000, and the unemployment rate remains the same as 3.7%. Judging from market expectations, the data will be good for gold, which prompted the gold price to bottom out last night and the rebound of , including the rise in gold prices today.
But we need to consider one problem: the positive expectations have gone. Even if the employment data is positive for gold, can it support the rise in gold prices? What if the data is negative? How will gold handle itself?
In view of the fact that gold has continued to rise recently, if this market peaks, it is necessary to maintain a range correction and a sharp high behavior. At present, from a technical point of view, if gold reaches a new high, the top divergence of will take shape in the 4-hour , and the top divergence usually indicates that the market will reverse.
Secondly, from the decline of gold 1807 to 1615, it has passed the 38.2% and 50% range suppression. Next, we need to pay attention to the pressure of 61.8%, which is at 1734. If the gold price will fall, we need to pay attention to the support of 1711 and 1688. If
html is short-term adjustment within 0 days, before it rises, you can also decide whether to buy long orders based on the short-term and participate in the protection and planning yourself!-
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