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Gold prices continue to fluctuate within a narrow range during the day, forming an upward triangle range
Current price around $4,464: open a short-term long position, place a stop-loss at 4,450, and take profit at 4,480#黄金 #伦敦金 $XAU

Yesterday, continue holding the long-term position established in the plan. 4,469 people added the same amount of shares again. All take-profit and stop-loss levels remain unchanged! $XAU

You can continue holding the medium-to-long term orders placed last night!#黄金 #伦敦金 $XAU

September 4: Gold bulls rebound—nonfarm data adds support

Tonight, August nonfarm payroll data will be released. In August, the expected increase in non-farm employment was 80,000, but the actual figure came in sharply lower at a decrease of 20,000. However, the employment data for enterprises released on Wednesday only showed a decline of 8,000, with no sign of large-scale layoffs, though it is a fact that the unemployment rate is cooling.

Tonight’s nonfarm data: the market expects an increase of 56,000. My personal view is that the data may not be overly impressive, but it could be a short-term positive catalyst for gold.

Today’s plan: After the market opens in the morning, the gold price will rise slightly and then range and pull back. As of now, the day’s high is $4,487 and the low is $4,460. In the European session, watch the Asian-session low around $4,460. If price stabilizes and stops falling at $4,460 during the European session, you can confidently enter a light long position. Place a wider stop loss around $4,440. The take-profit potential can be looked at a bit higher.

The above analysis is for reference only and does not constitute any investment advice. Financial markets are highly volatile; investing involves risk. Proceed with caution when entering the market.#黄金 #伦敦金 $XAU

Today summary:
Today’s main short-term trading operations, total profit 711.5 USD
In addition, new mid-to-long-term positions have been set up again. Bought at 4476, added at 4460. This trade will continue to be held!#黄金 #伦敦金 $XAU

Spot gold:
For friends who followed the evening and entered long positions, if you only trade intraday short-term and don’t want to hold positions overnight, you can exit around the current price at the 4496 area, capturing up to 36 points!$XAU

Hold long positions continuously, aiming higher at target 4700#黄金 #伦敦金 $XAU

Play it safe—one person is hard to stand out
Afraid to lose—one life is hard to break through
In a long-side stacked market, with the hourly chart pulling back to the 5MA, just enter when you should—don’t hesitate
When you realize the market has already moved on again, then there won’t be such a good entry position anymore!#黄金 #伦敦金 $XAU

Will you not kill me?#黄金 #伦敦金 $XAU

Spot gold:
The current price is 4476. Enter/position from the North area at 4476. If the gold price pulls back to the 4460 area, add to the position. Set all stop-losses at 4440. Targets: 4700
(Note: The target level is 4700. There is an opportunity with this trade to attempt holding for the medium to long term.)#黄金 #伦敦金 $XAU

Driven by unemployment benefits data, gold breaks through the 4470 resistance zone. If the price can stabilize and hold above 4470, gold will launch an attack toward 4700 #黄金 #伦敦金 $XAU

Trading is honing patience and controlling greed
Controlling desire is what leaves behind is the principles of heaven#黄金 #伦敦金 $XAU

September 3rd: The gold rebound hitting a short-term bottom is not necessarily a reversal

Last night, the US small non-farm payrolls data came in below expectations. The released employment number was only 38,000, which greatly favored both non-US and US dollar-related products. Triggered by the news, gold sparked a strong long-driven rally in the short term. That night, the gold price surged to $4,397. This morning, the gold price opened and continued its short-term upward move. At present, the highest price has reached $4,440, and it is currently quoted around $4,435.

At the Jackson Hole annual symposium, speeches from officials including Waller and a group of Fed officials were hawkish, causing gold to drop directly from $4,632 to $4,282. Immediately afterward, the Fed will release monetary policy in the early hours of September 17. The key factor affecting monetary policy is still inflation. Since the inflation issue has not been resolved, the heat around further rate hikes will likely re-ignite again.

From the chart perspective, gold is currently in a rebound after bottoming out. In the short term, once gold breaks above 4,385, we can indeed confirm that 4,282 is the local bottom for the short term. However, whether gold can continue the rebound and turn into a true reversal requires stronger confirmation at a higher level—this is what we usually refer to as the resistance level.

On the four-hour timeframe, gold started falling from $4,632, and the starting point of the last wave of decline was at $4,470. That means gold can only be confirmed as reversing rather than merely rebounding if it effectively breaks above $4,470. If, in the next move, the gold price can effectively rebound back to $4,470, gold will once again attempt an attack above $4,700. Otherwise, the gold price will still test lower areas, potentially $4,200 or even $4,150!

After today’s open, the Asian session has continued the up-move driven by longs. The key is whether today’s European session can continue the up-move. If the European session continues rising, then the gold price in the US session tonight will likely continue the long-driven upward move. If gold does not continue rising in the European session and instead goes into a relatively weak-sideways consolidation, then tonight we need to guard against gold being oversold and pulling back.

For future operations, focus on the resistance around 4,445. If the gold price can effectively break above 4,445, it can further target $4,470.

The analysis above is for reference only and does not constitute any investment advice. Financial markets are highly volatile; investing involves risk, so enter the market cautiously.#黄金 #伦敦金 $XAU

Again targeted, a wasted day #黄金 #伦敦金 $XAU

Spot gold:
Gold rebounded to the 4375—4385 resistance zone
Current price 4376: take a light short position in the next leg southbound; on a rebound to 4385 add the same position size. Set stop-loss at 4390, target downside at 4340.#黄金 #伦敦金 $XAU

Gold touches 4375—4385; resistance above the line. The KDJ three lines are oversold. If you have long positions, please consider reducing exposure and holding for now—take some profits first!#黄金 #伦敦金 $XAU

Yesterday's to today's profit has retraced by 745.6 dollars. It's not a big problem; we'll get it back once we catch another opportunity. #黄金 #伦敦金 $XAU

Gold price rebound breaks above the resistance at 4335 in the range; next, gold will move toward the 4375—4385 range for a push#黄金 #伦敦金 $XAU