$XAU 8月10号黄金回撤还要涨
Last Friday night, the non-farm payrolls data once again delivered a surprise. The July non-agricultural employment figure was far worse than expected: the market had been pricing in a figure as high as 80,000, but the actual number reported was -23,000. This was a strong bullish catalyst for non-US dollar assets, causing gold to surge again above 4300. Late Friday night, the gold price briefly jumped to 4371, holding above 4300 and forming a one-way uptrend.
This morning, gold opened with the price at 4347. The current gold price is around 4320, showing a slight pullback. From the current four-hour timeframe, gold is in a very clear bullish trend: the moving average system is aligned upward in a bullish configuration. However, on the more sensitive auxiliary indicators, the MACD red histogram bars are gradually shrinking, and the KDJ lines are in the overbought zone. Overall, the market likely needs a technical adjustment—but this adjustment may not necessarily involve a deep pullback. It could also be a corrective range consolidation at higher levels.
Today’s gold needs attention at two potential pullback levels. First, at 4280; second, at 4255. These correspond to the 0.618 and 0.78 levels on the Fibonacci retracement lines. If gold can pull back to 4255 and then stabilize, the potential upside from there will be greater.
Trading plan for today:
For the pullback from 4280 to 4255, consider scaling into long positions from Northbound/Buy-side entries. Targets upward are 4340-4380-4420!
The above is for personal viewpoints only and does not constitute any investment advice.
Last Friday night, the non-farm payrolls data once again delivered a surprise. The July non-agricultural employment figure was far worse than expected: the market had been pricing in a figure as high as 80,000, but the actual number reported was -23,000. This was a strong bullish catalyst for non-US dollar assets, causing gold to surge again above 4300. Late Friday night, the gold price briefly jumped to 4371, holding above 4300 and forming a one-way uptrend.
This morning, gold opened with the price at 4347. The current gold price is around 4320, showing a slight pullback. From the current four-hour timeframe, gold is in a very clear bullish trend: the moving average system is aligned upward in a bullish configuration. However, on the more sensitive auxiliary indicators, the MACD red histogram bars are gradually shrinking, and the KDJ lines are in the overbought zone. Overall, the market likely needs a technical adjustment—but this adjustment may not necessarily involve a deep pullback. It could also be a corrective range consolidation at higher levels.
Today’s gold needs attention at two potential pullback levels. First, at 4280; second, at 4255. These correspond to the 0.618 and 0.78 levels on the Fibonacci retracement lines. If gold can pull back to 4255 and then stabilize, the potential upside from there will be greater.
Trading plan for today:
For the pullback from 4280 to 4255, consider scaling into long positions from Northbound/Buy-side entries. Targets upward are 4340-4380-4420!
The above is for personal viewpoints only and does not constitute any investment advice.