9.4 Gold Evening Review
As the Non-Farm Payrolls (NFP) data release gets closer, gold is currently trading in a narrow range around 4468. The overall hourly chart still maintains a bullish trend, but the MACD indicator continues to slope downward, and upward momentum keeps weakening. On the 30-minute timeframe, gold remains in high-level consolidation, with intensified long-versus-short battles; the market stays cautious and is waiting for NFP to provide direction.
Key Levels
Resistance: 4490-4510
Support: 4450-4430
Trading Outlook
With the NFP data about to be released, the market may experience sharp fluctuations at any moment. Don’t try to guess the direction in advance; instead, wait and observe for the data to take effect.
If price breaks upward and holds above the 4490-4510 resistance zone, consider going long, with targets toward 4450-4430.
NFP night volatility will be high. Be sure to strictly control position size, set stop-losses properly, avoid chasing rallies or selling into strength, and only act once clearer trading signals emerge.$XAU
As the Non-Farm Payrolls (NFP) data release gets closer, gold is currently trading in a narrow range around 4468. The overall hourly chart still maintains a bullish trend, but the MACD indicator continues to slope downward, and upward momentum keeps weakening. On the 30-minute timeframe, gold remains in high-level consolidation, with intensified long-versus-short battles; the market stays cautious and is waiting for NFP to provide direction.
Key Levels
Resistance: 4490-4510
Support: 4450-4430
Trading Outlook
With the NFP data about to be released, the market may experience sharp fluctuations at any moment. Don’t try to guess the direction in advance; instead, wait and observe for the data to take effect.
If price breaks upward and holds above the 4490-4510 resistance zone, consider going long, with targets toward 4450-4430.
NFP night volatility will be high. Be sure to strictly control position size, set stop-losses properly, avoid chasing rallies or selling into strength, and only act once clearer trading signals emerge.$XAU