Next week's gold trend will depend on whether it can break through this crucial move with non-farm payroll data. The market focus is on the core range of 4444-4500; whoever can control this area will basically master the rhythm.
Looking upward, if the gold price stabilizes above 4500, the bulls will seize the opportunity to push straight to 4510-4520; looking downward, if it breaks below the 4444 line of defense, it is very likely to return to the volatile range of 4400-4440 in the short term. In simple terms, it's a confirmation of the direction.
From a trading perspective, the most reliable approach is to hold key support and resistance levels, and follow the trend once you see the right opportunity—don't be greedy. Major events like non-farm payrolls can cause huge fluctuations, so position size must be controlled. Otherwise, instead of calm waters, you might end up in trouble.
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Next week's gold trend will depend on whether it can break through this crucial move with non-farm payroll data. The market focus is on the core range of 4444-4500; whoever can control this area will basically master the rhythm.
Looking upward, if the gold price stabilizes above 4500, the bulls will seize the opportunity to push straight to 4510-4520; looking downward, if it breaks below the 4444 line of defense, it is very likely to return to the volatile range of 4400-4440 in the short term. In simple terms, it's a confirmation of the direction.
From a trading perspective, the most reliable approach is to hold key support and resistance levels, and follow the trend once you see the right opportunity—don't be greedy. Major events like non-farm payrolls can cause huge fluctuations, so position size must be controlled. Otherwise, instead of calm waters, you might end up in trouble.