Analysis of Today's Gold Market on July 1


The above is a personal subjective analysis for reference only. Please be reminded not to follow the trades blindly; any losses incurred are your responsibility.



7/1 Today's Gold Market Analysis: Last Friday, the key price level of 2340 was not reached, instead, it dropped to the critical daily cost price of 2327, and finally closed the day with a doji. Moreover, on the last trading day of June,

both long and short positions were cleared by the main force in the market. There won't be a clear expression before the announcement of the non-farm payroll data, but a strong big wave market is brewing.

Some students reported that they did not reach the 2340 price level and were also cleared out. Study tip: "Sell orders are closed at the buying price, remember to add the spread." Note that spreads vary across platforms.

During the Asian session today, gold reached 2319, which is the first key price level for the decline, then rebounded. Before non-farm payrolls on Friday this week, it will still be fluctuating within the 2330~2319 range.

Before a clear trend pattern emerges, be cautious and do not gamble on direction. Pay attention to whether the trend pattern breaks the key levels of 2319 and 2331 in the hourly timeframe, then choose between short and long positions.

The teacher reminds us to pay attention to risk control within the consolidation range.

"The above is a subjective analysis for reference only. Please do not blindly follow, losses are at your own risk." If you are interested in learning courses, send a private message to the group leader.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End



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